Hot stocks: Brokerages on RIL, Lupin, Bharti Hexacom and Sunteck Realty
Lupin, while Macquarie maintains a neutral view on Reliance Industries. Citi and Investec have «buy» ratings on Bharti Hexacom and Sunteck Realty, respectively.
We have collated a list of recommendations from top brokerage firms from ETNow and other sources:
Nomura on Lupin: Buy | Target price: Rs 2,427
Nomura has maintained a «buy» rating on Lupin and increased the target price to Rs 2,427 from Rs 1,952. The firm cites strong support from US generics for near-term earnings and anticipates improvements in other markets and segments. Nomura has revised its earnings estimates upwards, considering higher US sales. The firm also expects growth and profitability improvements across key markets, which could attract a premium compared to peers.
Citi on Bharti Hexacom: Buy | Target price: Rs 1,405
Citi has initiated a buy view on the stock with a target price of Rs 1,405.
The company is an attractive midcap telco with a strong growth outlook. It is a pure-play regional telecom operator with healthy B/S. Citi is positive on India's telecom sector and sees an improved likelihood of future tariff hikes in the company, signs of waning competitive intensity.
The stock has outperformed meaningfully following its April 2024 listing. The global brokerage firm sees a stronger growth outlook, robust balance sheet, and superior return ratios vs peers for Hexacom.
Investec on Sunteck Realty: Buy | Target price: Rs 765
Investec has maintained a «buy» rating on the stock and increased the target price to Rs 765 from Rs 640. Pre-sales
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