Friday's top brokerage calls: Paytm, Pidilite, Power Grid and Cummins
SUMMARY
Macquarie maintains 'underperform' rating on Paytm with a target price of Rs 450 whereas CS maintains an 'outperform' call on the shares of Cummins with a revised target price of Rs 1,475. Here are the top brokerage calls for the day
By CNBCTV18.com Aug 12, 2022 8:31:03 AM IST (Published)
Macquarie on Paytm | Macquarie maintains 'underperform' rating on the shares of Paytm with a target price of Rs 450. The brokerage house notes that new RBI norms could add operational complexity to BNPL business.
Macquarie on Pidilite | Macquarie maintains 'underperform' rating on the shares of Pidilite with a target price of Rs 2,025. The brokerage house says that the key takeaways from the conference call were near-term margin concerns.
Credit Suisse on Power Grid | CS maintains a 'neutral' stance on the shares of Power Grid with a revised target price of Rs 210. CS says that the combination of valuation and growth may still be relatively weak.
Credit Suisse on Cummins | CS maintains 'outperform' rating on the shares of Cummins with a revised target price of Rs 1,475. The brokerage house says that the stock continues to look attractive at 30xFY24e.
