Global brokerage firms have maintained their ratings on Apollo Hospitals, Prestige Estates and Bharti Airtel, while City Union Bank has been downgraded to Neutral. Jefferies has a buy rating on Apollo Hospitals and Prestige Estates, with target prices of Rs 5300 and Rs 560 respectively. Meanwhile, CLSA has maintained a buy rating on Bharti Airtel, with a target price of Rs 140. Macquarie has downgraded City Union Bank to Neutral, with a target price of Rs 140, citing weaker growth and ROA inconsistencies.
Private sector banks set to generate Alpha in 2025: Radhika Gupta
Radhika Gupta of Edelweiss MF highlights the re-rating of India’s stock market, particularly noting the potential in consumption stocks despite their higher PE multiples. She
February 6, 2025