Global View: What should investors do with Burger King, SRF and Zomato?

The Indian markets fell for the fourth straight day on Monday pushing the benchmark indices below crucial support levels.

The Nifty50 is likely to see some support near 17200-17300 levels, while on the upside resistance is placed at 18000-18200 levels.

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We have collated a list of recommendations from various global brokerage firms according to a Zee Business TV report:

Burger King:

Credit Suisse initiated the rating on Burger King with an outperform rating with a target price of Rs 215, which translates into an upside of over 40 per cent from Rs 151 recorded on 22 November.

The global investment bank expects the QSRs chain (industry) to grow at 19% CAGR. It expects Burger King to remain one of the fastest-growing QSR chains in India

The recent de-rating could reserve as OOH consumption normalises.

SRF:

Jefferies maintains an underperform rating on SRF with a target price of Rs 1890. The global investment bank sees strong demand and alleviating margin pressure in the specialty chemical segment in H2.
 
The packaging film margin could see continued weakness. “We see a slowdown in earnings growth over FY21-24,” said the note.

Zomato:

Macquarie maintained an outperform rating on Zomato with a target price of Rs 183.
 
(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.)