Hot stocks: Brokerage view on Infosys, Dalmia Bharat, Havells and ONGC
Infosys. UBS has issued a sell call on Dalmia Bharat. Jefferies maintained a hold call on Havells while increasing its target price. Additionally, Citi has issued a buy call on ONGC with an increased target price.
We have collated a list of recommendations from top brokerage firms from ETNow and other sources:
Citi on Infosys: Neutral | Target price: Rs 1,850
Citi has maintained a neutral rating on Infosys and hiked the target price to Rs 1,850 from Rs 1,550.
Margins were slightly ahead, aided by one off and guidance was revised to 3-4%, partly acquisition-led. Citi sees better growth, strong TCV momentum, and improved FCF trends. Infosys remains a preferred pick in Indian IT although near-term upsides may be capped given the sharp 25% up move in the past 45 days.
Bernstein on Infosys: Outperform | Target price: Rs 2,100
Bernstein has maintained an outperform rating on the stock while hiking the target price to Rs 2,100 from Rs 1,650
Commenting on the Q1FY25 performance, the global brokerage firm said 'Up-cycle' is here. Infosys has delivered its strongest beat in 10 quarters across revenue, margins and EPS and the deal momentum was strong at $4.1 bn. Bernstein sees the beginning of an up-cycle trend as growth recovers, BFSI inflects and Al deals scale up.
UBS on Dalmia Bharat: Sell | Target price: Rs 2,160
UBS has maintained a sell call on Dalmia Bharat with a target price of Rs 2,160.
UBS commented on Q1FY25 results saying that cost control drives beat. EBITDA beat UBS-e/consensus by 18%/16% on lower
