After clearing the MARKET CAP of about $ 7 billion, ADANI Group, NSDL and all three FPIs presented their clarification. He said that all three DEMAT ACCOUNT is active. But the sentiment of the shares of ADANI Group looks weak. Because of this, ADANI PORTS and ADANI ENTPRISES can remain quite volatile. Investors are being advised to stay away and it is being said that only professional traders should take steps.
BROKERAGES ON ADANI PORTS
CITI’s opinion on ADANI PORTS
CITI has a Buy rating on ADANI PORTS and has a target of Rs 1,000 for the stock. He says that there is no apprehension of impact on business due to negative news. However, the sentiment of the stock is negative due to the news of FPIs. But the company is in a position to achieve good growth. The current valuation of the stock is attractive.
BROKERAGES ON TATA STEEL
JP MORGAN’s opinion on TATA STEEL
JP MORGAN has an Overweight Rating on TATA STEEL and has a target of Rs 1,610 for the stock. He says that the proposal of the EU Safeguard is better than expected. On the other hand, the company’s position for upcycle is good. The business environment in Europe is good for the company. It looks like there could be above average EBITDA in the next 3 years. there
There may also be a re-rating of the company.
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