Broker Radar for January 14

Check out the stock commentaries and recommendations from brokerage houses.

Jan 14, 2019 02:01 IST India Infoline News Service

Buy Hold And Sell Dice Represents Stocks Strategy
CLSA maintained ‘Buy’ on Infosys and hiked TP to Rs910.
  • Stellar revenue growth, deal wins and raised guidance in December quarter.
  • Growth was broad-based led by key geographies, key verticals and digital.
  • Growth acceleration, capital return and a demand recovery merit a rerating.
PhillipCapital maintained “Buy” rating on Infosys and increased TP to Rs800.
  • Strong performance; small miss on margins in Q3FY19.
  • Expect strong revenue growth in coming quarters due to recent performance and deal flow momentum.
  • Remain positive on the back of improving business metrics and significant valuation gap to Tata Consultancy Services.
Investec maintained “Buy” on Infosys; cut TP to Rs784.
  • Solid beat on revenue; margin weakness to continue.
  • Announced buyback to restrict downsides on the stock.
  • With growth coming back, believe valuation gap with TCS to narrow.
JM Financial maintained ‘Buy’ on Avenue Supermarts with TP Rs1,740.
  • December quarter turned out to be another disappointing quarter.
  • Revenue momentum sustained quite well; store expansion quite muted.
  • The current financial year is a margin-reset year for the company with relatively ‘muted’ Ebitda growth.

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