
Hot Stocks: Brokerages on Tech Mahindra, Kaynes Technology, Aadhar Housing and 360 One
Tech Mahindra, while Kotak Securities has an add rating on Kaynes Technology and has also initiated coverage on Aadhar Housing with a buy rating. Citi has a buy rating on 360 One.
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-113010386»> Citi on Tech Mahindra: Sell | Target price: Rs 1,260
Citi has maintained a Sell rating on Tech Mahindra with a target price of Rs 1,260.
The company remains focused on its 15% EBIT margin target for year 3, as previously indicated. The commercial segment is performing better than in recent quarters, but growth remains challenging in the current environment. While BFSI is gradually improving, progress is slow. Manufacturing performance is similar to last year, but Asia Pacific is outperforming expectations. With valuations at 25x FY26E consensus EPS, a significant amount of improvement is already priced in.
Kotak Securities on Kaynes: Add | Target price: Rs 4,950
Kotak Securities has maintained an Add rating on Kaynes and raised the target price to Rs 4,950 from Rs 4,650. OSAT approval could be a potential game changer for Kaynes, as the company diversifies into the semiconductor value chain. Scaling up margins and achieving return ratios in line with global peers are crucial. Diversifying into new growth areas is a strategic move, with the potential for a near-term catalyst.
Kotak Securities on Aadhar Housing: Buy | Target price: Rs 550
Kotak Securities has initiated a buy rating on the stock with a target price of Rs 550. Kotak
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