Motilal Oswal Financial Services has given a ‘buy’ recommendation on Metro Brands with a target price of Rs 1,460 (+18%). Analysts believe the company, one of the leading players in the sports and athleisure segment, has a strong runway for growth, funded through internal accruals, and superior execution and store economics.
HSBC has a ‘reduce’ recommendation on Tata Chemicals with a target price of Rs 820 (-21%). Analysts believe imposition of minimum import price to benefit the company in a limited way. On top of that industry demand outlook remains muted amid oversupply risk.
Nuvama maintained its ‘reduce’ recommendation on Ashoka Buildcon with a target price of Rs 294 (-4%) mainly on the back of rich valuations of the stock.
Equirus has a bullish view on Transport Corp with a ‘long’ recommendation and a target price of Rs 1,395 (+20%).
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