Stocks to Buy: Nomura bets on these three companies for up to 31% upside
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Nomura initiated buy ratings on One97 Communications, Dhoot Transmission, and Bharti Hexacom on Thursday, October 15.
- ✓The firm said Paytm has gone from stock facing a regulatory shock to one on a structural rebound.
- ✓These three companies show up to 31% upside potential, as Nomura expects strong growth for them.
Story at a Glance
- Category
- BUSINESS
- Reported By
- CNBC TV18
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
Shares of One97 Communications Ltd. or Paytm, Dhoot Transmission Ltd. and Bharti Hexacom Ltd. are the three latest names where global investment banking firm Nomura has bet on in three separate notes on Thursday, October 15.
Nomura has initiated coverage on all three names with a "buy" recommendation and the highest upside potential among the three names is 31% from Wednesday's closing price.
Nomura's Paytm Target Above IPO Price
Nomura has initiated coverage on Paytm with a "buy" rating and a price target of ₹2,250, which is above the company's IPO price of ₹2,150. The price target indicates an upside potential of 31.4% from current levels and is the highest among Nomura's three initiations on Thursday.
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CNBC TV18
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