Global View: MindTree, Piramal Enterprises and ICICI Prudential could give up to 26% return
We have collated a list of recommendations from various global brokerage firms according to a Zee Business TV report.
The Indian markets likely to consolidate on Friday tracking muted global cues, but there will be stock-specific action in which global brokerage came out with their reports on business development, or earnings outlook.
We have collated a list of recommendations from various global brokerage firms according to a Zee Business TV report:
MindTree: Equalweight| Target Rs 5100
Morgan Stanley maintained Equalweight rating on MindTree post December quarter results with a target price of Rs 5100 that translates into an upside of over 7 per cent from Rs 4744 recorded on 13th January.
The demand environment remains strong, but significant valuation premium to large-caps makes risk-to-reward balanced.
Any near-term volatility in the stock could provide a better entry point given constructive management commentary on demand, and margins.
Piramal Enterprises: Buy| Target Rs 3050
Jefferies maintained a buy rating on Piramal Enterprises with a target price of Rs 3050 that translates into an upside of over 15 per cent from Rs 2638 recorded on 13th January.
Investor interactions post-initiation suggest most investors are positive on growth in retail and agree on the fact that asset quality issues might have peaked.
In pharma, investors like the pristine compliance track record, a flexible hybrid model which auger well for the company.
ICICI Prudential Life Insurance Company: Buy| Target Rs 750
CLSA upgraded ICICI Prudential Life from outperform to buy with a target price of Rs 750 that translates into an upside of over 26 per cent from Rs 591 recorded on 13th January.
We expect ICICI Prudential to finally deliver APE growth over the medium-term, while the near-term could remain tough, said the note. SBI Life remains a top pick with a target of Rs 1800.
(Disclaimer: The views/suggestions/advices expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)
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