policybazaar share price: What Morgan Stanley says on PB Fintech & Jefferies on M&M

0

Morgan Stanley has remained overweight on () following in-line March quarter results. Jefferies has maintained its underperform rating on Mahindra & Mahindra while CLSA has maintained sell on as it feels that while Q4 Ebitda was in line, uncertainty will drive the stock’s underperformance.

On PB Fintech, Morgan Stanley has a target of Rs 945 as it believes that productivity metrics are poised to improve. Adjusted Ebitda was in-line and the overall losses for the March quarter were lower than estimates, it said. Revenue beat, it said, was driven by higher POSP business take rates. The improvement in productivity was due to synergetic combination, it said.

PB Fintech, which operates insurance marketplace PolicyBazaar and credit platform PaisaBazaar, narrowed losses to Rs 219.6 crore in the fiscal fourth quarter from Rs 643.8 crore in the year-ago period.



On JSW Steel, CLSA said cost pressures are unrelenting and that the leverage may remain elevated in the long term. Policy overhang and cost pressures will drive underperformance, it said while suggesting a target of Rs 500 on the scrip.

JSW Steel saw its consolidated net profit for the quarter falling 20.23 per cent to Rs 3,343 crore from Rs 4,191 crore in the same quarter last year.

Jefferies noted that M&M’s Q4 volumes grew 13 per cent YoY but Ebitda fell 1 per cent. It has maintained its underperform rating on the stock with a target of Rs 615.

The tractor maker on Saturday reported a 17 per cent year-on-year (YoY) rise in standalone profit (before exceptional items) at Rs 1,167 crore for the March quarter compared with Rs 998 crore in the same quarter last year. The standalone profit figure came in lower than Rs 1,320.50 crore estimated by analysts in an ET NOW poll.

(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times)

Read original article here

Denial of responsibility! Verve Times is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.

Leave a comment
Hello,