3 weeks ago

Macquarie rates Trent, PB Fintech, Marico, Avalon, UNO Minda 'Outperform'

Macquarie rates Trent, PB Fintech, Marico, Avalon, UNO Minda 'Outperform'
Trent, PB Fintech to Marico: Macquarie rates 5 stocks ‘Outperform’ — Check revised target price · financialexpress.com

There are people called stock analysts whose job is to guess how well companies will do in the future.

A big research company called Macquarie studied five companies in India.

It said it thinks all five companies — Trent, PB Fintech, Marico, Avalon Technologies and UNO Minda — will do better than most others.

Analysts call this an 'Outperform' rating.

Macquarie also shared a guess for what each company's share price could reach in one year.

For two companies, Avalon Technologies and Marico, Macquarie raised its price guess because they did really well recently.

Trent, which runs Zudio stores, earned more money than expected in the first quarter.

UNO Minda, which makes car parts, saw its electric-vehicle business grow very fast — 78% in just one year.

Macquarie believes these companies have strong demand, growing businesses and good plans for the future.

Key facts

Brokerage
Macquarie
Rating
'Outperform' on all five stocks
Trent target price
Rs 3,600 (15.9% implied upside)
PB Fintech target price
Rs 1,950 (19.6% implied upside)
Marico target price
Rs 965 (11.1% implied upside)
Avalon Technologies target price
Rs 2,050 (15.6% implied upside)
UNO Minda target price
Rs 1,383 (13.3% implied upside)
UNO Minda green mobility growth
78% year on year

Quotes

Macquarie analyst

Research analyst at Macquarie Capital

“We like the industry‑leading 11% volume growth and see potential tailwinds from continued volume strength in Parachute, stronger acceptance of shampoos, and continued strength in value‑added hair oils, digital portfolio and foods.”
financialexpress.com
“While the current performance increases our confidence in Trent’s ability to navigate periods of moderate growth, we believe greater clarity on sales growth momentum is key to near‑term performance.”
financialexpress.com

Sources

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