homemarket Newsstocks NewsMonday's top brokerage calls: Indian Hotels, NTPC, Shree Cement and Paytm

Monday's top brokerage calls: Indian Hotels, NTPC, Shree Cement and Paytm

Brokerage Radar: UBS has raised the earning estimates for Indian Hotels for the next financial year by 9-12 percent while GS has a 'neutral' rating on shares of Shree Cement. Here are top brokerage calls for this morning-

Profile image

By CNBCTV18.com May 23, 2022 8:30:46 AM IST (Updated)

Listen to the Article(6 Minutes)
Monday's top brokerage calls: Indian Hotels, NTPC, Shree Cement and Paytm
UBS on Indian Hotels

Share Market Live

View All
| The hospitality sector has noted a significant recovery in the business segment while leisure, too, continued to perform well. This accelerating recovery provides a better growth visibility.

CLSA on Steel Sector | The brokerage firm has downgraded Tata Steel to 'underperform' from 'buy' with a target cut to Rs 1,120 from Rs 1,645. CLSA noted that domestic steel prices will correct as demand-supply balance weakens. The brokerage firm also said that it sees no near-term upside catalysts for the sector.
GS on Shree Cement | The brokerage firm has noted that the increase in packing and forwarding charges will hurt profitability. The quarter 4 revenue are below expectations while volumes are marginally below its peer.
GS on Paytm | The cash burn has improved for the fintech company. The growth momentum for financial services and cloud businesses remains robust.
Jefferies on NTPC | The brokerage firm has raised the EPS estimates for FY23-24 by 2 to 3 percent as the statutory corporation recorded above expectation profits in quarter 4.

Most Read

Share Market Live

View All
Top GainersTop Losers
CurrencyCommodities
CurrencyPriceChange%Change