Brokerage take on Kotak, Federal Bank & Gail

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​JP Morgan on Kotak Bank
1/5

​JP Morgan on Kotak Bank

JP Morgan maintains an Overweight rating on Kotak Mahindra Bank with a target price at Rs 1,750 per share. The brokerage said growth moderates and AQ shows slight blip. The liability build-out remains impressive while the fee growth was relatively tepid. The bank can sustain its premium valuations, the brokerage said.

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​Macquarie on Cement
2/5

​Macquarie on Cement

Price hikes are holding up for cement and more such hikes are likely in January 2020. The costs are likely to remain benign, and the near-term margin outlook is healthy for the sector. The demand too has seen some strength in select regions. The brokerage maintains Outperform rating on Ultratech, Shree Cement and ACC.

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Kotak Securities on Federal Bank
3/5

Kotak Securities on Federal Bank

Kotak Securities maintains Buy rating on Federal Bank with a target price of Rs 120 per share. The bank reported solid earnings growth. The brokerage sees a gradual recovery in RoEs. The bank's asset quality holds up well and is better than peers, it said.

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​Citi on Kotak Bank
4/5

​Citi on Kotak Bank

Citi maintains a Neutral rating on Kotak Mahindra Bank with a target price of Rs 1,860 per share. The loan growth was moderate and the NIM improved. The NPA and credit costs rose from a low base. Citi expects Kotak Bank to maintain its conservative stance.

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​CLSA on Gail
5/5

​CLSA on Gail

CLSA maintains Buy rating on Gail with a target price of Rs 180 per share. There are multiple triggers for the stock in 2020, mainly the rising gas volume and reforms, it said. "New projects will drive up gas transmission volume and it is a play on India’s gas story and is trading at a 10-year low valuation," the brokerage added.

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