Hot Stocks: Brokerage view on Bajaj Finance, GAIL, Exide, JK Cement, Supreme Industries and Federal Bank
Bajaj Finance, while Citi has a buy call on GAIL and Exide. Jefferies has a buy view on JK Cement and Supreme Industries, and Kotak Securities has a buy call on Federal Bank.
We have collated a list of recommendations from top brokerage firms from ETNow and other sources:
Morgan Stanley on Bajaj Finance: Overweight | Target price: Rs 9,000
Morgan Stanley has maintained an overweight call on Bajaj Finance with a target price of Rs 9,000
The company’s AUM rose 6% QoQ, lower than BAF's consolidated AUM growth of 7% QoQ while the PBT grew 29% QoQ (+20% YoY) due to higher non-interest income and lower operating expenses. The PAT grew 27% QoQ (+5% YoY) due to a higher tax rate and the consolidated PAT forecast for Bajaj Finance is +2% QoQ, +13% YoY.
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Citi On GAIL: Buy | Target price: Rs 250
Citi has maintained a buy call on GAIL and hiked the target price to Rs 250 from Rs 230.
The company saw an increased valuation multiple for the gas transmission business and a slightly increased gas transmission volume forecast to 5% CAGR over FY 24-27.
Citi on Exide: Buy | Target price: Rs 630
Citi has maintained a buy view on the stock, while hiking the target price to Rs 630 from Rs 560.
The hike in target reflects stronger demand growth expectations and Citi expects better margins due to improved mix. The global brokerage firm has also raised earnings estimates by 2-10% over FY25-27.
Jefferies on JK Cement: Buy | Target Price: Rs 4,950
Jefferies maintained a buy
