Axis Securities is bullish on private hospital chains. It has ‘buy’ recommendations on the stocks of
Fortis Healthcare
(Target Price: Rs 860; +20%),
Max Healthcare Institute
(TP: Rs 1,315; +18%) and Healthcare Global Enterprise (TP: Rs 575; +14%), mainly based on expected high growth rate for the sector in the next three years.
Emkay Global has a ‘Buy’ rating on tyre maker Ceat (TP: Rs 4,000; +27%). Analysts at Emkay are positive on Ceat’s recent acquisition of Camso brand’s off-highway tyre and tracks business, along with two manufacturing plants in Sri Lanka from Michelin.
Morgan Stanley and Citi both have ‘Buy’ ratings on Bajaj Finance after the company recently unveiled its long range strategy for 2025-29 with plans to leverage AI-enabled tech processes. For MS, Bajaj Finance’s TP is Rs 9,000 (+26%) and for Citi, the TP for the stock is Rs 8,000 (+12%).
Goldman Sachs has a ‘Sell’ rating Avenue Supermart (D-Mart) since the retail chain’s competitive moat is facing increasing pressure and the company is increasing price discounts to maintain competitive advantage. GS has cut D-Mart’s target price to Rs 3,425 (-8% from Wednesday’s close) from the earlier TP of Rs 4,000.
YES Securities has a ‘Add’ recommendation on CARE Ratings, driven mainly by strong earnings visibility with the domestic ratings business expected to grow at a 15-16% rate yearly. The brokerage house has a TP of Rs 1,630 (+16%).
Disclaimer: The opinions, analyses and recommendations expressed herein are those of brokerages and do not reflect the views of The Times of India. Always consult with a qualified investment advisor or financial planner before making any investment decisions.
