Tag: Jefferies

Jefferies ceases Paytm coverage amid regulatory uncertainties

February 19, 2024 adminbusinessuncover No Comments

,In order to give One 97 Communications Ltd. time to calm down before the news surrounding the faltering Indian fintech major “settles down,” Jefferies Financial Group Inc. has become the first significant foreign brokerage to discontinue covering the smartphone operator. Jefferies ceases Paytm coverage amid regulatory uncertainties After lowering the stock to underperform after the…

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Jefferies keeps its “Buy” rating on L&T and projects 14% upside and significant growth.

January 31, 2024 adminbusinessuncover No Comments

Larsen & Toubro (L&T) is still rated as a buy by Jefferies, according to a recent report. The company has modified its price target from Rs 4,200 to Rs 4,135 per share. Based on core Engineering & Construction (E&C) at 18x FY26E EV/EBITDA, the valuation takes into account consolidated PB at 5.4x and PE FY26E…

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