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Hotels India Share: Hot Stocks: Global Broker Perspectives on Hotels India, Bharti Airtel, Adani Ports and Delhivery

Global brokerage Jefferies maintains buy rating, CLSA recommends buy and Credit Suisse downgrades Delhivery Post June quarter results.

We have collated a list of recommendations from the top global brokers from ETNow:

Jefferies Hotels in India: Buy | Target 325 Rs

Jefferies maintaining its buy rating on Hotels India publishes Q6 results with a target price of Rs 325, up more than 20% from Rs 270 recorded on Aug 8.

“The company reported a strong recovery worldwide. IHCL reported strong operating results for Q1FY23 EBITDA margin at 29.8%, the second-highest,” the broker said. two in the last decade”.

The IHCL is a powerfully turning story, the note said.

CLSA on Bharti Airtel: Buy | Target Rs 953

CLSA maintains its buy rating on Bharti Airtel following the Q6 results with a target price of Rs 953, up more than 35% from Rs 704 recorded on Aug 8.

“Q1FY23 and EBITDA revenue beat estimates. 4G and ARPU subscriber numbers grew 3% QoQ and 25% YoY,” the broker said.

Growth in the broadband and enterprise businesses was positive, while India’s 5G spectrum at 3.5GHz and 26GHz also rose well, it added.

CLSA on Adani portal: Positive | Target 792 Rs

CLSA maintained its buy rating on Adani Ports when it announced June quarter results with a target price of 792. Shares closed at Rs 801 on Aug.

The large exchange rate loss affected the reported NPAT on unresolved foreign exchange debt. Traffic is recovering rapidly, led by coal imports while growth shows a CAGR of 17%, for the period 22-25/FY said.

Shares are up 14% over the past year.

Credit Suisse on Delhivery: Downgrade to Neutral | Target 675 Rs

Credit Suisse downgraded Delhivery to neutral on the release of June quarter results with a target price of Rs 675, representing an increase of more than 5% from Rs 642 recorded on August 8.

We adjust EPS by -280/-14/-18% for FY23/24/25E, the note said. Adjusted margin down to -12.5% ​​based on use of subscales.

(Disclaimer: Recommendations, suggestions, views and opinions expressed by experts are their own. These recommendations do not represent the views of The Economic Times)

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