Hot Stocks: Brokerage view on LIC, Suzlon Energy, Inox Wind and Hindalco
Synopsis
Investec brokerage firm upheld its buy recommendation for Hindalco, while Nuvama initiated coverage on Inox Wind and Suzlon Energy with buy ratings, respectively. Goldman Sachs has given LIC a neutral rating following its Q4 results.
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 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.
Stocks Recommendations
Strong industry tailwinds a 'powerful' growth enabler. The company will benefit of a restructured balance sheet.
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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