Hot Stocks: Brokerage view on ITC, Godrej Consumer, Coal India and L&T

JPMorgan on ITC: Overweight| Target Rs 490

JPMorgan maintained an overweight rating on ITC with a target price of Rs 490. Clearing of BAT stake sale overhang to reverse recent underperformance. Cigarettes growth is likely to trend higher from Q3 lows.

Good execution is driving share gain-led growth. In the non-FMCG business, hotels shine and the paper segment might show improvement from FY25.

JPMorgan on Godrej Consumer: Overweight| Target Rs 1300

JPMorgan maintained an overweight rating on Godrej Consumer with a target price of Rs 1300. The stock is ticking all the right boxes. There is a lot to be excited about India business.

Even as valuations have trended up, the potential for higher growth (vs peers) may support stock performance.

Jefferies on Coal India: Buy| Target Rs 520

Jefferies maintained a buy rating on Coal India with a target price of Rs 520. Global investment believes that the recent 13% decline offers a good buying opportunity.

Volume growth trajectory has improved to feed India's rising power demand. The big fall in e-auction prices seems largely behind.

The stock is trading at a steep 57% discount to Nifty-50 PE vs just 16% average discount over 2011-18.

CLSA on L&T: Buy| Target Rs 4260

CLSA maintained a buy rating on L&T with a target price of Rs 4260. L&T's number one customer guides for capex hike and non-fossil capex.

L&T has an improving outlook, with its $75bn pipeline up 29% YoY in Q4. Global Investment Bank believes that its margin will improve from Q4 on lower legacy orders in its backlog.

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