Hot Stocks: Brokerage view on Tata Motors, Vodafone Idea, Godrej Consumer and Bajaj Finance
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We have collated a list of recommendations from top brokerage firms from ETNow and other sources:
Nomura on Tata Motors: Buy| Target Rs 786
Nomura maintained a buy rating on Tata Motor with a target price of Rs 786. JLR reports QoQ and YoY increase in retail and wholesale volumes for Q2.
The global investment bank sees a strong order book and healthy growth of retail demand. JLR is on track to meet full-year FCF estimates.
CLSA on Vodafone Idea: Sell| Target Rs 7
CLSA maintained a sell rating on Vodafone Idea with a target price of Rs 7. There is a continued share loss even in priority circles.
The company has slashed Capex plans. The first priority is bank debt repayments. Going forward, fundraising is critical for 5G rollout.Jefferies on Godrej Consumer: Buy| Target Rs 1200
Jefferies maintained a buy rating on Godrej Consumer with a target price of Rs 1200.
Weak volume growth but margin expansion is coming to the rescue. India’s volume growth moderated to a mid-single digit impacted by adverse weather conditions.
The global investment bank expects 26% YoY EBITDA growth and 28% EPS growth off a low base led by margin expansion.
Jefferies on Bajaj Finance: Buy| Target Rs 8830
Jefferies maintained a buy rating on Bajaj Finance with a target price of Rs 8830.
Capital raising is along expected lines. FY25E EPS & BVPS may rise 6% & 13%. The return on equity (ROE) will fall slightly.
The stock is among the top NBFC picks.
(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
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