Business

zomato share price: Hot Stocks: Piramal Enterprises, Zomato and KNR Construction could give 20-40% return; here’s why

Brokerage firm Emkay initiated a buy rating for , HSBC maintained a buy offer for and maintains a buy offer for KNR Construction.

We’ve compiled a list of top brokerage firm recommendations from ETNow and other sources:

Emkay on Piramal Enterprises: Buy| Target Rs 1360| LTP Rs 955 | Up 42%

Emkay began coverage of Piramal Enterprises with a buy rating and a price target of Rs.1,360 over the next 12 months, up over 40 percent from Rs.955 as of 21st September.

The DHFL acquisition jumps into the big leagues to become a significant player in the fast-growing affordable housing segment, it said.

Retail Assets Under Management (AUM) is expected to increase to Rs 81,000 Cr over the next five years, the release said.

HSBC on Zomato: Buy| Target Rs 85| LTP Rs 63| Up 34%

HSBC maintained a Buy rating on Zomato with a target price of Rs.85, up over 34 percent from Rs.63 on Sept. 21.

The trend of improving profitability should continue, it said. Global investment bank sees Zomato on track to hit breakeven EBITDA by mid-2023E.

“Blinkit is now expanding beyond groceries. It remains positive on the long-term prospects of a hyperlocal business,” the statement said.

Motilal Oswal on KNR Construction: Buy| Target Rs 310| LTP Rs 246| Up 26%

Motilal Oswal maintained a Buy rating on KNR Construction with a target price of Rs.310, up 26 percent from Rs.246 recorded on Sep 21.

“KNRC remains net debt free and will continue to focus on asset monetization going forward. Due to the monsoon and delays in receivables from the irrigation segment, the pace of execution is likely to be slow in the near term,” MOSL said.

With 23 more projects getting underway in the later part of FY24, the pace of execution is expected to improve in FY24, he added. We expect the margin to remain stable with a reduction in input costs and the execution of some high-margin irrigation projects, the broker said.

(Disclaimer: Experts’ recommendations, suggestions, views and opinions are their own. These do not represent the views of Economic Times)

https://economictimes.indiatimes.com/markets/stocks/news/hot-stocks-piramal-enterprises-zomato-and-knr-construction-could-give-20-40-return-heres-why/articleshow/94368752.cms zomato share price: Hot Stocks: Piramal Enterprises, Zomato and KNR Construction could give 20-40% return; here’s why

Russell Falcon

Pechip.com is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@pechip.com. The content will be deleted within 24 hours.

Related Articles

Back to top button