Stock brokerages such as ICICI Securities, JM Financial, Motilal Oswal, and Geojit Financial Services have come out with research reports on select stocks namely Apollo Hospitals, Bandhan Bank, Prestige Estates, and Rolex Rings. Here's what brokerages said about these counters
ICICI Securities has a ‘Buy’ rating on Apollo Hospitals Enterprise stock with a target price of Rs 5,000 per share. Margins are expected to improve in the near term owing to better occupancies, improvement in payer mix, and reduction in cash burn in Apollo 24x7, according to the brokerage
Analysts at ICICI Securities raised revenue and EBITDA estimates by around 2-4% to factor in the better revenue traction in the pharmacy segment. Higher competition and delay in profitability of Apollo 24x7 are key downside risks for Apollo Hospitals stock, according to the brokerage
Motilal Oswal has a ‘buy’ call on Prestige Estates Projects stock with a target price of Rs 675. While the recent stake increase in key office assets in Mumbai has resulted in an increase in net debt, the brokerage believes that the enhanced cash flows will support the company in meeting its business development spending and commercial capex requirements without putting strain on the balance sheet
Analysts at Motilal Oswal believe that once the commercial portfolio reaches full stabilisation over the next five to six years, Prestige Estates is expected to generate a rental income of Rs 40 billion. However, this potential income is not fully reflected in the current valuation
Geojit Financial has a ‘Buy’ call on Bandhan Bank stock with a price of Rs 305. The brokerage expects robust growth in advances and deposits, led by the retail segment
According to analysts at Geojit Financial Services, improving asset quality, strong collection efficiency, adequate capitalisation, and lower provisioning augur well for Bandhan Bank’s performance. “The stock is trading at attractive valuations,” they said
JM Financial has a ‘buy’ call on Rolex Rings with a target price of Rs 2,500 per share. The company has won a new program from a US-based auto-component major for supply of components for EV passenger vehicles, which possesses an annual opportunity of Rs 1.5 billion
Analysts at JM Financial forecast Rolex Rings sales and EPS CAGR of 18% and 17% over FY23-25E, driven by healthy growth in order book; addition of new customers in bearings and automotive division, and installation of solar power plant to aid margin expansion
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