Sunday, February 16, 2025
HomeBusinessStocks on brokerages’ radar for January 23

Stocks on brokerages’ radar for January 23

-

[ad_1]

Stocks on brokerages’ radar for January 23

Emkay Global Financial Services has maintained its ‘buy’ rating on Hindustan Unilever with a target price of Rs 2,675 (+14%). Despite a sub-par financial performance and muted near-term demand outlook, analysts maintained their positive stance on HUL since they feel in the medium term, the company’s enhanced execution could absorb the impact of macro stress.
Elara Securities India has maintained its ‘accumulate’ rating on Dalmia Bharat but target price to Rs 2,023 (+12%) from Rs 2,265 earlier. Analysts believe in the near term, ramp-up of underutilized plants and in the medium-term capacity addition in the high margin market of the Northeast should drive earnings. The cut in target price was to account for the weak volume trend.
InCred Equities has given a ‘reduce’ rating on Tata Technologies with a target price of Rs 740 (-7%). Analysts feel the company’s Oct-Dec quarterly numbers were largely in-line while its margin beat was aided by benefit from reversal of provisions. They feel automotive demand trends are consistent while OEMs are holding back spends pending regulatory clarity. They feel the stock’s valuations are turning sane post the ~20% correction in the price since June 2024.
Yes Securities has maintained its ‘add’ recommendation on ICICI Prudential Life Insurance but with a reduced target price at Rs 750 (+25%). Analysts feel the life insurer’s value of new business declined materially on sequential basis as product mix evolved negatively, while annual premium equivalent growth was healthy with various businesses contributing.
Motilal Oswal Financial Services has maintained its ‘buy’ recommendation on Siemens but cut its target price to Rs 7,500 (+28%) from Rs 8,000 earlier. Analysts cut their estimates to factor in a slower pick-up in digital industries and mobility segment inflows. They do expect near-term order inflow pick-up to be weak for non-energy segments due to a slower-than-expected pick-up in private capex. With an anticipated revival in government capex and an increased focus on exports, they expect Siemens to benefit and emerge as a manufacturing hub for its parent company in the export market going forward.
Disclaimer: The opinions, analyses and recommendations expressed herein are those of brokerage 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.



[ad_2]

Source link

LATEST POSTS

Kotak Bank shares in focus as RBI lifts restrictions on opening new bank accounts, credit card issuance

The shares of private lender Kotak Mahindra Bank will remain in focus on Thursday, February 13, after the Reserve Bank of India (RBI) lifted...

Stocks to buy: Top recommendations for February 13, 2025

Jefferies has initiated its coverage of recently listed ITC Hotels with a ‘buy’ recommendation with a target price of Rs 240 (+37%)....

New income tax bill to be introduced in Lok Sabha today; primary objectives include ease of paying taxes, more direct rules

The Income Tax Bill will drop several obsolete provisions, decriminalise many offences, introduce the concept of ‘tax year’ and provide a ‘Taxpayer’s Charter’, marking...

Too many models, too much confusion: OpenAI pledges to simplify its product line

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More OpenAI plans to “simplify” its model...

Most Popular

spot_img