InCred has a reduce rating for ER&D stocks Tata Tech and Tata Elxsi. Yes Securities suggests buying in Tech Mahindra, Indus Towers and Granules.
We have collated a list of recommendations from top brokerage firms from ETNow and other sources:
Citi on Nuvama Wealth: Buy| Target Rs 6000
Citi maintained a buy rating on Nuvama Wealth with a target price of Rs 6,000. New flows+capital market buoyancy+cost improvement may act as a catalyst.
Emkay on Man Industries: Buy| Target Rs 500
Emkay Global has initiated coverage on Man Industries with a buy rating and a target price of Rs 500.The company seems to be taking the next leap with two exciting projectsMan Industries has been gaining market share from a growing pie.
Building blocks to growth, cash generation, and returns 400 transition phases from ‘potential’ to ‘delivery’ offers positioning opportunities.
Risk/Reward proposition is also favorably placed for the company
InCred on Automotive ER&D:
Tata Tech: Reduce| Target Rs 797
Tata Elxsi: Reduce| Target Rs 6,064
Incred believes that the automotive sector at the crossroads of contrasting opportunities
Automakers are reconsidering the viability of alternate technologies.
Further, protectionism, pricing pressure and growth moderation add to the stress, which could moderate spending intensity or delay decisions.
Jefferies on SRF: Underperform| Target: Rs 2,125
Jefferies maintained an underperform rating on SRF and hiked the target price to Rs 2,125 from Rs 2,085.
Chinese crop protection exports remain elevated
Challenges continue in specialty chemicals
Price erosion in key products may be seen as refrigerant gas faces a challenging FY25
Fluoropolymers to ramp up gradually as headwinds persist in packaging films
UBS on Bandhan Bank: Neutral| Target: Rs 230
UBS initiates coverage on Bandhan Bank with a neutral rating and a target price of Rs 230.
USB expects decline in credit costs to be limited and gradual
Recent MFI disbursements have better underwriting and the outcome of new CEO appointment and CGFMU claims are near-term catalysts.
Yes Securities on Tech Mahindra: Buy| Target: Rs 1,560| Stop loss: Rs 1,390
Pritesh Mehta of Yes Securities suggests a buy call on Tech Mahindra stating that bullish broadening and anchor column follow through is seen on P&F chart, suggesting strength.
Yes Securities on Indus Towers: Buy| Target price: Rs 400| Stop loss: Rs 350
The domestic brokerage firm Yes Securities suggests buying Indus Towers as the stock is attempting to surpass the peak of the current month and bullish turtle breakout post base formation.
Yes Securities on Granules: Buy| Target price: Rs 530| Stop loss: Rs 530
Witnessing follow through move post bullish anchor column and ABC breakout, Yes Securities is positive on Granules.
(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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