Hot stocks: Brokerage view on Bajaj Auto, KEI Industries, Zydus Life and L&T Tech
Macquarie has a neutral rating on Bajaj Auto while Jefferies has a buy rating on KIE Industries. Macquarie has maintained its outperform rating on Zydus Life and Investec has retained a sell rating on L&T Technology.
We have collated a list of recommendations from top brokerage firms from ETNow and other sources:
<div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-114299885»> Macquarie on Bajaj Auto: Neutral| Target price: Rs 11,072
Macquarie has maintained a Neutral rating on Bajaj Auto with a target price of Rs 11,072.
The second quarter was in line with the estimates, however, gross margins were disappointing. A higher share of new products has driven gross margins miss. The festive outlook looks muted vs Macquarie’s expectations.
Jefferies on KEI Industries: Buy| Target price: Rs 5,720
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