1 week ago
Analyst Upgrades Lift Apollo Tyres, Narayana Hrudayalaya Shares
Analysts study companies and suggest whether investors should buy or hold their shares.
UBS became more positive about Apollo Tyres by changing its rating to Buy.
It set a target price of Rs 590, which it said represented 34% potential upside.
Investec had also recently given Apollo Tyres a Buy rating, with a Rs 520 target.
HSBC became less negative about Narayana Hrudayalaya by changing its rating from Reduce to Hold.
HSBC set a target of Rs 1,835, implying only 1.1% potential upside.
Kotak was more optimistic and rated the stock Buy with a Rs 2,350 target.
The article says Narayana Hrudayalaya had 14 Buy recommendations and no Sell recommendations.
UBS upgraded Apollo Tyres to Buy from Neutral and set a Rs 590 target, indicating 34% potential upside.
The Apollo Tyres recommendation followed Investec’s Buy rating and Rs 520 target.
HSBC upgraded Narayana Hrudayalaya to Hold from Reduce and set a Rs 1,835 target, implying 1.1% potential upside.
Kotak upgraded Narayana Hrudayalaya to Buy with a Rs 2,350 target.
Narayana Hrudayalaya had 14 Buy calls, no Sell calls, and a Bloomberg consensus target of Rs 2,270.
- Who
- UBS, Investec, HSBC, Kotak, and their analysts Pramod Kumar and Damayanti Kerai.
- What
- The brokerages changed their ratings and price targets for Apollo Tyres and Narayana Hrudayalaya.
- Where
- The article discusses the companies’ shares and analyst targets but does not specify a location.
- When
- The article does not provide a publication date; the Apollo Tyres recommendation followed Investec’s recommendation by one day.
- Why
- The brokerages revised their views on the companies and issued new target prices for investors.
More Bullish Analysts
More Cautious Analysts
Apollo Tyres outlook
More Bullish Analysts
UBS rated Apollo Tyres Buy with a Rs 590 target, while Investec also recommended Buy with a Rs 520 target.
More Cautious Analysts
The Bloomberg 12-month consensus target was Rs 499.61, below UBS’s target and indicating 11.6% potential upside.
Narayana Hrudayalaya outlook
More Bullish Analysts
Kotak upgraded the stock to Buy and set a Rs 2,350 target; the article also reported 14 Buy calls and no Sell recommendations.
More Cautious Analysts
HSBC upgraded the stock only to Hold from Reduce and set a lower Rs 1,835 target, implying 1.1% potential upside.
Key facts
- Apollo Tyres UBS rating
- Upgraded to Buy from Neutral
- Apollo Tyres UBS target
- Rs 590, implying 34% potential upside
- Apollo Tyres Investec view
- Buy rating with a Rs 520 target
- Narayana Hrudayalaya HSBC rating
- Upgraded to Hold from Reduce
- Narayana Hrudayalaya HSBC target
- Rs 1,835, implying 1.1% potential upside
- Narayana Hrudayalaya Kotak view
- Buy rating with a Rs 2,350 target
- Narayana Hrudayalaya consensus
- 14 Buy calls, no Sell calls, and a Bloomberg target of Rs 2,270
Sources
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