L&T: A Strong Buy According to Macquarie
Foreign brokerage house Macquarie has placed an 'outperform' call on L&T with a target price of Rs 4,210, reflecting a potential 9% increase. Analysts are optimistic about L&T's prospects in West Asia's E&C sector and anticipate a boost in central government capex.
Rallis India: A Sell Call from Antique Stock Broking
Antique Stock Broking has issued a 'sell' call on Rallis India with a target price of Rs 310, indicating a possible 3% decrease. Despite Rallis India's plans to enhance its portfolio and marketing, analysts believe these improvements are already priced in.
Axis Capital's Buy Recommendations in Indian Hospitality
Axis Capital has initiated coverage on Indian Hotels, Chalet Hotels, Juniper Hotels, and Lemon Tree Hotels with 'buy' and 'add' recommendations. The brokerage firm forecasts a prolonged upcycle in the Indian hotel industry due to lower supply additions compared to demand.
IIFL Securities' Buy Rating on Star Health & Allied Insurance
IIFL Securities has a 'buy' rating on Star Health & Allied Insurance with a target price of Rs 700, suggesting a 53% increase. The insurer's planned price hikes and sequential improvement in loss ratios are key factors for this recommendation.
Emkay Global's Meeting with Asia-Based Investors
Emkay Global recently met with Asia-based foreign investors in India, discussing concerns over sub-par growth, limited policy support, and potential risks in RBI's forex management. The deteriorating fiscal profile of the general government, led by states' freebies, was also a major topic.
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