Markets Live: What top brokerages recommend on GMR Airports, IPCA Labs, Biocon, IIFL Wealth Management
Kotak Institutional Equities on GMR Airports (CMP:39)
Maintain Buy, Target 43
(management meet)
Groups’s ADP converting Stake to the listed company level soon
Monetisation can help increase its retail quotient & take out debt
Remaining project capex is already fully funded
Motilal Oswal Securities on IPCA Labs (CMP:850)
Maintain Buy, Target 1000
(management meet)
Progressing steadily to reclaim growth path
Domestic formulation is key driver of its sales growth,
fueled by market outperformance in pain/dermatology/urology and supported by higher MR base
Building levers to almost double its api exports by FY27
Philip Captial on Biocon (CMP:264)
Maintain Buy, Target 350
(Management meet)
Successfully closed ambitious acquisition of Viatris’ biosimilar operation
Acquisition makes BBL a vertically integrated global biosimilar player; est. to achieve global scale with sales/EBITDA of US$ 1.58bn/ US$ 425mn in FY24
Kotak Institutional Equities on IIFL Wealth Management (CMP: 1753)
Maintain Buy, Target 2100
(management meet)
Operating Trends strong despite cautious 12 month outlook
IIFL one platform is gaining adoption from booth new & existing clients
Expansion & Launch of Mid-Market Proposition Next growth drivers
Motilal Oswal Securities on VRL Logistics (CMP: 528)
Maintain Buy, Target 730
Price hike in goods biz to support margins;
sale of bus biz augers well
Vol growth post 2Q remains robust despite festive demand receding
Expect Rev/EBITDA/PAT CAGR of 15%/13%/20% over FY22-24
Morgan Stanley on Gas Cos
Gas demand remains challenged with no material improvement
despite lower global import prices over past 3 mths
Power, industrial & city gas shift to alternatives fuel sustains
Domestic gas market share grinds higher & was at 58% highest in last decade
Prefer GAIL & IGL, Underweight – Petronet
(Disclaimer: The views/suggestions/advises expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)
