Hot Stocks Alert: Expert Insights on Jubilant Foodworks, Trent, Grasim, Honasa, and Siemens for Investment Success!
CLSA, the renowned brokerage firm, has expressed a cautious outlook on Jubilant Foodworks, while Jeffries is optimistic about Trent and Honasa. Citi recommends buying Grasim, but Kotak Equities advises selling Siemens.
Let’s dive into the details from top brokerage recommendations featured on ETNow and other sources:
Jubilant Foodworks – CLSA predicts underperformance with a target price of Rs 445. Although sales were as expected, lower Ebitda/PAT and margin impact due to shift from dine-in to delivery were noted. Popeye’s store additions and growth at DP Eurasia bring some positivity.
Trent – Jeffries suggests holding with a target price of Rs 5,750. While revenue exceeded expectations and margins were robust, store additions were below par. The Board’s decision to tender 22% stake in Zara India at a surprising valuation raises caution due to high costs.
Grasim – Citi advises buying with a target price of Rs 3,250. Q1 results faced challenges from paint losses, but the focus remains on marketing. With hopes of narrowing holdco discount in the medium term, Grasim aims to grow its market share in paints by FY25.
Honasa – Jeffries recommends buying with a target price of Rs 545. Q1 performance was better than expected, despite revenue growth missing targets. Expectations for 20% revenue growth and margin expansion in the medium term suggest strong potential, but challenges from high competition and inventory correction persist.
Siemens – Kotak Equities maintains a sell rating with a target price of Rs 4,600. Q1 PAT fell short of expectations, indicating a weaker backlog and execution compared to peers like ABB. An order uptick may improve future performance.
Investors are encouraged to conduct their own research and consider these expert opinions as guidance. #StockMarketUpdate #InvestmentTips #BrokerageViews #ETNow #JubilantFoodworks #Trent #Grasim #Honasa #Siemens #StockMarketAnalysis #ExpertInsights.
https://economictimes.indiatimes.com/markets/stocks/news/hot-stocks-brokerage-view-on-jubilant-foodworks-trent-grasim-honasa-and-siemens/articleshow/112455348.cms