Fund Houses Recommendations

Ahmedabad, 22 May

Nomura on JSW Steel: Maintain Reduce on Company, target price at Rs 605/sh (Positive)

Jefferies on JSW Steel: Maintain Underperform on Company, target price at Rs 665/sh (Positive)

Nomura on Uno Minda: Maintain Buy on Company, target price at Rs 662/sh (Positive)

Nomura on Motherson Wiring: Maintain Buy on Company, target price at Rs 64/sh (Positive)

Nomura on CG Consumer: Maintain Buy on company, target price at Rs 377/sh (Positive)

Jefferies on Divis Lab: Upgrade to Buy on company, target price at Rs 3610/sh (Positive)

GS on Zomato: Maintain Buy on Company, target price at Rs 82/sh (Positive)

Nomura on Glenmark: Maintain Buy on Company, target price at Rs 633/sh (Positive)

BofA on Muthoot Fin: Maintain Neutral on company, target price at Rs 1200/sh (Positive)

MS on RBI’s announcement on withdrawal of Rs 2,000 Notes: It Will Help Banks Meet 8% Of Incremental Requirement For FY24, This Could Aid The System From A Near-term Perspective (Positive)

CLSA on RBI’s announcement on withdrawal of Rs 2,000 notes: small positive for discretionary demand (Positive)

MS on JSW Steel: Maintain Underweight on company, target price at Rs 580/sh (Neutral)

MS on Delhivery: Maintain Overweight on company, target price at Rs 370/sh (Neutral)

BofA on Delhivery: Maintain Neutral on company, target price at Rs 380/sh (Neutral)

Nomura on Zomato: Maintain Reduce on Company, target price at Rs 45/sh (Neutral)

Jefferies on Bandhan Bank: Maintain Buy on Bank, target Price at Rs 340/sh (Neutral)

Investec on Bandhan Bank: Maintain Sell on Bank, target Price at Rs 200/sh (Neutral)

technical talk at a glance

Nomura on Siemens: Downgrade to Reduce on company, raise target price at Rs 3521/sh (Neutral)

MS on MCX: Maintain Underweight on Company, cut target Price at Rs 1125/sh (Negative)

Nomura on Alkem: Downgrade to Neutral on company, cut target to Rs 3632/sh (Negative)