Jefferies has shared its latest recommendations and insights on multiple stocks and sectors. Here’s a summary:
Jefferies on IOCL
- Rating: Maintain Buy
- Target Price: ₹170 (revised from ₹185)
- Key Takeaways:
- Miss on weak refining due to inventory loss and a small miss in markets.
- LPG relief could drive earnings upside.
- Cut FY25-27E EBITDA by 30%/26%/24%.
- Risk-reward remains favorable after a 30% correction in the past four months.
Jefferies on DLF
- Rating: Maintain Buy
- Target Price: ₹1,000
- Key Takeaways:
- Raised FY25 pre-sales estimates by 15% to ₹23,000 crore.
- Strong free cash flows driven by Dahlia’s launch.
- Management plans to launch its first Mumbai project in the coming weeks.
- Lease business poised for a 20% income uptick in FY26.
- Stock trading at a >25% NAV discount.
Jefferies on RBI
- Key Takeaways:
- RBI to replenish liquidity, positive for banks and NBFCs.
- Measures include ₹1.1 trillion package comprising OMO and 56-day repos plus $5 billion USD/INR swaps.
- Aims to ease tight liquidity conditions.
Disclaimer: This article is based on information provided by Jefferies and is for informational purposes only. Business Upturn does not recommend buying, selling, or holding any stock. Please consult a financial advisor before making investment decisions.
