Brokerage: CLSA | Rating: Buy | Target: Raised to Rs 1,500
The global brokerage house said that housing loan scale-up may help drive growth. Further, it sees AUM/earnings growth at 30/25 percent CAGR over FY17-20.
CESC
Brokerage: Emkay | Rating: Upgrade to Buy | Target: Raised to Rs 1,248
The brokerage house said that its demerger plan is value accretive. It also revised earnings estimates for Spencer’s by 25 percent for FY18 and 74 percent for FY19.
Thermax
Brokerage: IIFL | Rating: Add | Target: Rs 1,054
The brokerage house said that it cut EPS estimates by 6/3/3 percent for FY18/19/20. Further, it expects revenue and profit to grow at a CAGR of 14/15 percent over FY17-20.
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