Hot Stocks: Brokerage view on BSE, IOC, Sona BLW, REC and Newgen Software

Jefferies on Newgen Software: Buy| Target Rs 1150

Jefferies maintained a buy rating on Newgen Software but raised the target price to Rs 1150 from Rs 1070 earlier.

The Q4 growth was ahead of estimates driven by annuity and license sales. Strong growth outlook led by core markets. Strong growth visibility is likely to sustain premium valuations in the future.

CLSA on REC: Buy| Target Rs 595

CLSA maintained a buy rating on REC but raised the target price to Rs 595 from Rs 560 earlier.

The company reported a solid end to a strong year in Q4. The capex-led growth outlook is positive.

Lanco Amarkantak and improved rating of discoms support credit costs. 15-18% AUM growth over the next 3-4 years.

Margins remain steady on a QoQ basis. Thermal capex is picking up in FY25 which will be a key positive.

Jefferies on BSE: Hold| Target Rs 3000

Jefferies maintained a hold rating on BSE but raised the target price to Rs 3000 from Rs 2900 earlier.

The price hike comes through, focus moves to business quality. It has announced a blended 20% price hike for its derivatives products and is now priced at par with NSE.

The price hike reduced the impact of the SEBI fee hike to just 2-4% of EPS. The medium-term outlook remains healthy, and the near-term triggers are limited.

BofA Securities on Sona BLW: Underperform| Target Rs 625

BofA Securities maintained an underperform rating on Sona BLW but raised the target price to Rs 625 from Rs 600 earlier.

The company reported a strong quarter. The order book is steady, but there are some speed bumps on non-EV business. Valuations cap upside.

Investec on IOC: Sell| Target Rs 110

Investec downgraded IOC to sell from hold earlier but raised the target price to Rs 110 from Rs 85 earlier post Q4 results.

Q4 miss was on weaker refining margins. However, earnings volatility is likely to persist in future as well. IOC lacks pricing freedom for petrol, diesel, and LPG.

(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)