The article discusses the current market performance and future prospects of five Indian companies: Bharti Airtel, Tech Mahindra, Uno Minda, and Renaissance Global. Here’s a summary of the key points:
* Bharti Airtel: The telecom major is expected to benefit from the 5G spectrum auction and its strong presence in the Indian market. Its Q3 results were decent, with a 7.7% profit rise. Maintain a ‘buy’ rating with a target price of Rs 550.
* Tech Mahindra: The IT services company has a stable outlook and is expected to benefit from the demand for cloud computing and cybersecurity services. Maintain a ‘buy’ rating with a target price of Rs 450.
* Uno Minda: The auto-component maker has a stable outlook due to its diverse customer base and favorable industry trends. Maintain a ‘buy’ rating with a target price of Rs 1,400.
* Renaissance Global: The auto finance company has a strong balance sheet and is expected to benefit from the growing demand for automobile financing. Maintain a ‘buy’ rating with a target price of Rs 470.
* Other stocks: Other companies like ICICI Bank, Infosys, and State Bank of India are also trading impressive and may be considered for investment.
Overall, the article suggests that these companies have strong fundamental performance, promising outlook, and are expected to deliver good returns in the short and medium term.