A slew of brokerage notes released on July 17 have spotlighted key Indian stocks across sectors, with a mix of positive and neutral commentary. Here’s a look at the top brokerage views:
ITC Hotels received positive sentiment from both Jefferies and Macquarie, with both maintaining a Buy rating on the stock while raising the target price to ₹270 per share, indicating confidence in the hospitality arm of ITC Ltd.
Thermax drew a positive view from Kotak Institutional Equities, which retained an Add rating and raised its target price to ₹3,800 per share.
L&T Technology Services (LTTS) saw divergent views. Morgan Stanley retained an Underweight rating but raised its target to ₹4,500, while HSBC maintained a Hold with a target of ₹4,790. Meanwhile, Citi continues to remain bearish, reiterating a Sell rating with a target of ₹4,015.
Tech Mahindra was the most reviewed stock of the day, attracting attention from five brokerages:
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HSBC and Nomura maintained Buy ratings, with targets at ₹1,900 and ₹1,810 respectively.
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Jefferies retained an Underperform rating and slashed its target price to ₹1,400.
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Macquarie reiterated an Underperform call but raised the target slightly to ₹1,110.
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Morgan Stanley held its Underweight stance and cut the target to ₹1,555.
Consumer durables stocks also came under the radar. Jefferies highlighted Voltas, Blue Star, Crompton Consumer, V-Guard, Whirlpool, and Amber Enterprises as key summer-season plays, but kept an overall Neutral stance on the segment.
Angel One received a Buy rating from Investec, which retained its target price at ₹2,700.
Lastly, Nomura maintained a Neutral rating on Glenmark Pharmaceuticals, with a target price of ₹1,500.
Disclaimer: The views and investment recommendations expressed above are those of the respective brokerages. They do not represent the views of this publication. Investors are advised to consult certified financial advisors before making any investment decisions.
