7 'Buy' recommendations by Jefferies with 9% to 51% upside potential
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- ✓Global investment bank Jefferies issued 'Buy' ratings on seven stocks, predicting upside potential between 9% and 51%.
- ✓The firm highlighted Tata Steel, Voltas, Divi's Laboratories, and Bharti Hexacom among its top picks.
- ✓Jefferies said, "Divi remains the best-in-class CRDMO franchise," noting high growth visibility for many potential blockbuster pipeline products.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Financial Express
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
Global investment bank Jefferies has 'Buy' ratings on seven stocks, with upside ranging from 9% to 51%. The stocks span sectors including metals, food chains, consumer durables, and pharmaceuticals.
Here are the seven recommendations and Jefferies' investment rationale behind it:
Tata Steel
Jefferies has a 'Buy' rating on Tata Steel with a target price of Rs 240 apiece, implying an upside of 30% from the current market price of Rs 185.24.
Jefferies raises its FY27-29 earnings per shrew (EPS) view by 2-5% on higher India prices and higher Netherlands profitability, partly offset by weaker UK profitability.
Rise in domestic steel prices will support margins hereon. The company expects realisations in India to rise by Rs 3,500 sequentially in the December quarter, which should more than offset the $15 higher coking coal and should drive a margin expansion ahead. However, Regulatory challenges in the Netherlands around coke and gas plant closures and steel slag management persist, 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.