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Paytm, Hindalco, CEAT: Wednesday's top brokerage calls
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Paytm, Hindalco, CEAT: Wednesday's top brokerage calls
Nov 9, 2022 12:10 AM

Paytm | CLSA continues to have a 'sell' call on Paytm with a target price of Rs 650 on its shares. According to the brokerage house, the company's Q2 result is in-line with expectations and witnessed incremental profitability that is driven by lending.

Paytm | Morgan Stanley has an 'equal-weight' stance on Paytm with a target price of Rs 785 on its shares.

Hindalco | CLSA continues to have a 'buy' call on Hindalco with a target price of Rs 525 on its shares. The brokerage said the company's Q2 result is in-line with expectations but the near-term outlook looks weak. The brokerage has revised down the capex guidance for the fiscal.

CEAT | Nomura has a 'neutral' call on CEAT with a target price of Rs 1,641 on its shares. The brokerage expects the firm's volume growth of the company to normalise to 6 percent in FY24 and 5 percent in FY25.

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