Goldman Sachs A ‘buy’ is recommended on Tent With a target price of Rs 8,120. Analysts said that during the Jan-Mar-Mart Quarter, there was a great positive surprise in the addition of the store. ZudioThey feel that the store adds acceleration to FY25, the trust of investors should revive. He believes that the store’s store has a long runway in terms of store penetration as well as price market share.
JP Morgan But there is a ‘more weight’ rating Hindalco With a target price of Rs 670. Analysts stated that Hindalco’s aluminum smelter expansion was under execution and additional projects under assessment to take a total capacity of 2 million tonnes per year for a long time. In addition, there are expansion projects under execution including alumina refinery and copper smelter.
HDFC Securities’s FSN E-Commerce Ventures (NYKAA) has a ‘add’ rating with a target price of Rs 180. Analysts feel that NYKAA remains a skilled online business. There is a work on fashion progress. After two years of improvement, the assessment now looks delicious.
NUVAMA institutional equities have upgraded Star Health and Allied Insurance with a target price of Rs 440 to ‘buy’. Analysts stated that the company’s management is rearranging retail portfolio and underlining the group business to improve the loss ratio. Its fresh retail business is constantly increasing and better premium renewal ratio is expected to improve. They also feel that Star Health is well deployed with low cost of management ratio at 33%, harassing a significant edge as a regulator probe.
Bajaj Broking has a ‘purchase’ rating on Zagal Prepaid Ocean Services with a target price of Rs 456. Analysts feel that the company is well deployed in India’s rapidly growing Fintech sector, supported by strong banking partnerships, diverse revenue streams and an aggressive expansion strategy. The company targets 58–63% revenue growth, inspired by corporate adoption, and aims to obtain 15–16% Ebitda margin within four years, which focuses on profitability. Zaggle offers a compelling investment opportunity at current prices.
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