Fund houses and brokerages have shared their latest recommendations on various companies and sectors, highlighting growth opportunities and challenges. Below are the key takeaways for January 3, 2024:
Positive outlooks
- Jefferies:
- Amber: Maintains a “Buy” rating with a target price of ₹8,840.
- Syrma SGS: Reiterates “Buy” with a target of ₹730.
- Jubilant Food: “Buy” with a target of ₹1,000.
- ONGC: Continues with “Buy” and a target of ₹375.
- Utilities: Highlights weak power demand but favors JSW Energy and NTPC as top picks.
- Transportation and Logistics: Selects JSW Infra, Concor, and TCI Express as top picks.
- Nomura:
- Dixon: Maintains “Buy” with an ambitious target price of ₹22,256.
- Voltas: Reaffirms “Buy” with a target of ₹2,142.
- Consumer Staples: Prefers Marico, Hindustan Unilever, and ITC for their strong growth potential.
- CLSA:
- Adds Tata Motors, NTPC, Nestle, and Britannia to its India-Focus portfolio, removing HDFC Bank.
- Maintains “Overweight” on PNB Housing Finance and Shriram Finance.
- Citi:
- Eicher Motors: Retains “Buy” with a target of ₹5,350.
- Morgan Stanley:
- Maruti: Maintains “Overweight” with a target price of ₹14,124.
- NBFCs: Sees significant upside in PNB Housing Finance and Shriram Finance.
Neutral and cautious views
- Jefferies:
- Dixon: Rates “Underweight” with a target of ₹12,600.
- Kaynes: Holds “Neutral” with a target of ₹6,950.
- Citi:
- DMart: Retains “Sell” with a target of ₹3,500.
- TVS Motors: Maintains “Sell” with a target of ₹1,700.
- CLSA:
- Cuts target prices for Indusind Bank (₹1,300) and Bandhan Bank (₹220) but retains “Overweight” ratings.
- HSBC:
- Notes stable credit growth in the banking sector, projecting 12.5% growth in FY25, but flags GDP slowdown risks.
Disclaimer
This article is for informational purposes only and does not constitute investment advice. Readers should perform their own research or consult a financial advisor before making investment decisions.