Hot Stocks: Brokerages view on Bajaj Auto, LTIMindTree, NTPC and TCS
Bajaj Auto to sell while Macquarie maintained outperform rating on LTIMindtree. Sharekhan maintained a buy rating on NTPC and TCS ahead of the buyback.
We have collated a list of recommendations from top brokerage firms from ETNow and other sources:
UBS on Bajaj Auto: Sell| Target Rs 5600
UBS maintained a sell rating on Bajaj Auto with a target of Rs 5600.
e-3W transition dilutive to margins and market share.
The global investment bank is of the view that the market is overly confident about Bajaj Auto's e-3W market share and looted margins.
“Competition and regulation could further dent margins,” said the note.
Macquarie on LTIMindTree: Outperform| Target Rs 7050
Macquarie maintained an outperform rating on LTIMindtree with a target price of Rs 7050. LTIM expects to improve cross-selling and increase the number of services used by a client to 5-6 vs 2-3.
Manufacturing, Energy, Travel and Insurance segments are expected to see better growth.
The management expects a permanent reduction in DSOs once collection is done by the Government.
M&A might be an option for the Healthcare vertical as it is currently small.
Sharekhan on NTPC: Buy| Target Rs 300
Sharekhan maintained a buy rating on NTPC with a target price of Rs 300. NTPC plans to add 11.2 GW (apart from U/C capacity of 10 GW) of thermal power capacity beyond FY26 provides strong earnings growth visibility.
A new thermal capacity addition amid rising peak power deficit could act as a key re-rating catalyst as its valuations of 1.5x FY26E P/BV remain reasonable despite sharp run-up in the stock price.
“NTPC is our top pick in the power sector, given its strong earnings growth visibility, attractive valuation of 1.5x FY26E P/BV and a healthy dividend yield of
