Hot Stocks: Brokerage view on LIC, Suzlon Energy, Inox Wind and Hindalco
Investec brokerage firm upheld its buy recommendation for Hindalco, while Nuvama initiated coverage on Inox Wind and Suzlon Energy with buy ratings, respectively. Goldman Sachs has given LIC a neutral rating following its Q4 results.
firm maintained a buy on , initiated on and with a rating respectively. has a neutral rating on post-Q4 results.We have collated a list of recommendations from top brokerage firms from ETNow and other sources:
Investec on Hindalco Industries: Buy| Rs 750
Investec maintained a buy rating on Hindalco Industries with a target price of Rs 750. Novelis listing is positive based on the indicated price band.
Nuvama on Inox Wind: Buy| Target Rs 193
Nuvama initiated coverage on Inox Wind with a target price of Rs 193. The company is a beneficiary of regulatory tailwind and favourable market conditions.
The order book has now climbed to new highs. The company defended 15% market share in a down-cycle.
Reviving macros in a duopolistic wind EPC market shall enable it to achieve an order book/revenue CAGR of 44%/73% over FY24-27.
Nuvama on Suzlon Energy: Buy| Target Rs 53
Nuvama initiated coverage on Suzlon Energy with a buy rating and a target price of Rs 53.
Strong industry tailwinds a 'powerful' growth enabler. The company will benefit of a restructured balance sheet.
It is capable of sustaining its lead in WTG/turnkey EPC execution. The global investment bank expects order book/PAT CAGR of 21%/61% over FY24-27.
Goldman Sach on LIC: Neutral| Target Rs 950
Goldman Sach maintained a neutral rating on LIC with a target price of Rs 950.
The business mix is heading in the right direction, but the margin trajectory remains gradual.
The management expects non-par products to outpace the rest of the top-line growth, leading to steady improvement in the value of new business (VNB) margins.
(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
Nuvama on Inox Wind: Buy| Target Rs 193
Nuvama initiated coverage on Inox Wind with a target price of Rs 193. The company is a beneficiary of regulatory tailwind and favourable market conditions.
The order book has now climbed to new highs. The company defended 15% market share in a down-cycle.
Reviving macros in a duopolistic wind EPC market shall enable it to achieve an order book/revenue CAGR of 44%/73% over FY24-27.
Nuvama on Suzlon Energy: Buy| Target Rs 53
Nuvama initiated coverage on Suzlon Energy with a buy rating and a target price of Rs 53.
Strong industry tailwinds a 'powerful' growth enabler. The company will benefit of a restructured balance sheet.
It is capable of sustaining its lead in WTG/turnkey EPC execution. The global investment bank expects order book/PAT CAGR of 21%/61% over FY24-27.
Goldman Sach on LIC: Neutral| Target Rs 950
Goldman Sach maintained a neutral rating on LIC with a target price of Rs 950.
The business mix is heading in the right direction, but the margin trajectory remains gradual.
The management expects non-par products to outpace the rest of the top-line growth, leading to steady improvement in the value of new business (VNB) margins.
(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
Source: Stocks-Markets-Economic Times
