expert outlook: Hot Stocks: Brokerages on JSPL, Indian Hotels and Zomato post Q2 results
We have collated a list of recommendations from top brokerage firms from ETNow and other sources:
Citigroup on JSPL: Buy | Target Rs 560
Citigroup maintained a buy rating on JSPL with a target of Rs 560.
“Cost pressures were seen in Q1. Standalone adjusted EBITDA fell by ~68% on a YoY basis. There is confidence around JSPL’s balance sheet and potential upsides,” the brokerage said.
Jefferies on Indian Hotels: Buy | Target Rs 380
Jefferies maintained a buy rating on Indian Hotels with a target price of Rs 380. Top line beat, but margins were below expectation, said Jefferies.
EBITDA margins slipped to ~24% vs ~30% QoQ. On a QoQ basis, employee costs grew by 5%, said the note.
Citi on Zomato: Buy | Target Rs 85
Citi maintained its buy rating on Zomato with a target price of Rs 85.
The global investment bank is of the view that the overall 30% GOV growth rate in FY23E can be achievable. Blinkit losses declined 20% QoQ.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)