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Paytm wins another fan. Jefferies screams buy with target price of Rs 1,300

Economic TimesEconomic Times · 1y ago
Paytm wins another fan. Jefferies screams buy with target price of Rs 1,300
Medial

Jefferies has initiated coverage on Paytm with a buy rating and a target price of Rs 1,300, confident that the company will become one of the large profitable fintechs globally in the next four quarters. Paytm's stock has rallied around 80% this year, and Jefferies analysts expect the company to achieve strong growth, double-digit EBITDA margins, and stable profitability. They estimate a target price of Rs 1,300 based on DCF valuation methodology and growth assumptions. Paytm's revenues have tripled in the past two years, and the company is expected to turn profitable by 3QFY25 and generate sustained growth in accounting profits thereafter.

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Trade Spotlight: How should you trade SBI Life, KPIT Tech, Petronet LNG, Colgate, Jindal Steel and others on Friday?

Money ControlMoney Control · 10m ago
Trade Spotlight: How should you trade SBI Life, KPIT Tech, Petronet LNG, Colgate, Jindal Steel and others on Friday?
Medial

- SBI Life Insurance Company: Consolidation within a rangebound structure suggests a bullish continuation chart pattern. Buy with a target of Rs 1,940 and a stop-loss of Rs 1,750. - Hindustan Zinc: Trading in a rangebound mode, likely to break out of its rectangle formation for a new upward move. Buy with a target of Rs 560 and a stop-loss of Rs 500. - KPIT Technologies: Trading near multiple support zones, rebound expected to gain further bullish momentum. Buy with a target of Rs 1,790 and a stop-loss of Rs 1,610. - Petronet LNG: Rounding bottom formation, crossed 50 DEMA, bullish Marubozu candle implies dominance by bulls. Buy with a target of Rs 390 and a stop-loss of Rs 352. - Tata Chemicals: Broke out of falling supply trendline, buying interest visible in the chemicals space. Buy with a target of Rs 1,185 and a stop-loss of Rs 1,105. - Colgate Palmolive: Strong uptrend, bullish candle formation, positive RSI indicating ongoing upward move. Buy with a target of Rs 4,000 and a stop-loss of Rs 3,750. - Infibeam Avenues: Broke out of ascending triangle with increased volume, RSI trending upward. Buy with targets of Rs 40 and Rs 45, and a stop-loss at Rs 29. - JK Paper: Taking support from the rising trendline, potential breakout with increased volume. Buy with targets of Rs 560 and Rs 600, and a stop-loss at Rs 420. - HBL Power Systems: Showing reversal signs, increased volume, potential for breakout. Buy with targets of Rs 800 and Rs 840, and a stop-loss at Rs 580. - Jindal Steel and Power: In fifth impulsive wave, price trading above moving averages, increasing volume. Buy with targets of Rs 1,100 and Rs 1,300, and a stop-loss at Rs 999. - BF Utilities: Took support at Fibonacci level, increasing volume on buying days, positive RSI. Buy with targets of Rs 1,150 and Rs 1,320, and a stop-loss at Rs 890.

Why Jefferies sees 50% upside in a healthcare distributor that listed at a discount

Money ControlMoney Control · 1y ago
Why Jefferies sees 50% upside in a healthcare distributor that listed at a discount
Medial

Jefferies predicts a 50% upside for Entero Healthcare Solutions, a healthcare product distributor. The brokerage firm initiated coverage on the stock with a buy recommendation and stated that Entero is well-positioned to achieve organic revenue growth that is twice the industry's pace over FY24-26E. Jefferies estimated a potential revenue growth of 44% and PAT growth of 8x over the same period, along with economies of scale. The analysts mentioned Entero's distribution network, strong technology platform, and potential for industry consolidation as factors contributing to its positive outlook. The price target set for Entero is Rs 1,510, with the stock closing at Rs 1,000 on April 10.

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