Bharti Hexacom share zooms 8% on ‘buy’ call by Jefferies
Jefferies initiates its coverage on recently listed stock, with a target price of ₹1,080, nearly 25.4% upside last closing price
Jefferies initiates its coverage on recently listed stock, with a target price of ₹1,080, nearly 25.4% upside last closing price
US-based global brokerage says capex cycle theme drives several of its top picks; other factors include govt mfg push, SOE reforms, penetration stories, financialisation of savings, consumer ideas
Jefferies' top PSU picks are SBI, Coal India and NTPC, while BSE PSU Index PE at 12.1 times is a 40% discount to Nifty 50
Jefferies says Adani Enterprises presents an “attractive play on Capex cycle theme”, and has built industry-leading businesses
The Mamaearth stock hits an intra-day high of ₹487, its all-time high so far and up 13.2% against the previous session close
Jefferies has set a target price of ₹1,300 for Paytm, a 34% upside compared with its closing price on October 19.
On a year-to-date basis, Zomato has gained 75%.
While ICICI Securities retained its ‘Buy’ stance on TCS shares, Axis Securities and Jefferies assigned ‘Hold’; Nomura and Morgan Stanley gave ‘Reduce’ and ‘Equal Weight’ ratings, respectively.
Quick commerce players offer the lowest discounts due to their focus on convenience.
On Friday, the PSU stock opened higher for the fourth straight session and gained as much as 5.47% to touch a fresh record high of ₹771.4 on the BSE.