Adani Ports, Titan, among others are being tracked by investors on Monday.
Adani Ports
Brokerage: CLSA | Rating: Buy | Target: Rs 505
CLSA said that fresh capex will not hurt our argument of the company tripling its dividend. Further, investments shall be self-financing if the company can seal JV deals in time.
Varun Beverages
Brokerage: CLSA | Rating: Buy | Target: Rs 885
CLSA said that off-season makes Q4 less relevant for the firm. It also said that Q4 contributes <5% of its full-year EBITDA. It also highlighted that the firm has been able to secure the rights for more territories. New Territories & products give the firm an opportunity to expand volume & market share.
HUL
Brokerage: Deutsche Bank | Rating: Buy | Target: Rs 1,700
The global investment bank said that the firm expects Q3 volume growth of 11% to sustain. Further, it said that the company plans judicious price increase to counter inflationary pressure.
Titan
Brokerage: Deutsche Bank | Rating: Buy | Target: Rs 970
The bank said that the firm is a big beneficiary of formalisation in jewellery sector. Further, it said that it has a strategy to launch new collections every quarter.
MORE WILL UPDATE SOON!!
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