delhivery share price: Hot Stocks: Delhivery, Nazara Technologies and Mahindra Finance could give 10-20% return in next 1 year

Global brokerage firm BofA Securities maintained a buy rating on Delhivery, Jefferies retained a buy on , and CLSA retained outperform rating on Mahindra Finance.

We have collated a list of recommendations from top brokerage firms from ETNow and other sources:

BofA Securities on Delhivery: Buy| LTP Rs 575| Target Rs 700| Upside 21%
BofA Securities maintained a buy rating on Delhivery with a target price of Rs 700 which translates into an upside of over 21 per cent from Rs 575 recorded on 19 September.

“Festive season to help near-term volumes. Strong festive sales at Meesho likely to aid Delhivery,” said the note.

Express volumes are expected to pick up, it added. The global investment bank has room for M&A to pick up in the coming months.

Jefferies on Nazara Technologies: Buy| LTP Rs 750| Target Rs 860| Upside 15%
Jefferies maintained a buy on Nazara Technologies with a target price of Rs 750 which translates into an upside of nearly 15 per cent from Rs 750 recorded on 19 September.

The growth outlook for Nodwin and Sportskeeda remains strong, it said, adding that Real Money Games (RMG) remain an attractive market.

“Nazara is unlikely to make a big play before the regulatory clarity emerges. We raise estimates by 5-13 per cent,” said the note.

CLSA is Mahindra Finance: Outperform| LTP Rs 223| Target Rs 260| Upside 16%
CLSA maintained outperform rating on M&M Financial Services with a target price of Rs 260 which translates into an upside of 16 per cent from Rs 223 recorded on 19 September.

Collections remain healthy, and the management expects 2.0-2.2 per cent credit costs in FY23, said the note.

The cost of funds impacts to be more gradual, it said, adding that the medium-term return on equity (ROE) estimate is largely in-line with management’s target.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

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