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Brigade Enterprises rallied to a five-year high of 12.9 per cent, while Wonderla Holidays gained 5 per cent to over four-month high.
Motilal Oswal has given ‘buy’ rating and a target of Rs 232.
It says free cash flows of Rs 950-1,000 crore over FY15-18 would be strong enough to drive its capex and acquisitions.
Motilal has given Wonderla ‘buy’ rating and a target of Rs 410.
India’s amusement park industry stands at $0.4 billion compared with the global amusement park industry size of $25 billion, thus providing a huge growth opportunity, it says.
Tech Mahindra gained 2 per cent today.
According to analysts, guidance on QoQ revenue growth and outlook would be better than expected.
Infosys will kick-start December-quarter earnings season later in the day
Cross currency shifts may weigh on most IT stocks in December and March quarters, according to Deutsche Bank.
Nomura has upgraded Apollo Hospitals Enterprises to “buy’’ from “neutral’’ and raised the target to Rs 1,298 from Rs 1,192.
It says retail expansion presents additional growth engine, and should help retain premium valuations
According to Thomson Reuters Eikon data, the stock trades at 36.85x of 1-yr forward earnings vs 23.21x of rivals.
Apollo’s retail business includes primary, dental and sugar clinics, birthing centres and short-stay surgery clinics.
The company has recently bought Nova Specialty Hospitals.
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