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Brokerage Reports: Advice and Targets Issued for 6 Stocks Including Ola Electric, Zomato
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CNBC Awaaz•29-09-2026, 08:14
Brokerage Reports: Advice and Targets Issued for 6 Stocks Including Ola Electric, Zomato
- •Brokerage houses released reports on Ola Electric, Zomato, Kalyan Jewellers, Azad Engineering, IndiGo, and Petronet LNG.
- •HSBC gave Ola Electric a 'Reduce' rating with a target of ₹24, citing increasing battery production and cost improvements, but noting the need to monitor management effectiveness.
- •Goldman Sachs maintained a 'Buy' rating on Zomato, raising the target to ₹385, expecting further upside from the $1 billion operating profit target by FY2029 and strong Blinkit growth.
- •UBS gave Kalyan Jewellers a 'Buy' rating with a target of ₹900, anticipating strong growth, store expansion, and positive outlook from gold savings schemes.
- •Goldman Sachs gave Azad Engineering a 'Buy' rating with a target of ₹3,315, highlighting new production units for GE Vernova, gas turbine business, and a strong order book for future growth.
Key Questions Answered
HSBC has issued a 'Reduce' rating on Ola Electric with a target price of Rs 24, noting that battery production yield could increase significantly in the next 6 to 9 months.
Goldman Sachs has maintained a 'Buy' rating on Zomato and raised its target price to Rs 385, citing strong prospects in the internet business sector and operating profit milestones.
Azad Engineering has started two special production units for GE Vernova, with Goldman Sachs assigning a 'Buy' rating and a target price of Rs 3,315.
