Hot Stocks: Brokerages view on SBI, Voltas, Zomato, Maruti and HDFC Bank
Maruti Suzuki and downgraded HDFC Bank to outperform. Morgan Stanley maintained an overweight rating on Zomato and upgraded Voltas to Equal Weight. Bernstein downgraded SBI.
We have collated a list of recommendations from top brokerage firms from ETNow and other sources:
CLSA on Maruti Suzuki: Outperform| Target Rs 12,890
<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-108382036»>CLSA maintained an outperform rating on Maruti Suzuki India but raised the target price to Rs 1,2890 from Rs 1,1314 earlier.
The PV segment is likely to revive in FY26. The share of CNG vehicles is likely to rise. Maruti’s market share is likely to increase.
The stock is inexpensive and is trading below its 10-year average multiples which is a positive sign for the bulls.
CLSA on HDFC Bank: Outperform| Target Rs 1,650
CLSA downgraded HDFC Bank to outperform from a buy earlier and slashed the target price to Rs 1,650 from Rs 2,025 earlier.
The private sector bank faces twin challenges on deposits — A high ask rate and a tough environment.
Improving yields offset by muted CASA accretion to keep NIM recovery gradual. The global investment bank slashed earnings per share (EPS) estimates due to lower loan growth and cut the FY25 loan growth estimate to 10% vs 15% earlier.
Think the net interest margin (NIM) recovery will be more 'U-shaped' than 'V-shaped'. It slashed FY25/26 EPS estimates by 5%.
Morgan Stanley on Zomato: Overweight| Target Rs 180
Morgan Stanley maintained an overweight rating on Zomato with a target price of Rs 180. Media reports suggest that Flipkart is planning to launch
