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Reliance, PCBL and more: Wednesday's top brokerage calls

Nov 28, 2023 11:31 PM

Siemens | UBS has maintained a 'neutral' rating on Simens with a target of Rs 3,750 per share. It says the compamy's EBITDA margin of 12.1% was better than the UBS estimate by 180 bps for the fourth quarter.

PCBL | Dam Cap has maintained a 'buy' rating on PCBL with a target of Rs 293 per share. It says the company has acquired Aquapharm Chemicals for Rs 3,800 crore, all cash. it says the deal should also reduce the associated volatility, whcih is a key positive.

Reliance | JPmorgan has maintained an 'overweight' rating on Reliance with a target of Rs 2,810 per share. It says the company's telecom and retail should help drive growth in a 12-month forward number hereon.

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