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Brokerage Radar: Jefferies bullish on Global Health, HSBC says 'Buy' to Bajaj Finance

03 Dec , 2024   By : Debdeep Gupta


Brokerage Radar: Jefferies bullish on Global Health, HSBC says 'Buy' to Bajaj Finance

Jefferies On Global Heath

Buy Call, Target At `1,170/Sh

Co Continues To Witness Steady Operations In Gurugram

Sequential Recovery Is Underway In Lucknow & Patna Hospitals Operations Remain Strong

Over the Next 5 Yrs, Co Earmarked Capex Of `2,800 Cr For Nearly 2,900 Beds Which Includes Major Projects

Delay At Indore Is A Disappointment But Co Is Exploring Other Options To Enter Market


Morgan Stanley On Gujarat Gas

Overweight Call, Target At `614/Sh

CNG Price Hike Follows Its Other Peers In Increasing Prices For Natural Gas Used For Vehicles

Current Price Hike Of 2% For CNG, Believe, Is First Of Three/Four Price Hikes In Coming Months

If Taxes For Natural Gas Are Rationalised At the State Level, May Not Need More Than One Price Hike

Prefer GAIL & Reliance Over Gujarat Gas


Citi On M&M

Buy Call, Target At `3,520/Sh

See Some Slowing In the Pace Of Growth Sequentially

Volatility In Volumes Could Also Reflect Fluctuations In Inventory

Management Noted That Healthy Reservoir Levels & Higher Msp Augur Well For Key Rabi Crops

Farmer Sentiments Are Also Positive

Good Progress In Rabi Crop Sowing & Healthy Harvest May Support Demand For Tractors


HSBC On Bajaj Finance

Buy Call, Target At `7,740/Sh

Cut FY25-27 EPS By 1-2% Due To A Cut In Fee & Interest Income As This Book Runs Down

Believe Co Offers Value At Current Valuations


HSBC On Autos

PV Retail Fell On The Back Of Shift In Festive Season

2-wheeler Retails Maintained Momentum And Grew By 16%

CV Industry Maintained Pricing Discipline Despite Weak Demand

Tractor Inventory Normalised With Higher Retail

Ola Market Share Decreased To 25%, Bajaj Was At 22%, And TVS At 23%


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