ICICI Securities is bullish on Jubilant Foodworks recommended buy rating on the stock with a target price of Rs 600 in its research report dated February 01, 2024.
Probal Sen believes that earnings growth for ONGC and Reliance will continue to be strong. Reliance, with its multiple growth levers from retail and telecom, is expected to have a 15% CAGR in EPS over the next three years. ONGC s production growth is becoming a reality after a lag, and realisations for both oil and gas remain high.
Indus Towers: As per Citi Research, after the latest payments, Vi’s old dues to Indus is now at Rs 5,700 crore. But, industry insiders, said this is most likely excluding the interest component on the past dues. Indus did not immediately respond to ET’s query on the total interest component on Vi’s backlog of past dues.
Given the current stock prices, the scheme appears favourable to ICICI Bank shareholders, potentially leading to resistance from ICICI Securities shareholders at the current swap ratio.