India’s largest carmaker Maruti Suzuki on Friday reported its highest quarterly net profit for the quarter ending in March. Consolidated net profit of Rs 3,877.8 crore in January-March (fourth quarter of fiscal year April 2023 to March 2024) soared 47.8 percent when compared with Rs 2,623.6 crore in the same period a year back, the company said in a stock exchange filing and media statement.
Let us check what rating brokerages are giving these two firms after Q4 results.
JP Morgan has given a “neutral” rating on the stock with a target price of Rs.12200
Morgan Stanley has given an “overweight” rating on the stock with a target price of Rs.14505.
Jefferies has given buy rating with a share price target of Rs.14750.
Nomura gave a neutral rating with a share price target of Rs.12522.
CITI gave a Buy rating with a target price of Rs.15100.
Goldman Sach gave Neutral rating with a share price target of Rs.12000.
Private sector lender ICICI Bank on Saturday said its March 2024 quarter consolidated net grew 18.5 per cent to Rs 11,672 crore. It had reported a net profit of Rs 9,853 crore in the year-ago period. On a standalone basis, the second largest private sector lender showed a 17.4 per cent growth in its profit after tax at Rs 10,708 crore for the reporting quarter against Rs 9,122 crore in the year-ago period.
CLSA has maintained a “buy” rating on the stock with a target price of Rs 1,350.
Morgan Stanley has maintained an “overweight” rating on the stock with a target price of Rs 1,400.
Jefferies has given buy rating with a share price target of Rs.1350.
Nomura gave a buy rating with a share price target of Rs.1335.
CITI gave a Buy rating with a target price of Rs. 1350.
Goldman Sach gave Neutral rating with a share price target of Rs.1186.
(With Inputs from PTI)
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice.)
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