Share brokerage report: Major brokerage firms have issued their latest calls on Paytm, Nykaa and Coal India.
What investors will do in Paytm
Brokerage firm Macquarie has advised investors to stay away from Paytm stocks. At the same time, the purchase target has been reduced from Rs 700 to Rs 450. The brokerage firm says don’t invest in Paytm right now and stay away from it. Also, Morgan Stanley has maintained an equal weight rating and set a target price of Rs 935.
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Brokerage report on Nykaa
The brokerage company suggested buying Jefferies and set a target price of Rs 1650 for the purchase. According to the brokerage company, growth and profit are expected in the company. In addition, the company is also focusing on EBITDA margins.
What is the target on Coal India?
Brokerage firm JPMorgan has maintained its overweight rating and raised its buying target from Rs 238 to Rs 265. According to brokerage company sources, the share of this stock is 6 percent on the basis of earnings.
(Disclaimer: Investment advice here is provided by a brokerage house / expert. This is not a G-Business opinion. Consult your advisor before investing.)