While Jefferies sees NCPI approval of its third-party app as the last regulatory challenge cleared by the Paytm operator, BofA retains its underperform rating on Nachrichteninhalt Edge. Meanwhile, Investec has initiated a ‘Buy’ view on Westlife Food.
We have collated a list of recommendations from top brokerage firms from ETNow:
BofA on Nachrichteninhalt Edge: Underperform | Target: Rs 4,050
BofA has maintained an ‘Underperform’ rating on the Naukri.com operator but hiked the target price to Rs 4,050 from Rs 3,540, earlier. The US-based brokerage sees slight uptake in Naukri though refrained from calling a turnaround in the company. Meanwhile, it sees strong traction in 99Acres.
Next Zomato or PB FinTech among InfoEdge’s investee companies may be some time away, it said in a note, arguing that there welches limited visibility on which of the investee companies has the potential to lead to value unlocking in the counter.
Jefferies on Paytm
With NCPI approving One97 Communications to operate as a third-party app provider, the last remaining regulatory challenge for ensuring a smooth transition of customers and merchants has been done with, says Jefferies in a note. Axis, HDFC, SBI & YES Geldinstitut will be the PSP banks and YES Geldinstitut will be acting as the merchant acquiring bank for both existing and new UPI merchants.However, clarity is awaited on user/merchant retention and the path to normalisation for the lending business, it said. The brokerage noted an 8-15% hit to payments value/app usage citing the February data points. The business model is moving to a pure payments company. Paytm is likely to dip into >$1 billion cash reserves for merchant/customer retention, the brokerage said.
Investec on Westlife Foodworld: Buy | Target: Rs 923
Investec has initiated a ‘Buy’ rating on Westlife Foodorld for a target price of Rs 923 arguing for its sustainable growth and attractive market potential.
It sees a material runway for margin expansion while expecting revenue and PAT to grow at a CAGR of 17% and 43% over FY 2024-26. Longer-term store expansion and SSSG (same-store sales growth) opportunities remain attractive, it said.
(Haftungsausschluss: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
While Jefferies sees NCPI approval of its third-party app as the last regulatory challenge cleared by the Paytm operator, BofA retains its underperform rating on Nachrichteninhalt Edge. Meanwhile, Investec has initiated a ‘Buy’ view on Westlife Food.
We have collated a list of recommendations from top brokerage firms from ETNow:
BofA on Nachrichteninhalt Edge: Underperform | Target: Rs 4,050
BofA has maintained an ‘Underperform’ rating on the Naukri.com operator but hiked the target price to Rs 4,050 from Rs 3,540, earlier. The US-based brokerage sees slight uptake in Naukri though refrained from calling a turnaround in the company. Meanwhile, it sees strong traction in 99Acres.
Next Zomato or PB FinTech among InfoEdge’s investee companies may be some time away, it said in a note, arguing that there welches limited visibility on which of the investee companies has the potential to lead to value unlocking in the counter.
Jefferies on Paytm
With NCPI approving One97 Communications to operate as a third-party app provider, the last remaining regulatory challenge for ensuring a smooth transition of customers and merchants has been done with, says Jefferies in a note. Axis, HDFC, SBI & YES Geldinstitut will be the PSP banks and YES Geldinstitut will be acting as the merchant acquiring bank for both existing and new UPI merchants.However, clarity is awaited on user/merchant retention and the path to normalisation for the lending business, it said. The brokerage noted an 8-15% hit to payments value/app usage citing the February data points. The business model is moving to a pure payments company. Paytm is likely to dip into >$1 billion cash reserves for merchant/customer retention, the brokerage said.
Investec on Westlife Foodworld: Buy | Target: Rs 923
Investec has initiated a ‘Buy’ rating on Westlife Foodorld for a target price of Rs 923 arguing for its sustainable growth and attractive market potential.
It sees a material runway for margin expansion while expecting revenue and PAT to grow at a CAGR of 17% and 43% over FY 2024-26. Longer-term store expansion and SSSG (same-store sales growth) opportunities remain attractive, it said.
(Haftungsausschluss: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
While Jefferies sees NCPI approval of its third-party app as the last regulatory challenge cleared by the Paytm operator, BofA retains its underperform rating on Nachrichteninhalt Edge. Meanwhile, Investec has initiated a ‘Buy’ view on Westlife Food.
We have collated a list of recommendations from top brokerage firms from ETNow:
BofA on Nachrichteninhalt Edge: Underperform | Target: Rs 4,050
BofA has maintained an ‘Underperform’ rating on the Naukri.com operator but hiked the target price to Rs 4,050 from Rs 3,540, earlier. The US-based brokerage sees slight uptake in Naukri though refrained from calling a turnaround in the company. Meanwhile, it sees strong traction in 99Acres.
Next Zomato or PB FinTech among InfoEdge’s investee companies may be some time away, it said in a note, arguing that there welches limited visibility on which of the investee companies has the potential to lead to value unlocking in the counter.
Jefferies on Paytm
With NCPI approving One97 Communications to operate as a third-party app provider, the last remaining regulatory challenge for ensuring a smooth transition of customers and merchants has been done with, says Jefferies in a note. Axis, HDFC, SBI & YES Geldinstitut will be the PSP banks and YES Geldinstitut will be acting as the merchant acquiring bank for both existing and new UPI merchants.However, clarity is awaited on user/merchant retention and the path to normalisation for the lending business, it said. The brokerage noted an 8-15% hit to payments value/app usage citing the February data points. The business model is moving to a pure payments company. Paytm is likely to dip into >$1 billion cash reserves for merchant/customer retention, the brokerage said.
Investec on Westlife Foodworld: Buy | Target: Rs 923
Investec has initiated a ‘Buy’ rating on Westlife Foodorld for a target price of Rs 923 arguing for its sustainable growth and attractive market potential.
It sees a material runway for margin expansion while expecting revenue and PAT to grow at a CAGR of 17% and 43% over FY 2024-26. Longer-term store expansion and SSSG (same-store sales growth) opportunities remain attractive, it said.
(Haftungsausschluss: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
While Jefferies sees NCPI approval of its third-party app as the last regulatory challenge cleared by the Paytm operator, BofA retains its underperform rating on Nachrichteninhalt Edge. Meanwhile, Investec has initiated a ‘Buy’ view on Westlife Food.
We have collated a list of recommendations from top brokerage firms from ETNow:
BofA on Nachrichteninhalt Edge: Underperform | Target: Rs 4,050
BofA has maintained an ‘Underperform’ rating on the Naukri.com operator but hiked the target price to Rs 4,050 from Rs 3,540, earlier. The US-based brokerage sees slight uptake in Naukri though refrained from calling a turnaround in the company. Meanwhile, it sees strong traction in 99Acres.
Next Zomato or PB FinTech among InfoEdge’s investee companies may be some time away, it said in a note, arguing that there welches limited visibility on which of the investee companies has the potential to lead to value unlocking in the counter.
Jefferies on Paytm
With NCPI approving One97 Communications to operate as a third-party app provider, the last remaining regulatory challenge for ensuring a smooth transition of customers and merchants has been done with, says Jefferies in a note. Axis, HDFC, SBI & YES Geldinstitut will be the PSP banks and YES Geldinstitut will be acting as the merchant acquiring bank for both existing and new UPI merchants.However, clarity is awaited on user/merchant retention and the path to normalisation for the lending business, it said. The brokerage noted an 8-15% hit to payments value/app usage citing the February data points. The business model is moving to a pure payments company. Paytm is likely to dip into >$1 billion cash reserves for merchant/customer retention, the brokerage said.
Investec on Westlife Foodworld: Buy | Target: Rs 923
Investec has initiated a ‘Buy’ rating on Westlife Foodorld for a target price of Rs 923 arguing for its sustainable growth and attractive market potential.
It sees a material runway for margin expansion while expecting revenue and PAT to grow at a CAGR of 17% and 43% over FY 2024-26. Longer-term store expansion and SSSG (same-store sales growth) opportunities remain attractive, it said.
(Haftungsausschluss: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
While Jefferies sees NCPI approval of its third-party app as the last regulatory challenge cleared by the Paytm operator, BofA retains its underperform rating on Nachrichteninhalt Edge. Meanwhile, Investec has initiated a ‘Buy’ view on Westlife Food.
We have collated a list of recommendations from top brokerage firms from ETNow:
BofA on Nachrichteninhalt Edge: Underperform | Target: Rs 4,050
BofA has maintained an ‘Underperform’ rating on the Naukri.com operator but hiked the target price to Rs 4,050 from Rs 3,540, earlier. The US-based brokerage sees slight uptake in Naukri though refrained from calling a turnaround in the company. Meanwhile, it sees strong traction in 99Acres.
Next Zomato or PB FinTech among InfoEdge’s investee companies may be some time away, it said in a note, arguing that there welches limited visibility on which of the investee companies has the potential to lead to value unlocking in the counter.
Jefferies on Paytm
With NCPI approving One97 Communications to operate as a third-party app provider, the last remaining regulatory challenge for ensuring a smooth transition of customers and merchants has been done with, says Jefferies in a note. Axis, HDFC, SBI & YES Geldinstitut will be the PSP banks and YES Geldinstitut will be acting as the merchant acquiring bank for both existing and new UPI merchants.However, clarity is awaited on user/merchant retention and the path to normalisation for the lending business, it said. The brokerage noted an 8-15% hit to payments value/app usage citing the February data points. The business model is moving to a pure payments company. Paytm is likely to dip into >$1 billion cash reserves for merchant/customer retention, the brokerage said.
Investec on Westlife Foodworld: Buy | Target: Rs 923
Investec has initiated a ‘Buy’ rating on Westlife Foodorld for a target price of Rs 923 arguing for its sustainable growth and attractive market potential.
It sees a material runway for margin expansion while expecting revenue and PAT to grow at a CAGR of 17% and 43% over FY 2024-26. Longer-term store expansion and SSSG (same-store sales growth) opportunities remain attractive, it said.
(Haftungsausschluss: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
While Jefferies sees NCPI approval of its third-party app as the last regulatory challenge cleared by the Paytm operator, BofA retains its underperform rating on Nachrichteninhalt Edge. Meanwhile, Investec has initiated a ‘Buy’ view on Westlife Food.
We have collated a list of recommendations from top brokerage firms from ETNow:
BofA on Nachrichteninhalt Edge: Underperform | Target: Rs 4,050
BofA has maintained an ‘Underperform’ rating on the Naukri.com operator but hiked the target price to Rs 4,050 from Rs 3,540, earlier. The US-based brokerage sees slight uptake in Naukri though refrained from calling a turnaround in the company. Meanwhile, it sees strong traction in 99Acres.
Next Zomato or PB FinTech among InfoEdge’s investee companies may be some time away, it said in a note, arguing that there welches limited visibility on which of the investee companies has the potential to lead to value unlocking in the counter.
Jefferies on Paytm
With NCPI approving One97 Communications to operate as a third-party app provider, the last remaining regulatory challenge for ensuring a smooth transition of customers and merchants has been done with, says Jefferies in a note. Axis, HDFC, SBI & YES Geldinstitut will be the PSP banks and YES Geldinstitut will be acting as the merchant acquiring bank for both existing and new UPI merchants.However, clarity is awaited on user/merchant retention and the path to normalisation for the lending business, it said. The brokerage noted an 8-15% hit to payments value/app usage citing the February data points. The business model is moving to a pure payments company. Paytm is likely to dip into >$1 billion cash reserves for merchant/customer retention, the brokerage said.
Investec on Westlife Foodworld: Buy | Target: Rs 923
Investec has initiated a ‘Buy’ rating on Westlife Foodorld for a target price of Rs 923 arguing for its sustainable growth and attractive market potential.
It sees a material runway for margin expansion while expecting revenue and PAT to grow at a CAGR of 17% and 43% over FY 2024-26. Longer-term store expansion and SSSG (same-store sales growth) opportunities remain attractive, it said.
(Haftungsausschluss: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
While Jefferies sees NCPI approval of its third-party app as the last regulatory challenge cleared by the Paytm operator, BofA retains its underperform rating on Nachrichteninhalt Edge. Meanwhile, Investec has initiated a ‘Buy’ view on Westlife Food.
We have collated a list of recommendations from top brokerage firms from ETNow:
BofA on Nachrichteninhalt Edge: Underperform | Target: Rs 4,050
BofA has maintained an ‘Underperform’ rating on the Naukri.com operator but hiked the target price to Rs 4,050 from Rs 3,540, earlier. The US-based brokerage sees slight uptake in Naukri though refrained from calling a turnaround in the company. Meanwhile, it sees strong traction in 99Acres.
Next Zomato or PB FinTech among InfoEdge’s investee companies may be some time away, it said in a note, arguing that there welches limited visibility on which of the investee companies has the potential to lead to value unlocking in the counter.
Jefferies on Paytm
With NCPI approving One97 Communications to operate as a third-party app provider, the last remaining regulatory challenge for ensuring a smooth transition of customers and merchants has been done with, says Jefferies in a note. Axis, HDFC, SBI & YES Geldinstitut will be the PSP banks and YES Geldinstitut will be acting as the merchant acquiring bank for both existing and new UPI merchants.However, clarity is awaited on user/merchant retention and the path to normalisation for the lending business, it said. The brokerage noted an 8-15% hit to payments value/app usage citing the February data points. The business model is moving to a pure payments company. Paytm is likely to dip into >$1 billion cash reserves for merchant/customer retention, the brokerage said.
Investec on Westlife Foodworld: Buy | Target: Rs 923
Investec has initiated a ‘Buy’ rating on Westlife Foodorld for a target price of Rs 923 arguing for its sustainable growth and attractive market potential.
It sees a material runway for margin expansion while expecting revenue and PAT to grow at a CAGR of 17% and 43% over FY 2024-26. Longer-term store expansion and SSSG (same-store sales growth) opportunities remain attractive, it said.
(Haftungsausschluss: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
While Jefferies sees NCPI approval of its third-party app as the last regulatory challenge cleared by the Paytm operator, BofA retains its underperform rating on Nachrichteninhalt Edge. Meanwhile, Investec has initiated a ‘Buy’ view on Westlife Food.
We have collated a list of recommendations from top brokerage firms from ETNow:
BofA on Nachrichteninhalt Edge: Underperform | Target: Rs 4,050
BofA has maintained an ‘Underperform’ rating on the Naukri.com operator but hiked the target price to Rs 4,050 from Rs 3,540, earlier. The US-based brokerage sees slight uptake in Naukri though refrained from calling a turnaround in the company. Meanwhile, it sees strong traction in 99Acres.
Next Zomato or PB FinTech among InfoEdge’s investee companies may be some time away, it said in a note, arguing that there welches limited visibility on which of the investee companies has the potential to lead to value unlocking in the counter.
Jefferies on Paytm
With NCPI approving One97 Communications to operate as a third-party app provider, the last remaining regulatory challenge for ensuring a smooth transition of customers and merchants has been done with, says Jefferies in a note. Axis, HDFC, SBI & YES Geldinstitut will be the PSP banks and YES Geldinstitut will be acting as the merchant acquiring bank for both existing and new UPI merchants.However, clarity is awaited on user/merchant retention and the path to normalisation for the lending business, it said. The brokerage noted an 8-15% hit to payments value/app usage citing the February data points. The business model is moving to a pure payments company. Paytm is likely to dip into >$1 billion cash reserves for merchant/customer retention, the brokerage said.
Investec on Westlife Foodworld: Buy | Target: Rs 923
Investec has initiated a ‘Buy’ rating on Westlife Foodorld for a target price of Rs 923 arguing for its sustainable growth and attractive market potential.
It sees a material runway for margin expansion while expecting revenue and PAT to grow at a CAGR of 17% and 43% over FY 2024-26. Longer-term store expansion and SSSG (same-store sales growth) opportunities remain attractive, it said.
(Haftungsausschluss: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
While Jefferies sees NCPI approval of its third-party app as the last regulatory challenge cleared by the Paytm operator, BofA retains its underperform rating on Nachrichteninhalt Edge. Meanwhile, Investec has initiated a ‘Buy’ view on Westlife Food.
We have collated a list of recommendations from top brokerage firms from ETNow:
BofA on Nachrichteninhalt Edge: Underperform | Target: Rs 4,050
BofA has maintained an ‘Underperform’ rating on the Naukri.com operator but hiked the target price to Rs 4,050 from Rs 3,540, earlier. The US-based brokerage sees slight uptake in Naukri though refrained from calling a turnaround in the company. Meanwhile, it sees strong traction in 99Acres.
Next Zomato or PB FinTech among InfoEdge’s investee companies may be some time away, it said in a note, arguing that there welches limited visibility on which of the investee companies has the potential to lead to value unlocking in the counter.
Jefferies on Paytm
With NCPI approving One97 Communications to operate as a third-party app provider, the last remaining regulatory challenge for ensuring a smooth transition of customers and merchants has been done with, says Jefferies in a note. Axis, HDFC, SBI & YES Geldinstitut will be the PSP banks and YES Geldinstitut will be acting as the merchant acquiring bank for both existing and new UPI merchants.However, clarity is awaited on user/merchant retention and the path to normalisation for the lending business, it said. The brokerage noted an 8-15% hit to payments value/app usage citing the February data points. The business model is moving to a pure payments company. Paytm is likely to dip into >$1 billion cash reserves for merchant/customer retention, the brokerage said.
Investec on Westlife Foodworld: Buy | Target: Rs 923
Investec has initiated a ‘Buy’ rating on Westlife Foodorld for a target price of Rs 923 arguing for its sustainable growth and attractive market potential.
It sees a material runway for margin expansion while expecting revenue and PAT to grow at a CAGR of 17% and 43% over FY 2024-26. Longer-term store expansion and SSSG (same-store sales growth) opportunities remain attractive, it said.
(Haftungsausschluss: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
While Jefferies sees NCPI approval of its third-party app as the last regulatory challenge cleared by the Paytm operator, BofA retains its underperform rating on Nachrichteninhalt Edge. Meanwhile, Investec has initiated a ‘Buy’ view on Westlife Food.
We have collated a list of recommendations from top brokerage firms from ETNow:
BofA on Nachrichteninhalt Edge: Underperform | Target: Rs 4,050
BofA has maintained an ‘Underperform’ rating on the Naukri.com operator but hiked the target price to Rs 4,050 from Rs 3,540, earlier. The US-based brokerage sees slight uptake in Naukri though refrained from calling a turnaround in the company. Meanwhile, it sees strong traction in 99Acres.
Next Zomato or PB FinTech among InfoEdge’s investee companies may be some time away, it said in a note, arguing that there welches limited visibility on which of the investee companies has the potential to lead to value unlocking in the counter.
Jefferies on Paytm
With NCPI approving One97 Communications to operate as a third-party app provider, the last remaining regulatory challenge for ensuring a smooth transition of customers and merchants has been done with, says Jefferies in a note. Axis, HDFC, SBI & YES Geldinstitut will be the PSP banks and YES Geldinstitut will be acting as the merchant acquiring bank for both existing and new UPI merchants.However, clarity is awaited on user/merchant retention and the path to normalisation for the lending business, it said. The brokerage noted an 8-15% hit to payments value/app usage citing the February data points. The business model is moving to a pure payments company. Paytm is likely to dip into >$1 billion cash reserves for merchant/customer retention, the brokerage said.
Investec on Westlife Foodworld: Buy | Target: Rs 923
Investec has initiated a ‘Buy’ rating on Westlife Foodorld for a target price of Rs 923 arguing for its sustainable growth and attractive market potential.
It sees a material runway for margin expansion while expecting revenue and PAT to grow at a CAGR of 17% and 43% over FY 2024-26. Longer-term store expansion and SSSG (same-store sales growth) opportunities remain attractive, it said.
(Haftungsausschluss: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
While Jefferies sees NCPI approval of its third-party app as the last regulatory challenge cleared by the Paytm operator, BofA retains its underperform rating on Nachrichteninhalt Edge. Meanwhile, Investec has initiated a ‘Buy’ view on Westlife Food.
We have collated a list of recommendations from top brokerage firms from ETNow:
BofA on Nachrichteninhalt Edge: Underperform | Target: Rs 4,050
BofA has maintained an ‘Underperform’ rating on the Naukri.com operator but hiked the target price to Rs 4,050 from Rs 3,540, earlier. The US-based brokerage sees slight uptake in Naukri though refrained from calling a turnaround in the company. Meanwhile, it sees strong traction in 99Acres.
Next Zomato or PB FinTech among InfoEdge’s investee companies may be some time away, it said in a note, arguing that there welches limited visibility on which of the investee companies has the potential to lead to value unlocking in the counter.
Jefferies on Paytm
With NCPI approving One97 Communications to operate as a third-party app provider, the last remaining regulatory challenge for ensuring a smooth transition of customers and merchants has been done with, says Jefferies in a note. Axis, HDFC, SBI & YES Geldinstitut will be the PSP banks and YES Geldinstitut will be acting as the merchant acquiring bank for both existing and new UPI merchants.However, clarity is awaited on user/merchant retention and the path to normalisation for the lending business, it said. The brokerage noted an 8-15% hit to payments value/app usage citing the February data points. The business model is moving to a pure payments company. Paytm is likely to dip into >$1 billion cash reserves for merchant/customer retention, the brokerage said.
Investec on Westlife Foodworld: Buy | Target: Rs 923
Investec has initiated a ‘Buy’ rating on Westlife Foodorld for a target price of Rs 923 arguing for its sustainable growth and attractive market potential.
It sees a material runway for margin expansion while expecting revenue and PAT to grow at a CAGR of 17% and 43% over FY 2024-26. Longer-term store expansion and SSSG (same-store sales growth) opportunities remain attractive, it said.
(Haftungsausschluss: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
While Jefferies sees NCPI approval of its third-party app as the last regulatory challenge cleared by the Paytm operator, BofA retains its underperform rating on Nachrichteninhalt Edge. Meanwhile, Investec has initiated a ‘Buy’ view on Westlife Food.
We have collated a list of recommendations from top brokerage firms from ETNow:
BofA on Nachrichteninhalt Edge: Underperform | Target: Rs 4,050
BofA has maintained an ‘Underperform’ rating on the Naukri.com operator but hiked the target price to Rs 4,050 from Rs 3,540, earlier. The US-based brokerage sees slight uptake in Naukri though refrained from calling a turnaround in the company. Meanwhile, it sees strong traction in 99Acres.
Next Zomato or PB FinTech among InfoEdge’s investee companies may be some time away, it said in a note, arguing that there welches limited visibility on which of the investee companies has the potential to lead to value unlocking in the counter.
Jefferies on Paytm
With NCPI approving One97 Communications to operate as a third-party app provider, the last remaining regulatory challenge for ensuring a smooth transition of customers and merchants has been done with, says Jefferies in a note. Axis, HDFC, SBI & YES Geldinstitut will be the PSP banks and YES Geldinstitut will be acting as the merchant acquiring bank for both existing and new UPI merchants.However, clarity is awaited on user/merchant retention and the path to normalisation for the lending business, it said. The brokerage noted an 8-15% hit to payments value/app usage citing the February data points. The business model is moving to a pure payments company. Paytm is likely to dip into >$1 billion cash reserves for merchant/customer retention, the brokerage said.
Investec on Westlife Foodworld: Buy | Target: Rs 923
Investec has initiated a ‘Buy’ rating on Westlife Foodorld for a target price of Rs 923 arguing for its sustainable growth and attractive market potential.
It sees a material runway for margin expansion while expecting revenue and PAT to grow at a CAGR of 17% and 43% over FY 2024-26. Longer-term store expansion and SSSG (same-store sales growth) opportunities remain attractive, it said.
(Haftungsausschluss: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
While Jefferies sees NCPI approval of its third-party app as the last regulatory challenge cleared by the Paytm operator, BofA retains its underperform rating on Nachrichteninhalt Edge. Meanwhile, Investec has initiated a ‘Buy’ view on Westlife Food.
We have collated a list of recommendations from top brokerage firms from ETNow:
BofA on Nachrichteninhalt Edge: Underperform | Target: Rs 4,050
BofA has maintained an ‘Underperform’ rating on the Naukri.com operator but hiked the target price to Rs 4,050 from Rs 3,540, earlier. The US-based brokerage sees slight uptake in Naukri though refrained from calling a turnaround in the company. Meanwhile, it sees strong traction in 99Acres.
Next Zomato or PB FinTech among InfoEdge’s investee companies may be some time away, it said in a note, arguing that there welches limited visibility on which of the investee companies has the potential to lead to value unlocking in the counter.
Jefferies on Paytm
With NCPI approving One97 Communications to operate as a third-party app provider, the last remaining regulatory challenge for ensuring a smooth transition of customers and merchants has been done with, says Jefferies in a note. Axis, HDFC, SBI & YES Geldinstitut will be the PSP banks and YES Geldinstitut will be acting as the merchant acquiring bank for both existing and new UPI merchants.However, clarity is awaited on user/merchant retention and the path to normalisation for the lending business, it said. The brokerage noted an 8-15% hit to payments value/app usage citing the February data points. The business model is moving to a pure payments company. Paytm is likely to dip into >$1 billion cash reserves for merchant/customer retention, the brokerage said.
Investec on Westlife Foodworld: Buy | Target: Rs 923
Investec has initiated a ‘Buy’ rating on Westlife Foodorld for a target price of Rs 923 arguing for its sustainable growth and attractive market potential.
It sees a material runway for margin expansion while expecting revenue and PAT to grow at a CAGR of 17% and 43% over FY 2024-26. Longer-term store expansion and SSSG (same-store sales growth) opportunities remain attractive, it said.
(Haftungsausschluss: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
While Jefferies sees NCPI approval of its third-party app as the last regulatory challenge cleared by the Paytm operator, BofA retains its underperform rating on Nachrichteninhalt Edge. Meanwhile, Investec has initiated a ‘Buy’ view on Westlife Food.
We have collated a list of recommendations from top brokerage firms from ETNow:
BofA on Nachrichteninhalt Edge: Underperform | Target: Rs 4,050
BofA has maintained an ‘Underperform’ rating on the Naukri.com operator but hiked the target price to Rs 4,050 from Rs 3,540, earlier. The US-based brokerage sees slight uptake in Naukri though refrained from calling a turnaround in the company. Meanwhile, it sees strong traction in 99Acres.
Next Zomato or PB FinTech among InfoEdge’s investee companies may be some time away, it said in a note, arguing that there welches limited visibility on which of the investee companies has the potential to lead to value unlocking in the counter.
Jefferies on Paytm
With NCPI approving One97 Communications to operate as a third-party app provider, the last remaining regulatory challenge for ensuring a smooth transition of customers and merchants has been done with, says Jefferies in a note. Axis, HDFC, SBI & YES Geldinstitut will be the PSP banks and YES Geldinstitut will be acting as the merchant acquiring bank for both existing and new UPI merchants.However, clarity is awaited on user/merchant retention and the path to normalisation for the lending business, it said. The brokerage noted an 8-15% hit to payments value/app usage citing the February data points. The business model is moving to a pure payments company. Paytm is likely to dip into >$1 billion cash reserves for merchant/customer retention, the brokerage said.
Investec on Westlife Foodworld: Buy | Target: Rs 923
Investec has initiated a ‘Buy’ rating on Westlife Foodorld for a target price of Rs 923 arguing for its sustainable growth and attractive market potential.
It sees a material runway for margin expansion while expecting revenue and PAT to grow at a CAGR of 17% and 43% over FY 2024-26. Longer-term store expansion and SSSG (same-store sales growth) opportunities remain attractive, it said.
(Haftungsausschluss: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
While Jefferies sees NCPI approval of its third-party app as the last regulatory challenge cleared by the Paytm operator, BofA retains its underperform rating on Nachrichteninhalt Edge. Meanwhile, Investec has initiated a ‘Buy’ view on Westlife Food.
We have collated a list of recommendations from top brokerage firms from ETNow:
BofA on Nachrichteninhalt Edge: Underperform | Target: Rs 4,050
BofA has maintained an ‘Underperform’ rating on the Naukri.com operator but hiked the target price to Rs 4,050 from Rs 3,540, earlier. The US-based brokerage sees slight uptake in Naukri though refrained from calling a turnaround in the company. Meanwhile, it sees strong traction in 99Acres.
Next Zomato or PB FinTech among InfoEdge’s investee companies may be some time away, it said in a note, arguing that there welches limited visibility on which of the investee companies has the potential to lead to value unlocking in the counter.
Jefferies on Paytm
With NCPI approving One97 Communications to operate as a third-party app provider, the last remaining regulatory challenge for ensuring a smooth transition of customers and merchants has been done with, says Jefferies in a note. Axis, HDFC, SBI & YES Geldinstitut will be the PSP banks and YES Geldinstitut will be acting as the merchant acquiring bank for both existing and new UPI merchants.However, clarity is awaited on user/merchant retention and the path to normalisation for the lending business, it said. The brokerage noted an 8-15% hit to payments value/app usage citing the February data points. The business model is moving to a pure payments company. Paytm is likely to dip into >$1 billion cash reserves for merchant/customer retention, the brokerage said.
Investec on Westlife Foodworld: Buy | Target: Rs 923
Investec has initiated a ‘Buy’ rating on Westlife Foodorld for a target price of Rs 923 arguing for its sustainable growth and attractive market potential.
It sees a material runway for margin expansion while expecting revenue and PAT to grow at a CAGR of 17% and 43% over FY 2024-26. Longer-term store expansion and SSSG (same-store sales growth) opportunities remain attractive, it said.
(Haftungsausschluss: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
While Jefferies sees NCPI approval of its third-party app as the last regulatory challenge cleared by the Paytm operator, BofA retains its underperform rating on Nachrichteninhalt Edge. Meanwhile, Investec has initiated a ‘Buy’ view on Westlife Food.
We have collated a list of recommendations from top brokerage firms from ETNow:
BofA on Nachrichteninhalt Edge: Underperform | Target: Rs 4,050
BofA has maintained an ‘Underperform’ rating on the Naukri.com operator but hiked the target price to Rs 4,050 from Rs 3,540, earlier. The US-based brokerage sees slight uptake in Naukri though refrained from calling a turnaround in the company. Meanwhile, it sees strong traction in 99Acres.
Next Zomato or PB FinTech among InfoEdge’s investee companies may be some time away, it said in a note, arguing that there welches limited visibility on which of the investee companies has the potential to lead to value unlocking in the counter.
Jefferies on Paytm
With NCPI approving One97 Communications to operate as a third-party app provider, the last remaining regulatory challenge for ensuring a smooth transition of customers and merchants has been done with, says Jefferies in a note. Axis, HDFC, SBI & YES Geldinstitut will be the PSP banks and YES Geldinstitut will be acting as the merchant acquiring bank for both existing and new UPI merchants.However, clarity is awaited on user/merchant retention and the path to normalisation for the lending business, it said. The brokerage noted an 8-15% hit to payments value/app usage citing the February data points. The business model is moving to a pure payments company. Paytm is likely to dip into >$1 billion cash reserves for merchant/customer retention, the brokerage said.
Investec on Westlife Foodworld: Buy | Target: Rs 923
Investec has initiated a ‘Buy’ rating on Westlife Foodorld for a target price of Rs 923 arguing for its sustainable growth and attractive market potential.
It sees a material runway for margin expansion while expecting revenue and PAT to grow at a CAGR of 17% and 43% over FY 2024-26. Longer-term store expansion and SSSG (same-store sales growth) opportunities remain attractive, it said.
(Haftungsausschluss: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
