Several renowned brokerage firms have commenced coverage on a range of stocks, offering valuable insights and target prices for investors. Here’s a glimpse of their recommendations:
Inox Wind (CMP: Rs 209)
Systematix Institutional Equities has initiated coverage on Inox Wind with a ‘Buy’ rating, setting a target price of Rs 262. This represents a substantial upside potential of 25% from the current market price. The firm is optimistic about Inox Wind’s future, anticipating a boost in earnings with the execution of orders in FY24 and FY25.
Zomato (CMP: Rs 101)
Equirus Securities has entered the fray by initiating coverage on Zomato with a ‘Long’ rating and a target price of Rs 135. This suggests a remarkable upside potential of nearly 35%. The firm highlights Zomato’s attractive valuation, given its asset-light business model and robust free cash flow generation.
Voltas (CMP: Rs 907)
Motilal Oswal reinitiates coverage on Voltas with a ‘Buy’ rating and a target price of Rs 1,000. This target implies a 10% upside from the current market price. Motilal Oswal believes Voltas will continue to maintain a significant market share in the RAC segment.
Beta Drugs (CMP: Rs 1,056)
Nuvama has initiated coverage on Beta Drugs with a ‘Buy’ rating and a target price of Rs 1,325, indicating a 25% potential upside. The company’s strong product pipeline, export market approvals, and robust financials make it an attractive proposition.
Dixon Technologies (CMP Rs: 5,176)
Kotak Institutional Equities takes a contrarian view by initiating coverage on Dixon Technologies with a ‘Sell’ rating. They have set a target price of Rs 4,000, implying a downside of 23%. Kotak’s analysis is based on various assumptions, including revenue growth and component manufacturing values.
Investors and analysts alike are closely monitoring these stocks, considering the compelling insights provided by these brokerage firms. Each recommendation reflects a unique perspective on the future potential of these companies, offering valuable guidance for investment decisions.
