Stock brokerages including Axis Securities, Nuvama Institutional Equities, Sharekhan, and Geojit Financial Services have come out with research reports on select stocks namely Lupin, Quess Corp, Mahindra & Mahindra (M&M), and Info Edge. Here's what brokerages said about these counters
Brokerage firm Axis Securities has a ‘Buy’ rating on Lupin stock with a target price of Rs 1,200 per share. According to the brokerage, the pharma company’s Indian business is outperforming IPM thanks to growth in key therapies such as CVS and antidiabetics
“We have confidence in Lupin’s business supported by 1) New launches in the US market like Darunavir, Cynocobalamin, Diazepem Gel, Vereniciline, Bromfenac etc. excluding gSpirva, 2) Double- digit growth in India business as the company has already increased MR to 1,000, 3) An uptick in the API business as the API industry is witnessing demand revival,” said Axis Securities in its report
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Nuvama Institutional Equities has a ‘Buy’ rating on Quess Corp stock with a target price of Rs 520 per share. According to the brokerage, Quess’s near-term outlook may remain jittery, but a correction of around 26% in stock price over the past one year sufficiently factors that in
According to analysts at Nuvama, Quess has an eclectic portfolio of services that offers an attractive growth mix. "The company’s three areas of exposure, viz., general staffing, specialised staffing and facility management are expected to almost triple by FY30, in our view, led by strong domestic structural drivers. Ergo, Quess is an exciting integrated play on the burgeoning growth opportunity in business services in India," they said
Brokerage firm Sharekhan has a ‘Buy’ rating on Mahindra & Mahindra (M&M) stock with a target price of Rs 1,773 per share. According to the analysts, given its dominant position in the domestic automotive and tractor market, M&M is now aiming to strengthen its international product portfolio and, hence, launching global products, which can cater both domestic as well as international markets
"M&M is consistently focusing on improvement in its operating profitability. Its EV projects are on track. Historically M&M’s operating performance has largely depended on the tractor segment; however, we believe the auto segment is expected to drive its operating performance in the coming years due to increasing volumes going ahead," said Sharekhan in its report adding that it maintains 'Buy' rating on the stock due to a healthy robust order book in the PV segment, market leadership in the tractor segment, opportunity to grow in the farm machinery segment, and its road map to play in the EV space
Geojit Financial Services has a ‘buy’ rating on Info Edge (India) stock with a target price of Rs 4,896 per share. According to the brokerage, the company reported a decent quarter, with modest growth in topline, supported by the recruitment business despite slowdown in IT hiring. 99acres and other businesses grew well and are expected to grow further with continued innovations and investments
"While IT recruitment has been subdued, the company continues to demonstrate resilience in its hiring practices, supported by non-IT recruitment in sectors such as manufacturing, BFSI, healthcare and infrastructure. Info Edge (India) is also witnessing a rise in the real estate sector and can maintain its leading position going ahead. Hence, with a long-term prospect, we reiterate our BUY rating on the stock," said Geojit Financial Services in its report
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