Elara Securities India's Optimistic Outlook on Zomato

Elara Securities India has issued a 'buy' rating for Zomato, setting a target price of Rs 300, which signifies a 40% increase. Despite the challenges faced in the Oct-Dec quarter, primarily due to losses in quick commerce and a slowdown in GMV growth within the food delivery sector, analysts remain optimistic. They argue that the emergence of e-commerce will not significantly impact quick commerce, as both sectors can coexist by catering to specific market niches.

Yes Securities Downgrades Dixon Technologies

In contrast, Yes Securities has downgraded Dixon Technologies to a 'sell' recommendation, with a target price of Rs 15,138. The analysts believe that the stock's potential has already been fully priced in, despite the company's strong growth prospects over the next few years. The downgrade reflects concerns over the risk-reward ratio, which is currently deemed unfavorable.

Prabhudas Lilladher Adjusts Stance on Mangalore Refinery & Petrochemicals

Prabhudas Lilladher has revised its rating on Mangalore Refinery & Petrochemicals from 'accumulate' to 'hold', with a target price of Rs 137, marking a 3% decrease. This adjustment comes in light of the company's robust performance in the Oct-Dec quarter, tempered by expectations of near-term market volatility.

Anand Rathi's Long-term Recommendation on Denta Water & Indra Solutions IPO

Anand Rathi Share & Stock Brokers has endorsed a 'subscribe for long term' stance on the Denta Water & Indra Solutions IPO, priced between Rs 279-294. The company aims to raise approximately Rs 221 crore, with the offer open until January 24. Analysts consider the IPO to be fairly priced, presenting a viable long-term investment opportunity.

Motilal Oswal's Positive View on APL Apollo Tubes

Motilal Oswal Financial Services has reaffirmed its 'buy' rating for APL Apollo Tubes, with a target price of Rs 1,920, indicating a 21% potential upside. The firm anticipates continued strong volume growth, driven by reduced channel inventory and increased demand for primary steel products. This demand is further bolstered by the narrowing gap between primary and secondary steel prices, with expectations of margin improvements in the upcoming months.

Disclaimer: The opinions, analyses, and recommendations provided are those of the brokerage firms and do not reflect the views of The Times of India. It is advisable to consult with a qualified investment advisor or financial planner before making any investment decisions.