Analyst Calls: Magma Fincorp, Eicher Motors, Amara Raja, Power Grid
CLSA has retained buy rating on Dr Lal Pathlabs and increased target price to Rs 1,800 from Rs 1,330. Good morning!
The domestic stock market on Monday showed early signs of a possible breakout from its consolidation range. And Nifty futures on Singapore traded 13.50 points lower this morning, signalling a tepid start for Dalal Street.
As you head for the day’s trade, here is a compilation of overnight analyst calls on various stocks.
• Ambit Capital has maintained buy rating on Magma Fincorp and lowered target price to Rs 59 from Rs 68. Poor track record of execution, deteriorating asset quality and lack of pricing power expose Magma to vagaries of market liquidity crunch, said Ambit. Shrinking margin profile with poor levers around growth would continue to keep RoA/ RoE muted. But Ma ...