BROKERAGE HSBC
Hot Stocks: Brokerages on Amara Raja, United Spirits, Dixon Technologies, and Grasim
Morgan Stanley maintained an underweight rating on Amara Raja with a target price of Rs 967. MS thinks that the company now matches Exide on capability but needs to catch up on customer wins and in the ramp-up timeline.
India's inflation also 'K-shaped'; rural folk more hurt by price-rise: HSBC
The government lent a helping hand by cutting several fuel prices but many of the fuels like petrol, diesel and LPG are not commonly used in rural areas, like they are in urban centres, leading to rural inflation being much higher than urban, it said.
HSBC estimates Prosus stake in ecommerce unicorn Elastic Run at $200 million
HSBC, in a research note dated May 21, nearly halved the valuation estimate for B2B company Elastic Run, pushing its valuation below the $1-billion 'unicorn' mark. The startup, backed by SoftBank and Prosus, was last valued at $1.5 billion in 2022.
HSBC cuts Elastic Run valuation; Hero MotoCorp doubles down on Ather
HSBC has cut its valuation estimate for B2B ecommerce firm Elastic Run by nearly half, bringing it under $1 billion. More on this in today’s ETtech Top 5.
Food delivery, quick commerce take a bite out of QSR sales: brokerage reports
For the overall QSR industry, revenue growth for the final quarter of FY24 was at 9% on a year-on-year basis, down from 18% a year ago, while both same-store sales growth (SSSG) and average daily sales (ADS) declined, a report from brokerage firm BNP Paribas Exane said.
Hot Stocks: Brokerages view on Adani Ports, Apollo Tyres; HSBC downgrades Colgate
Brokerage firm Jefferies maintained an underperform rating on Dixon Technologies, Nomura upgraded Apollo Tyres to neutral, Jefferies recommend buy on Adani Ports and HSBC downgraded Colgate to hold.
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Promoter group entities likely to sell 2.5% stake in Cipla worth Rs 2,637 crore via block deals: Report
The price range of the block is fixed at Rs 1,289-1,357, taking the total deal value to around Rs 2,637 crore.
Cipla shares gain 6% on upbeat Q4 numbers
Jefferies has maintained its 'Hold' rating while increasing the price target from ₹1,250 to ₹1,400. "We maintain our Hold rating on the stock, as the company continues to falter on key product launches in the US along with inability to meet its own launch guidance while the stock trades at rich valuation of 24x FY26 EPS," said Jefferies' analysts.
Bajaj Finance's margin pressures make brokerages bearish
The average analyst price targets on Bajaj Finance after the fourth quarter results stood at ₹8,477 implying an upside of 20.6% over Friday's closing.
Top brokerages bullish on Reliance, raise price targets
Analysts said that Reliance's balance sheet remains strong but growth in retail and oil-to-chemical businesses is expected to be muted in the short term, but the company's digital services led by Jio could be a key driver.
Hot Stocks: Brokerage view on ICICI Lombard, LTI MindTree, HDFC Bank and Maruti Suzuki
Hyundai has outpaced Maruti on the earnings front in the past few years due to its premium and SUV positioning, but Maruti is catching up.
Hot Stocks: Brokerages view on Avenue Supermarts, Bajaj Finance, ICICI Bank and Sun Pharma
Brokerage firm HSBC maintained a buy rating on Sun Pharma, Citigroup recommended a buy rating on ICICI Bank, JPMorgan has an overweight rating on Bajaj Finance and CLSA recommended a buy rating on Avenue Supermarts.
HSBC suggests top midcap picks; deeper drop unlikely
HSBC's top midcap picks in Mumbai expected to deliver 9%-55% returns this year. Firm sees midcap opportunities in the sell-off, unlikely deep correction in small and midcaps due to a strong domestic economy and market conditions.
HSBC dispels fears of deeper correction in midcaps. Picks Nykaa, 7 more stocks as buys
HSBC has identified 8 midcap stocks, which could give up to 58% returns. It has dispelled fears of a deeper correction in midcaps from here, like what happened in 2018 when the BSE Midcap index fell by over 13%.
Hot Stocks: Brokerages on Bharti Airtel, DMart, MGL, Cummins, Bajaj Finance and IRB Infra
Jefferies, HSBC, BofA, CLSA, and Kotak Securities offer buy views on Bharti Airtel, MGL, Cummins, Bajaj Finance, Avenue Supermarts, and IRB Infrastructure, respectively. Various targets set for each stock.
Hot Stocks: Brokerage view on Zomato, AB Capital, Asian Paints and Westlife Food
Brokerage firm JPMorgan maintained an overweight rating on Westlife Foodworld, Macquarie recommended an outperform rating on Asian Paints, HSBC maintained a buy rating on Zomato and Morgan Stanley recommended equal weight stance on AB Capital.
Hot Stocks: Brokerages view on HDFC Bank, Apollo Hospitals, M&M and Tata Steel
Brokerage house CLSA maintained an underperform tag on JSPL but raised the target price to Rs 840 from Rs 820 earlier, while it downgraded Tata Steel to sell from outperform and slashed the target price to Rs 135 from Rs 145.
Hot Stocks: Brokerage view on Kotak Mahindra, Glenmark Pharma, Biocon and RIL
The risk-to-reward ratio is unfavourable at current levels. Earnings downgrades will continue due to a lack of new launches.
Adani Ports rises 3.5% post Q3 numbers, analysts bullish
The average analyst price target on Adani Ports available on Bloomberg after the third quarter results stood at Rs 1,301.05, implying an upside of 3.1% over Friday's closing. Analysts said the company's record profit was driven by strong volumes and the growth outlook remains strong.
Most analysts hold targets on Bajaj Finance, upside seen at 28%
The average analyst price target on Bajaj Finance available on Bloomberg after the third quarter results stood at ₹8,721.69, implying an upside of 27.9% over Tuesday's closing.
Multibagger Zomato hits fresh 52-week high on HSBC's target upgrade
The Zomato stock hit a 52-week high on Thursday after the brokerage HSBC gave an "extremely strong 2023" review on the stock. The company reported profits in back-to-back quarters ended June and September.
Hot Stocks: Brokerage view on HCL Technologies, Zomato, Bank of India and Bharti Airtel
Jefferies maintained a buy rating on Bharti Airtel and raised the target price to Rs 1300 from Rs 1085 earlier. The brokerage firm retained an underperform rating on Indus Tower but raised the target price to Rs 160 from Rs 150 earlier.
Hot Stocks: Brokerage views on Marico, GCPL and Titan
Morgan Stanley has maintained an Equal weight' stance on the Marico stock for a price target of Rs 553. In a note it said that the environment of no to low top-line growth persists which is a constraint on profitability in the general trade channel and remains an overhang for the FMCG sector as a whole.
Real Estate stocks to be driven by rate moves & launches, says HSBC
HSBC said, at the same time, investors are benefiting from the 'wealth effect', and the momentum of their recent property performance should keep the demand strong well into 2024. HSBC has maintained its 'buy' rating on real estate developers-Prestige Estates and Sobha, while putting a 'hold' on DLF and Godrej Properties and a 'reduce' on Oberoi Realty.
Hot Stocks: Brokerage views on Arvind, Colgate, Nestle India and Ugro Capital
Brokerage firm SPARK initiated coverage on Arvind with a buy rating, HSBC upgraded Colgate Palmolive India to a buy from hold earlier while it downgraded Nestle India to hold. Centrum Institutional Research initiated coverage on Ugro Capital with a buy rating.
Titan Q2 earnings garner positive views from brokerages; CLSA, HSBC recommend buy
Titan Company on Friday reported a nearly 10% year-on-year (YoY) rise in net profit for the quarter ended September 2023 to Rs 940 crore. This was way higher than an ETNow poll of Rs 860 crore. Revenue from operations grew by 34% YoY to Rs 11,660 crore and was also above the estimated Rs 10,375 crore.
Torrent Pharma price targets up, point to 12% upside
The average price target of brokerages compiled by Bloomberg is ₹2,159, implying an upside of 12% from Monday's closing.
HSBC expects 20% upside in Zomato shares
HSBC has valued Blinkit at $5 billion. At Wednesday's closing price, parent Zomato's market value was ₹85,941 crore or over $10.42 billion.
Hot Stocks: Brokerage view on UPL, RIL, Piramal Enterprises and Indian Bank
The stress test suggests that the balance sheet remains protected despite headwinds. LatAm is a potential catalyst and the global CP business is much undervalued.
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