Stocks on brokerages’ radar for December 18

Motilal Oswal Financial Services has a ‘buy’ recommendation on Kirloskar Oil Engines with a target price of Rs 1,540 (+39%). Despite near term weakness seen in its key power generation segment, Analysts at MOFSL are positive on Kirloskar Oil Engines based on its strategy to grow share of high kVA rating products over medium to long term; its ability to benefit from strong distribution network versus other smaller players in the industry, and a sharp valuation discount versus market leader.
ICICI Securities has come out with an update on the media sector. The brokerage house has ‘buy’ recommendations on PVR Inox (Target price: Rs 2,250; +50%), Sun TV (TP: Rs 1,111; +52%) and Zee Entertainment Enterprises (TP: Rs 195; +43%). Sun TV and Zee Ent are seen gaining market share in some of the regional segments.
InCred Equities has a ‘buy’ recommendation on Persistent Systems with a target price of Rs 6,863 (+5%). Analysts at InCred Equities are bullish on the stock because of the company’s business momentum and also they see green shoots in the hi-tech vertical that could drive Persistent Systems’ revenue growth
In its monthly note on metal stocks, analysts at Emkay Global said they feel there’s a potential demand-supply mismatch for aluminium in 2025. The brokerage has a ‘sell’ recommendation on Hindalco (TP: Rs 600; -6%), but ‘buy’ recommendations on Nalco (TP: Rs 275; +21%) and Vedanta (TP: Rs 600; +19%).
JM Financial has a ‘buy’ rating on Piramal Pharma with a target price of Rs 340 (+30%), based mainly on the company’s contract research, development and manufacturing (CRDM) capabilities. Analysts are bullish majorly on the back of Piramal Pharma’s wide geographic presence and end-to-end CRDM capabilities.
Disclaimer: The opinions, analyses and recommendations expressed herein are those of brokerages and do not reflect the views of The Times of India. Always consult with a qualified investment advisor or financial planner before making any investment decisions.