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IndiGo, Concor and more: Thursday's top brokerage calls
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IndiGo, Concor and more: Thursday's top brokerage calls
Sep 13, 2023 11:02 PM

Sugar | DAM Capital has initiated 'buy' ratings on sugar stocks — Balrampur Chini, Triveni Engineering, Dalmia Sugar, Dwarikesh Sugar. It expects sugar companies to witness strong earnings growth for Fy23 to FY26.

Concor | Jefferies has maintained a 'buy' rating on Concor with a target of Rs 825 from its previous target of Rs 775. It believes the company should start regaining lost market share as the DFC network presence pays off.

Macrotech Developers | Jefferies has maintained a 'buy' rating on Macrotech with a target of Rs 860 per share. It says the company's pre-sales and cash collection targets for this fiscal are on track.

IT | Bernstein says selective large caps look better positioned than midcaps as it looks into FY25. It adds stocks like TCS and Infosys demonstrate a rare combination of good growth and strong margin.

IndiGo | UBS has maintained a 'buy' rating on InterGlobe Aviation, the parent company of IndiGo Airlines, with a target of Rs 3,300. It says the P&W issue is larger than expected. It also expects the airline to report a minor net loss in the second quarter compared to estimates of the profit after tax (PAT) breakdown.

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