Hot Stocks: Brokerages on Entero, CreditAccess, Bharti Hexacom, Interglobe and PVR

Brokerages Jefferies, Goldman Sachs and JM Financial have initiated coverage on Entero Healthcare, CreditAccess and Bharti Hexacom, respectively. Meanwhile, Axis Capital and Investec have downgraded InterGlobe Aviation. CLSA has retained a buy on PVR Inox.

We have collated a list of recommendations from top brokerage firms from ETNow:

Jefferies on Entero Healthcare: Buy | Target: Rs 1,510

Jefferies has initiated coverage on Entero Healthcare Solutions with a buy rating and a price target of Rs 1,510. This is a 50% upside from the current levels. The US brokerage expects a 20%+ organic revenue CAGR over FY 2024-26 while a 44% revenue CAGR and 8X increase in adjusted net profit over the same period. The company will benefit from industry consolidation and economies of scale, this brokerage opined.

Goldman Sachs on CreditAccess Grameen: Buy | Target: Rs 1,788

Goldman Sach has initiated a buy rating on CreditAccess Grameen for a price target of Rs 1,788, which implies an upside of 25%. The stock is currently riding an up-cycle and the company’s diversification will likely improve its visibility, Goldman said, which forecasts a healthy 21% PAT CAGR over FY2024-FY26E on a strong lending CAGR of 24%. The stock currently trades at 2.7x P/B and 12x P/E FY25E which is at a discount of 27% to NBFCs within its coverage.