2 weeks ago
Milky Mist Debuts 18% Higher; Vedanta Aluminium Gets 'Sell'
Money experts, called analysts, study companies and tell people whether buying their shares is a good idea.
They can say 'buy,' 'sell,' or 'hold.'
A dairy company called Milky Mist just sold shares to the public for the first time.
On its first day, its shares became 18 percent more valuable.
One expert group said Milky Mist shares are a good buy.
Another expert group said shares of Vedanta Aluminium, a metal company, should be sold.
A company called Blue Star, which makes cooling products, got better advice from one expert.
Many other companies also got new advice.
This helps people decide what to do with their money.
It is like getting a report card for grown-up investments.
Milky Mist listed on NSE and BSE at an 18 per cent premium over its IPO issue price.
DAM Capital Advisors issued a 'Buy' call on Milky Mist with a target price of Rs 175, implying a 25 per cent upside.
Ambit Capital initiated coverage on Vedanta Aluminium with a 'Sell' rating and a Rs 370 target, implying a 16 per cent downside.
HSBC analyst Vishal Goel upgraded Blue Star to 'Buy' from 'Hold' with a target of Rs 1,780, suggesting an 18 per cent upside.
Other calls included a 'Buy' on Praj Industries from PL Capital, a 'Buy' on Tube Investments from Axis Securities, and a downgrade of Ahluwalia Contracts to 'Reduce' by SMIFS.
- Who
- Brokerages and analysts including Ambit Capital, DAM Capital Advisors, HSBC's Vishal Goel, Cholamandalam Securities, SMIFS, YES Research, Systematix, PL Capital and Axis Securities, and the companies they covered such as Milky Mist and Vedanta Aluminium.
- What
- Brokerages issued buy, sell, upgrade and downgrade calls on several Indian stocks, while Milky Mist made its stock market debut at an 18 per cent premium.
- Where
- India, on the National Stock Exchange (NSE) and BSE where Milky Mist listed.
- When
- On the day of Milky Mist's listing on NSE and BSE, with Ambit Capital's call benchmarked to Monday's closing price.
- Why
- Brokerages issued the recommendations as they initiated or updated their coverage on the companies.
Key facts
- Milky Mist rating
- Buy (DAM Capital Advisors)
- Milky Mist target price
- Rs 175
- Milky Mist listing premium
- 18% over IPO issue price
- Vedanta Aluminium rating
- Sell (Ambit Capital)
- Vedanta Aluminium target price
- Rs 370
- Blue Star rating
- Upgraded to Buy from Hold (HSBC)
- Praj Industries rating
- Upgraded to Buy from Accumulate (PL Capital)
- Tube Investments rating
- Buy (Axis Securities)









