Nomura maintains its ‘buy’ recommendation on JSW Energy after the company announced that it would acquire O2 Power for Rs 12,680 crore. Analysts have a target price of Rs 885 (+38%).
Emkay Global Finance has a ‘reduce’ recommendation on L&T Finance with a target price of Rs 150 (+11%). Analysts feel till the time the microfinance industry (in which L&T Finance has some exposure) is out of the current troubles it’s facing, investors would remain cautious on the company.
Prabhudas Lilladher has a ‘hold’ recommendation on KEC International with a target price of Rs 997 (-17%) after it announced the completion of the transfer of its cables business to KEC Asian Cables.
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. The TOI Business Desk is a vigilant and dedicated team of journal...
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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