Macrotech Developers Share Price: Hot Stocks: Brokerages on PNB, Macrotech Developers, and Mahindra Finance? | Tech US News


Global brokerage firm JPMorgan maintained an underweight rating, Morgan Stanley maintained an equal weight rating, and BofA maintained a buy call on Mahindra Finance.

We have compiled a list of top brokerage firm recommendations from ETNow and other sources:

JPMorgan on PNB: Underweight | Target 34 Rs

JPMorgan maintained an underweight rating on PNB with a target price of Rs 34.

Core fee-based revenue declined by 32%. Cumulative slippages stood at ~3%, while elevated, they moderated on a QoQ basis. Supply costs also remained high. A higher overall stress book than peers, the brokerage said.

It added that the public sector bank’s weak single-digit ROE profile makes us cautious.

Morgan Stanley on Macrotech Developers: Equal Weight | Target 1145

Morgan Stanley maintained an equal weight rating on Macrotech Developers with a target price of Rs 1,145. The brokerage said the company is executing well on its plans.

MDL’s key topics include speeding up new launches. Free cash flow generation is leading to de-leveraging. It added that the company is on track to meet its FY23 guidance.

BofA on Mahindra Finance: Buy | Target Rs.245

BofA maintains Buy rating on Mahindra Finance with a target price of Rs 245. Net interest income (NII), and PPOP were down in Q2, but net profit managed to beat estimates.

October growth remained strong. CRAR is strong at 23.8%. It added that the International Investment Bank maintained a buy on the improving growth outlook and recovery of AQ.

(Disclaimer: Recommendations, advice, opinions and views given by experts are their own. They do not represent the views of Economic Times)


Source link

Please disable your adblocker or whitelist this site!