Kotak Mahindra Bank, Maruti Suzuki, HAL, and M&M shares top brokerage picks

Kotak Mahindra Bank (₹2,070), Maruti Suzuki (₹13,500), HAL (₹5,400), M&M (₹3,520), Ambuja Cement (₹950), Infosys (₹2,035), Thermax (₹6,100), and L&T (₹4,600) emerge as top picks from brokerages, showcasing growth potential across banking, auto, industrials, and IT sectors.

Brokerages on IT sector shares

  1. Citi on IT sector:
    • Coforge: Maintain Sell, target price raised to ₹7,790 (from ₹6,720) (Neutral).
    • LTIMindtree: Maintain Sell, target price revised to ₹5,460 (from ₹5,710) (Negative).
    • HCL Tech: Maintain Neutral, target price raised to ₹1,915 (from ₹1,815) (Neutral).
    • Persistent Systems: Maintain Sell, target price raised to ₹4,840 (from ₹4,220) (Neutral).
    • Infosys: Maintain Neutral, target price raised to ₹2,035 (from ₹1,965) (Neutral).
    • Wipro: Maintain Sell, target price raised to ₹280 (from ₹250) (Negative).
    • TCS: Maintain Sell, target price raised to ₹3,950 (from ₹3,935) (Neutral).
    • Mphasis: Maintain Sell, target price revised to ₹2,720 (from ₹2,725) (Neutral).
    • Tata Tech: Maintain Sell, target price cut to ₹836 (from ₹900) (Negative).
    • LTTS: Maintain Sell, target price cut to ₹4,500 (from ₹4,860) (Negative).
  2. CLSA on Wipro:
    • Downgrade to Hold, target price at ₹303 (Negative).

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Brokerages on auto sector shares

  1. Citi on M&M: Maintain Buy, target price at ₹3,520 (Positive).
  2. Citi on Maruti Suzuki: Maintain Buy, target price at ₹13,500 (Positive).
  3. Citi on Bajaj Auto: Maintain Sell, target price at ₹7,800 (Negative).

Brokerages on financial shares

  1. Citi on Kotak Mahindra Bank: Upgrade to Buy, target price raised to ₹2,070 (Positive).
  2. MS on Muthoot Finance: Maintain Equal Weight, target price at ₹1,825 (Neutral).
  3. MS on SBI Cards: Maintain Equal Weight, target price at ₹685 (Neutral).

Brokerages on industrial and engineering sector shares

  1. Jefferies on HAL: Maintain Buy, target price at ₹5,400 (Positive).
  2. Jefferies on Thermax: Maintain Buy, target price at ₹6,100 (Positive).
  3. Jefferies on Larsen & Toubro: Maintain Buy, target price at ₹4,600 (Positive).
  4. Jefferies on Siemens: Maintain Buy, target price at ₹9,555 (Positive).

Brokerages on cement sector shares

  1. Investec on Ambuja Cements: Maintain Buy, target price at ₹950 (Positive).
  2. Investec on JK Cements: Maintain Buy, target price at ₹5,260 (Positive).
  3. Investec on Ultratech Cement: Maintain Buy, target price at ₹12,425 (Positive).

Brokerages on energy and infrastructure shares

  1. Investec on NTPC: Maintain Buy, target price revised to ₹421 (from ₹457) (Positive).
  2. JP Morgan on Premier Energies: Maintain Neutral, target price at ₹1,148 (Neutral).

Disclaimer:

The above article is based on brokerage reports and reflects their stock/share analysis and recommendations. It is intended for informational purposes only and does not constitute financial advice. Readers are advised to consult their financial advisors before making investment decisions.