Brokerage Radar: Maruti, ITC & IndiGo
1/2
ITC
Macquire
Maintains Outperform Rating, Target at Rs 376/share
Concerns on market share loss overdone
Cigarette volume growth at ~3% YoY for Q2
Increases FY19-22E EPS by ~8% on a/c of lower corporate tax
Maintains Outperform Rating, Target at Rs 376/share
Concerns on market share loss overdone
Cigarette volume growth at ~3% YoY for Q2
Increases FY19-22E EPS by ~8% on a/c of lower corporate tax
2/2
BANDHAN BANK
Macquarie
Maintains Underperform Rating, Target at Rs 425/share
Remains anti-consensus, high-conviction Underperform
Prefers ICICI, HDFC Bank & Axis Bank
Maintains Underperform Rating, Target at Rs 425/share
Remains anti-consensus, high-conviction Underperform
Prefers ICICI, HDFC Bank & Axis Bank