Brokerages have issued fresh stock calls for Tuesday, June 10, highlighting a mix of positive, neutral, and negative outlooks across sectors. Here’s a roundup of the latest recommendations:
Positive Recommendations
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Bansal Wire: DAM Capital has maintained a Buy rating and raised the target price to Rs 481/share, reflecting confidence in the company’s long-term prospects.
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Hindustan Aeronautics (HAL): Antique Broking reiterated a Buy with a raised target of Rs 6,545/share, driven by robust order flows and execution visibility.
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Mazagon Dock Shipbuilders: Antique maintained a Buy rating with a target of Rs 3,858/share, citing a strong defence manufacturing pipeline.
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PTC Industries: Antique continues to recommend a Buy with a target of Rs 19,639/share, betting on high-margin engineering products.
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Bharat Electronics (BEL): Antique has also reiterated its Buy call on BEL, with a target price of Rs 422/share.
Neutral Recommendations
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Infosys: Jefferies maintained a Buy rating but flagged a neutral outlook due to macro headwinds, with a target of Rs 1,660/share.
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Tata Communications: Nuvama retained a Buy call with a Rs 2,000/share target, based on steady enterprise business.
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Financials/Microfinance: Macquarie indicated early signs of stress relief in the microfinance space, but kept an overall Neutral view on the financials sector.
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Asset Management Companies (AMCs): Nomura reported that monthly equity mutual fund inflows moderated to Rs 24,200 crore, suggesting a Neutral stance on AMCs.
Negative Recommendations
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Asian Paints:
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Morgan Stanley maintained an Underweight rating with a Rs 1,909/share target, citing margin pressure.
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Investec continued with a Sell rating, setting a slightly higher target of Rs 2,080/share, pointing to premium valuation concerns.
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These recommendations provide key signals for investors navigating the current market landscape, with a mix of defence, tech, and consumer stocks under close watch.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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