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Monday's top brokerage calls: Indian Hotels, NTPC, Shree Cement and Paytm

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Monday's top brokerage calls: Indian Hotels, NTPC, Shree Cement and Paytm

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Brokerage Radar: UBS has raised the earning estimates for Indian Hotels for the next financial year by 9-12 percent while GS has a 'neutral' rating on shares of Shree Cement. Here are top brokerage calls for this morning-

Monday's top brokerage calls: Indian Hotels, NTPC, Shree Cement and Paytm
UBS on Indian Hotels
| The hospitality sector has noted a significant recovery in the business segment while leisure, too, continued to perform well. This accelerating recovery provides a better growth visibility.
CLSA on Steel Sector | The brokerage firm has downgraded Tata Steel to 'underperform' from 'buy' with a target cut to Rs 1,120 from Rs 1,645. CLSA noted that domestic steel prices will correct as demand-supply balance weakens. The brokerage firm also said that it sees no near-term upside catalysts for the sector.
GS on Shree Cement | The brokerage firm has noted that the increase in packing and forwarding charges will hurt profitability. The quarter 4 revenue are below expectations while volumes are marginally below its peer.
GS on Paytm | The cash burn has improved for the fintech company. The growth momentum for financial services and cloud businesses remains robust.
Jefferies on NTPC | The brokerage firm has raised the EPS estimates for FY23-24 by 2 to 3 percent as the statutory corporation recorded above expectation profits in quarter 4.
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