Macquarie on Cement: UltraTech Cement and Ambuja Cements
Macquarie maintained an outperform score on UltraTech Cement however raised the goal worth to Rs 9250 from Rs 9087.
The worldwide brokerage agency recommends outperform score on Ambuja Cements however slashed the goal worth to Rs 480 from Rs 506 earlier.
Macquarie maintained a impartial score on Shree Cement however slashed the goal worth to Rs 25,149 from Rs 25,236 earlier.
The worldwide funding financial institution remained impartial on ACC however raised the goal to Rs 2128 from Rs 1998 earlier.
It recommends a impartial score on Ramco Cement however raised the goal to Rs 955 from Rs 865 earlier.Rising capability focus and a wholesome demand outlook make the cement sector engaging. The worldwide funding financial institution remained constructive on the cement shares.Strong demand development bodes nicely for earnings. Value moderation ought to help margin restoration. “Business consolidation lends help to our medium-term constructive outlook,” mentioned the be aware.
Dalmia Bharat has an outperform score, however the international funding financial institution raised the goal worth to Rs 2658 from Rs 2441 earlier.
Jefferies on L&T: Purchase| Goal Rs 3050
Jefferies maintained a purchase score on L&T with a goal worth of Rs 3050. H1 ought to see order movement traction as elections drive front-ended FY24E order movement.
H2 ought to profit from margin restoration as mission execution of these received in an inflated commodity worth surroundings pick-up.
Buyback reveals confidence in future money movement energy. The corporate nonetheless stands out on valuations and is in a candy spot.
CLSA on Maruti Suzuki: Promote | Goal Rs 9417
CLSA maintained a promote score on Maruti Suzuki India however raised the goal worth to Rs 9417 from Rs 8796 earlier.
SUV launches have completed nicely. The launch momentum is slowing although, which may very well be a trigger for concern.
Competitors within the SUV section is rising. MSIL launch share within the SUV section will decline to low single digits in FY25.
FY24 will likely be a superb 12 months for Maruti however momentum is unlikely to maintain in FY25.
(Disclaimer: Suggestions, solutions, views, and opinions given by specialists are their very own. These don’t symbolize the views of the Financial Occasions)
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