Stocks To Buy Today, Share Price Target: ICICI Bank, Indian Oil, Trent, UltraTech, M&M and more
stocks to buy today, share price target: icici bank, indian oil, trent, ultratech, m&m and more
Money Making Ideas Today, Hot Stocks on April 30, 2024: Shares of several companies including ICICI Bank, IOC, Trent, Ultratech, and M&M, among others will be in focus today on April 30 (Tuesday).
Share Price Target Today, Stocks To Buy Today, Money Making Ideas Today
ET NOW Panellist Nooresh Merani has recommended three stocks – ICICI Bank, IOC and Godrej Industries.
ICICI Bank Share Price Target 2024: Rs 1250; Stop Loss – Rs 1110
IOC Share Price Target 2024: Rs 200; Stop Loss – Rs 173
Godrej Industries Share Price Target 2024: Rs 1050; Stop Loss – Rs 880
Ultratech Share Price Target 2024:
Bernstein has maintained a market-perform rating with a hike in target price to Rs 9006 from Rs 8899. “Decent numbers, management confident of profitability improvement. EBITDA per tonne-better than our estimates and management confident of a rise. Still see risks to cement price sustenance (also considering the big supply), but keep an eye on consolidation,” the brokerage said.
Meanwhile, Goldman Sachs has maintained a Buy rating with a target price of Rs 10,700. “Good quarter, cost leadership offset pricing weakness. Industry fundamentals remain challenged near term. Think the medium-term demand outlook is strong. Ultratech is only Buy in the sector,” the brokerage stated.
Trent Share Price Target 2024:
Antique has upgraded the rating from Hold to BUY. It also hike the target price to Rs 4876 from Rs 3771. “All round outperformance warrants earnings upgrade and re-rating. Rpbust revenue growth at a healthy 37 per cent on a 5-year CAGR basis. Gross margin expansion drove profitability. Accelerated store expansion continues. Raise EBITDA estimates by 22 per cent/35 per cent for FY25/26. Expect strong growth driven by aggressive store expansion of Zudio and improvement in profitability due to operating leverage,” the brokerage firm said.
Macrotech Share Price Target 2024:
Morgan Stanley has maintained an Equal-weight rating with a hike in target price to Rs 1230 from 1050. “Raising target on the back of higher EBITDA margin on pre-sales. Recent success in Bangalore and QIP has de-risked the business model. See steady compounding – 20 per cent sales growth and 20 per cent ROE – without high gearing. Yet we prefer companies that are growing faster,” the brokerage firm added.
M&M Share Price Target 2024:
Investec has maintained a Buy rating with a target price of Rs 2200. The brokerage firm said that XUV3XO will further strengthen SUV franchise. “Launch to help improve compact SUV market share, thus further strengthen overall UV franchise. M&M top pick due to its strong earnings momentum driven by successful product launches,” the brokerage added.
RISE with India – FOLLOW ET NOW WhatsApp channel!
https://whatsapp.com/channel/0029Va7OSzxA2pL8ezY1aw1K
ET NOW WhatsApp channel gives you all Stock Market Details, Money Making Ideas, IPO News, Mutual Funds SIP News, Income Tax and other news right on your mobile screen!