We have collated a list of recommendations from top brokerage firms from ETNow and other sources:
Investec on Hindalco Industries: Buy| Target Rs 750
Investec maintained a buy rating on Hindalco Industries with a target price of Rs 750. Novelis listing is positive based on the indicated price band.
Nuvama on Inox Wind: Buy| Target Rs 193
Nuvama initiated coverage on Inox Wind with a target price of Rs 193. The company is a beneficiary of regulatory tailwind and favourable market conditions.
The order book has now climbed to new highs. The company defended 15% market share in a down-cycle.
Reviving macros in a duopolistic wind EPC market shall enable it to achieve an order book/revenue CAGR of 44%/73% over FY24-27.
Nuvama on Suzlon Energy: Buy| Target Rs 53
Nuvama initiated coverage on Suzlon Energy with a buy rating and a target price of Rs 53.
Strong industry tailwinds a ‘powerful’ growth enabler. The company will benefit of a restructured balance sheet.
It is capable of sustaining its lead in WTG/turnkey EPC execution. The global investment bank expects order book/PAT CAGR of 21%/61% over FY24-27.
Goldman Sach on LIC: Neutral| Target Rs 950
Goldman Sach maintained a neutral rating on LIC with a target price of Rs 950.
The business mix is heading in the right direction, but the margin trajectory remains gradual.
The management expects non-par products to outpace the rest of the top-line growth, leading to steady improvement in the value of new business (VNB) margins.
(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
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