Axis Financial institution, Hero MotoCorp, HPCL: Prime Brokerage Calls on Friday

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Nomura has positioned a ‘purchase’ name on Axis Financial institution with a goal value of Rs 1,020 on its shares, whereas CLSA has positioned an ‘outperform’ name on HPCL with a revised goal value of Rs 235 on its shares.

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Axis Financial institution | Nomura has positioned a ‘purchase’ name on Axis Financial institution with a goal value of Rs 1,020 on its shares. In response to the brokerage home, the corporate’s administration is bullish on the stability sheet transition and has reiterated its long-term steerage of sustaining a internet curiosity margin (NIM) of three.8 per cent.

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Larsen & Toubro | Nomura has positioned a ‘purchase’ name on Larsen & Toubro with a goal value of Rs 2,425 on its shares. In response to the brokerage home, the corporate’s manufacturing prospects and divestment prospects are strengthening.

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Hero Motocorp | Jefferies has positioned a ‘Purchase’ name on its shares on Hero MotoCorp with a goal value of Rs 3000. In response to the brokerage home, the corporate’s second-quarter EBITDA fell 3 per cent year-on-year (YoY) and volumes fell one per cent year-on-year (YoY).

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HPCL | CLSA has made ‘Outperform’ name on its shares on HPCL with a revised goal value of Rs 235. In response to the brokerage home, the corporate’s internet loss is 32 per cent on account of big advertising and marketing losses. The brokerage, nonetheless, stated that the compensation from the federal government has restricted the losses.



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