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Policy Bazaar Stock Price: Hot Stocks: Brokers on Paytm, Policy Bazaar, Titan Company and The Phoenix Mills


Brokerage firm BofA Securities maintains its neutral opinion on , Macquarie has a better rating on , and maintains its buy recommendation on The .

We have collated a list of recommendations from top brokers from ETNow and other sources:

BofA on Fintech: Policy fair and Paytm
BofA Securities maintains a neutral stance on Paytm. It disbursed loans worth Rs3,665 crore ($443 million) in December.

Consumer engagement on the Paytm Super App was at its highest with an average monthly transaction user (MTU) of 85 million for the quarter ending December 2022, an increase of 32% year over year. .

The Reserve Bank of India (RBI) has approved the appointment of veteran banker Surinder Chawla as Chief Executive Officer and Chief Executive Officer.

The global investment bank sees the potential to surprise with lower losses. payment and

to demonstrate a good focus on cost control, it said.

It is expected that Paytm’s adjusted EBITDA loss will be reduced to Rs 100 crore. Maintains a Neutral rating on Paytm based on balanced risk-reward, the global brokerage added. PB Fintech headed for another good quarter with good growth and lower losses, it said.

Macquarie on Company: Outstanding| Target 3250 Rs
Macquarie maintains an outperform rating on Titan Company with a target price of Rs 3250. The company reported healthy growth in jewelry and watches in the third quarter.

Weaker-than-expected store additions are the bottom line. The global investment bank increased its EPS for fiscal year 23/24/25E by 2% per annum based on sales strength.

The pre-Q3 update reaffirms the resilience of Titan consumer demand, the note said.

ICICI Stocks on Phoenix Mills: Buy| Target Rs 1419
ICICI Securities maintains a buy rating on Phoenix Mills with a target of Rs 1419. Phoenix Mills (PHNX) saw like-to-like (LTL) consumption on December 22 across malls at Rs 8.2 billion or 108% from the level of May 19. twelfth.

We maintain our BUY rating with an unchanged target price of Rs 1,648 per share, taking into account the new Surat mall and retain a 20% premium for the March 23 NAV of Rs 1,374 per share. when looking at opportunities from capital investment in new office and shopping malls.

The brokerage firm said the main risk is a new Covid wave affecting consumption and reducing occupancy and rental rates of the mall.

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

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