International brokerage agency JP Morgan maintained its obese ranking, whereas CLSA beneficial outperform ranking, and BofA Securities maintained its impartial stance.

We have now compiled a listing of suggestions from the highest international brokerage corporations from ETNow:

JP Morgan on RIL: Chubby| Goal Rs 3,170

JP Morgan retains its obese ranking

With a goal worth of Rs 3,170, which is 22 per cent increased than Rs 2,583 recorded on August 2, 2022.

JP Morgan mentioned RIL’s latest underperformance ought to flip the other way up with FY13 earnings visibility rising.

“We might not be stunned to see additional reductions in sudden taxes,” the corporate mentioned. The latest spectrum public sale has additional strengthened Jio’s market management.

The word added that buyers count on some breakdown in capex break up and refining margin particulars.

CLSA on UltraTech Cement: Outperform| Goal Rs 7,365

CLSA maintained its outperform ranking on UltraTech Cement with a goal worth of Rs 7,365, up 10 per cent from Rs 6,642 recorded on August 2, 2022.

The FY22 annual report evaluation confirmed that the corporate is ‘heading in the right direction’ and is heading in the direction of a tricky goal for ESG, CLSA mentioned.

The word added that capability enlargement gives visibility on medium-term development. The return ratio ought to enhance going ahead. It’s the prime spot within the area, however the near-term outlook is unstable, it added.

BofA Securities on Godrej properties: Impartial| Goal Rs 1,650

BofA Securities maintained its impartial ranking on Godrej Properties with a goal worth of Rs 1,650, up 12 per cent from Rs 1,463 recorded on August 2, 2022.

Q1 noticed respectable bookings on new launches, whereas the affordability degree continues to be comfy for demand, it mentioned.

(Disclaimer: Suggestions, recommendations, views and opinions given by specialists are their very own. They don’t symbolize the views of The Financial Occasions)

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