Citi has put a ‘buy’ recommendation on Vodafone Idea after the recent govt decision to waive off the bank guarantee requirement for spectrum acquired in past auctions. It has a price target of Rs 13 (+67%).
BofA Securities has reiterated its ‘underperform’ rating on Indiamart Intermesh with a cut in target price to Rs 2,010 (-11%), from its earlier target price of Rs 2,170. Analysts expect IndiaMart to report another weak quarter on the back of sustained high churn and softer collections impacting revenue growth.
Goldman Sachs has a ‘buy’ recommendation on UltraTech Cement with a target price of Rs 12,460 (+10%).
JP Morgan has a ‘maintain overweight’ rating on Cholamadalam Investment & Finance with a target price of Rs 1,550 (+28%).
For 2025, Bajaj Broking’s top picks include Prestige Estates (Target price: Rs 2,290; +37); Hudco (TP: Rs 314; +39%) and Laurus Lab (TP: Rs 710; +21%).
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.
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Read MoreThe TOI Business Desk is a vigilant and dedicated team of journalists committed to delivering the latest and most relevant business news from around the world to readers of The Times of India. The primary focus of the TOI Business Desk is to keep a watchful eye on the global business landscape, covering a wide spectrum of industries, markets, economic trends, in-depth analysis, exclusive reports and breaking stories that impact businesses and economies. With a mission to provide valuable insights and updates, the desk ensures that TOI readers are well-informed about the ever-changing and dynamic world of commerce and can navigate the complexities of the business world.
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