m&m share price: Hot Stocks: Brokerages on M&M, Voltas, SRF, and UltraTech Cement

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International brokerage agency Goldman Sachs maintained a acquire rating on M&M, even though Credit history Suisse retained Underperform on . At the identical time, Jefferies managed maintain on SRF and JPMorgan neutral on .

We have collated a list of recommendations from leading brokerage corporations from ETNow and other sources:

Goldman Sachs on M&M: Get| Target Rs 1640
Goldman Sachs taken care of a acquire ranking on M&M with a target price tag of Rs 1640. The global investment financial institution raised FY23/ FY25 EPS estimates by up to 4%.

It expects investor concentration to be on the firm’s ideas for capacity growth.

Credit score Suisse on Voltas: Underperform| Focus on Rs 800
Credit history Suisse maintained an underperform ranking on Voltas with a goal value of Rs 800. Vulnerability in sector share and margins persist, it stated.

“The AC segment sees a industry share reduction, competitive intensity has heightened. Levels of competition is probably to intensify, and reduce margins are probable in the interim,” it extra.

The world financial commitment lender slashed 2023/24/25E EPS by 19%/9%/7%.

Jefferies on SRF: Maintain| Focus on Rs 2290
Jefferies preserved a hold rating on SRF with a target selling price of Rs 2290. The business reported a sharp overlook on demand from customers weakness and margin contraction.

“SRF documented Q2 revenues that had been in line. EBITDA arrived in 20% below estimates. Chemical margins fell 194 bps QoQ,” it said.

JPMorgan on UltraTech: Neutral| Concentrate on Rs 6125
JPMorgan managed a neutral ranking on

Cements with a target rate of Rs 6125. Management is self-assured of the desire outlook.

The world wide investment decision financial institution expects margin restoration from Q2 ranges. Gas costs must continue to be elevated, and cement cost hikes should occur by, it claimed.

(Disclaimer: Tips, recommendations, sights and viewpoints specified by the professionals are their possess. These do not represent the views of Financial Periods)

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