Broker call▲ Bullish for Indian equities
Top pick: Despite negative YTD return, Jefferies India says buy this hotel stock for 15% upside; Target price, rationale
The brief
- Jefferies set a ₹965 target price, implying 15% upside despite a 7% YTD correction
- A bullish hotel-stock call may draw attention to India’s hotels and travel sector
- TCS, Infosys to Wipro: Jefferies sees earnings risk while Nuvama eyes upside for IT stocks
- HDFC Bank gets new MD-CEO; stock is Jefferies India's top pick — 22% upside despite 27% dip in YTD | Target price, ratio
- Jefferies is bearish TCS, Wipro, 6 other IT stocks ahead of Q2 results. How many do you own?
- TCS, Wipro, other IT stocks rebound up to 6%, snapping 8-day losing streak. Why is Jefferies cautious?
- Jefferies sees HDFC Bank rerating potential tied to CEO succession and execution