5 'Buy' recommendations by Jefferies with 13% to 31% upside potential
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- ✓Global investment bank Jefferies has 'Buy' ratings on five stocks, with upside ranging from 13% to 31%.
- ✓These recommendations span sectors like cables, chemicals, jewellery, and wealth management.
- ✓Jefferies said the management's commentary for Kalyan Jewellers was "quite confident," adding that the festive season is going strong and better than expectations.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Financial Express
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Global investment bank Jefferies has 'Buy' ratings on five stocks, with upside ranging from 13% to 31%. The stocks span sectors including cables and wires, chemicals, jewellery, and wealth management.
Here are the five recommendations and Jefferies' investment rationale behind it:
Finolex Cables
Jefferies has a 'Buy' rating on Finolex Cables with a target price of Rs 1,525 apiece, implying an upside of 21% from the current market price of Rs 1,261.
The company posted robust earnings for the September quarter, with revenue and EBITDA surging 65% and 116% YoY, respectively. Its electricals' growth was driven by multiple price hikes in the last 12 months to pass on higher copper prices. Despite the stock rallying 55% this year, it trades at a steep discount to its peers, Jefferies said.
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Financial Express
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This brief is for information only and is not investment advice. ArthNow is not a SEBI-registered investment adviser and does not publish buy or sell recommendations. Original reporting is credited to the publisher named above. Read our editorial policy or report an error.