Hot Stocks: Brokerages view on Eicher Motors, BSE, L&T and Sai Silks
BSE Ltd while Nomura has a neutral rating on Eicher Motors.
Also, Elara Capital recommended a buy on L&T and HDFC Securities Institutional Research has a buy on Sai Silks (Kalamandir).
We have collated a list of recommendations from top brokerage firms from ETNow and other sources:
Jefferies on BSE: Buy| Target Rs 2700
Jefferies initiated coverage on BSE Ltd with a buy with a target of Rs 2700.
The stock is riding on the digitization of the Indian Capital Markets.
BSE can leverage macro tailwinds along with headway into derivatives. Derivatives are likely to make up 35% of BSE's revenues.
Diversified revenue streams provide a long growth runway.
It could drive 150% earnings jump in FY24, and double earnings over FY24-26.
The valuations are reasonable at 31x fwd P/E vs RTAs at 38x, AMC at 28x, and depositories at 48x.
Nomura on Eicher Motors: Neutral| Target Rs 3640
Nomura maintained a neutral rating on Eicher Motors with a target price of Rs 3640. The new Himalayan bike is seen as a significant upgrade.
Reviews of the bike are strong as well.
With 25% higher pricing, focus is on retaining exclusivity vs large Sells.
The global investment bank estimates sales of Himalayan to improve to 4k units per month vs 3k per month.
Elara Capital on L&T: Buy| Target Rs 3750
Elara Capital maintained a buy rating on L&T with a target price of Rs 3750. L&T is on track to achieve its financial goals.
