We recommend a BUY on the stock and value the company at 23x multiple to its FY27E earnings to arrive at a TP of Rs 3,565/share, implying an upside of 11% from the CMP.
Asian markets are trading in the red as investors continue to rotate out of technology stocks, while remaining cautious ahead of President Trump's address. The Nikkei, Hang Seng, and Shanghai are trading lower by 1.22%, 0.68%, and 0.27%, respectively.
Asian markets are trading in the green as investors assess Japan's trade data while remaining cautious on global macro cues. The Nikkei, Hang Seng, and Shanghai are trading higher by 0.18%, 0.15%, and 0.20%, respectively.
Asian markets are trading lower as the AI sell-off on Wall Street continues. The Nikkei, Hang Seng, and Shanghai are trading down by 1.16%, 0.87%, and 0.65%, respectively.
Asian markets are trading mixed and cautiously as investors assess the impact of recent U.S. market moves and await regional economic data. The Hang Seng and Nikkei are trading higher by approximately 0.78% and 1.00%, respectively, while the Shanghai Composite is trading slightly lower by about 0.46
Asian markets are trading positively across the board after the Fed rate cut. The Hang Seng is trading higher by 0.90%, while the Nikkei and Shanghai are trading slightly lower by 0.18% and 0.02%, respectively.
Asian markets are trading in the red as investors remain cautious, awaiting signals from the Federal Reserve on interest rate policy. The Hang Seng, Nikkei and Shanghai Composite are trading lower by 0.35%, 0.57%, and 0.63%, respectively.
We recommend a BUY on the stock and value the company at 38x multiple to its FY27E earnings to arrive at a TP of Rs 2,300/share, implying an upside of 18% from the CMP.
Asian markets are trading in the red as investors turn cautious ahead of this week's U.S. Federal Reserve meeting. Concerns are rising that even if the Fed delivers its expected rate cut, the forward guidance may be less dovish. Additionally, weak cues from Wall Street and elevated U.S.
Asian markets are trading mixed as investors await China's trade data due later in the day. The Hang Seng and Shanghai Composite are trading positively by 0.03% and 0.31%, respectively, while the Nikkei is trading down 0.21%.
Asian markets are trading lower following a subdued Wall Street session. Nikkei, Hang Seng and the Shanghai Composite are trading down by 1.33%, 0.51% and 0.11%, respectively.