Hot Stocks: Brokerage view on Tata Motors, Titan, IndusInd Bank and GMR Airports
Titan Company, CLSA has an outperform rating on Tata Motors and Citigroup recommended a buy on IndusInd Bank.
We have collated a list of recommendations from top brokerage firms from ETNow and other sources:
Jefferies on GMR Airports: Buy | Target: Rs 100
Jefferies maintained a buy rating on GMR Airports with a target price of Rs 100. GMR management met investors at JEF Indian Equities Access Day in New York.
The expansion at Delhi/Hyderabad Airports to aid traffic growth and non-Aero revenues. The merger of GIL and GAL is targeted to be completed in this quarter.
The company filed a new tariff application for a DIAL and may be implemented by 4QFY25. The management focus is on developing an airport platform strategy, consolidating the non-aero businesses, and reducing complexity. The focus is on managing leverage in FY25.
Morgan Stanley on Titan Company: Equal Weight | Target: Rs 3,526
Morgan Stanley maintained an Equal Weight rating on Titan Company with a target price of Rs 3,526. The management reiterated the long-term opportunity and the strategy for the jewellery business.
The focus for the company remains on driving its market share from 8% currently. The company will be prioritizing investments to drive growth.
The management believes that there is a downward pressure on margins, and the Jewellery market is becoming more crowded with new players.
CLSA on Tata Motors: Outperform | Target: Rs 1,181
CLSA maintained an outperform rating on Tata Motors with a target price of Rs 1181. The management is
