Shares of PayTM, Dixon Technologies, KEI Industries, Colgate-Palmolive, BlueJet, and others will be in focus on July 23 following multiple brokerage updates. Fund houses have largely maintained their ratings across companies, with some revising their target prices upward or downward depending on the company-specific outlook.
PayTM witnessed a flurry of updates. Jefferies upgraded the stock to Buy and raised the target price to ₹1,250 per share, citing a positive outlook. Citi also maintained its Buy rating and revised the target to ₹1,215. Bernstein retained Outperform and raised the target to ₹1,100. BofA kept a Neutral stance but raised the target to ₹1,160. MOSL maintained Buy with a new target of ₹1,025. UBS remained Neutral with a target of ₹1,100, while Macquarie kept an Underperform rating with a target price of ₹760.
Dixon Technologies also saw widespread coverage. MOSL retained a Buy with a raised target of ₹22,100. Nomura echoed the positive stance with a Buy rating and a target of ₹21,154. JP Morgan maintained Overweight with a target of ₹19,500. However, MS and GS had a more cautious tone—MS maintained Underweight with a target of ₹11,563, and GS kept a Sell with a target of ₹11,110.
KEI Industries received a positive note from Morgan Stanley, which maintained its Overweight rating and raised the target price to ₹4,300.
Colgate-Palmolive was marked by bearish sentiment across most brokerages. Citi, GS, and HSBC all maintained a Sell call, cutting their target prices to ₹2,175, ₹2,300, and ₹2,600 respectively. MOSL retained Neutral with a revised target of ₹2,550, while JP Morgan remained the lone optimist with an Overweight call but still trimmed the target to ₹2,675.
BlueJet drew a positive note from Macquarie, which maintained its Buy rating and set a target price of ₹1,000.
Other notable updates:
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JSW Infrastructure: Jefferies maintained Buy, target at ₹375.
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Adani Enterprises: Jefferies maintained Buy, target at ₹3,000.
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Tata Communications: Macquarie retained Outperform, raising the target to ₹2,210.
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MGL (Mahanagar Gas): Citi maintained Buy with a ₹1,700 target, while JP Morgan remained Neutral at ₹1,350.
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Oberoi Realty: Mixed sentiment with Nomura retaining Buy at ₹2,000, MOSL Neutral at ₹1,878, and HSBC Hold at ₹1,910.
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M&M Financial: Macquarie maintained Hold, target at ₹235.
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Dalmia Bharat: Morgan Stanley retained Underweight with a ₹1,800 target.
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Kajaria Ceramics: Goldman Sachs retained Buy and raised the target to ₹1,032.
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Zee Entertainment (ZEEL): UBS maintained Neutral, target price at ₹140.
Disclaimer: The brokerage views expressed above are solely those of the respective firms. They do not represent the opinion of this publication and should not be construed as investment advice. Please consult your financial advisor before making any investment decisions.
