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5 Major Target Price Changes: Ultratech, PVR, Asian Paints, Radico and Axis

ByPuneet Sikka
Published 27-01-2020, 03:05 pm
ASPN
0.30%
AXBK
0.65%
GEOJ
7.14%
RADC
1.09%
ULTC
2.20%
PVRL
1.67%

  1. HDFC Securities raised UltraTech Cement Ltd (NS:ULTC) target price from Rs. 4707 to Rs. 5600 on account of “capacity & cost leadership and balance sheet discipline.” Ultratech’s stock is trading at Rs. 4674, an increase of 0.68% in today’s trade,
  2. IDBI Capital raised PVR Ltd (NS:PVRL) target price from Rs. 1971 to Rs. 2003 on account of better than expected EBITDA earnings during its latest Q3FY20 earnings. PVR managed to add 67 screens during the first three-quarters of FY20. PVR’s stock is trading at Rs. 1962, an increase of 0.17% in today’s trade,
  3. Geojit BNP Paribas (NS:GEOJ) raised the target price of Asian Paints (NS:ASPN) from Rs. 1802 to Rs. 1884. Asian Paints produced better than expected 3QFY20 results despite slowing economic growth. The EBITDA margins improved due to benign material costs and lower other expenses. Asian Paint’s stock is trading at Rs. 1795, an increase of 0.47% in today’s trade,
  4. HDFC Securities raised the target price of Radico Khaitan (NS:RADC) from Rs. 385 to Rs. 527 due to “robust cash flow generation and deleveraging of the balance sheet.” Radico’s stock is trading at Rs. 385, an increase of 1.26% in today’s trade,
  5. HDFC Securities raised the AXIS Bank Ltd (NS:AXBK) price target from Rs. 742 to Rs. 988 largely because of stable NPLs and healthy balance sheet. Axis’s stock is trading at Rs. 741, an increase of 0.60% in today’s trade.

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