indian motels share value: Sizzling Shares: Brokerages on JSPL, Indian Accommodations and Zomato publish Q2 outcomes

International brokerage agency Citigroup maintained a purchase ranking on , Jefferies retained a purchase ranking on , and Citigroup maintained a purchase name on publish Q2 outcomes.

We’ve got collated a listing of suggestions from prime brokerage corporations from ETNow and different sources:

Citigroup on JSPL: Purchase | Goal Rs 560

Citigroup maintained a purchase ranking on JSPL with a goal of Rs 560.

“Value pressures have been seen in Q1. Standalone adjusted EBITDA fell by ~68% on a YoY foundation. There’s confidence round JSPL’s steadiness sheet and potential upsides,” the brokerage stated.

Jefferies on Indian Accommodations: Purchase | Goal Rs 380

Jefferies maintained a purchase ranking on Indian Accommodations with a goal value of Rs 380. Prime line beat, however margins have been beneath expectation, stated Jefferies.

EBITDA margins slipped to ~24% vs ~30% QoQ. On a QoQ foundation, worker prices grew by 5%, stated the observe.

Citi on Zomato: Purchase | Goal Rs 85

Citi maintained its purchase ranking on Zomato with a goal value of Rs 85.

The worldwide funding financial institution is of the view that the general 30% GOV progress charge in FY23E could be achievable. Blinkit losses declined 20% QoQ.

(Disclaimer: Suggestions, recommendations, views and opinions given by the specialists are their very own. These don’t characterize the views of Financial Occasions)

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