Hot Stocks: Brokerage view on Adani Ports, D-Mart, AB Capital and BEL

Jefferies on Defence: BEL, HAL, Data Patterns

Jefferies maintained a buy rating on BEL but raised the target price to Rs 260 from Rs 225 earlier.

The global investment bank recommended a buy on HAL with a target price of Rs 3900. It recommended a buy on Data Patterns with a target price of Rs 3545.

There is a $100-120 billion domestic defence opportunity over the next 5-6 years. Export defence opportunities should rise at 21% CAGR in FY23-30.

Data Patterns has in-house technology. HAL has a blend of steady service income and manufacturing OEM growth while BEL is a steady play on the overall defense spend.

Macquarie on AB Capital: Outperform| Target Rs 230

Macquarie initiated coverage on AB Capital with an outperform rating and a target price of Rs 230. It is poised to show strong growth in earnings and loans.

Growth to be led by lending and savings business. Strong parentage and AAA rating providing access to competitive funding.

Diversified product suite and distribution mix avoiding concentration risk.

The global investment bank believes the SME segment to show a strong > 30% AUM CAGR over the next 3 years.

There is value unlocking in the NBFC and insurance business. The company has the potential to double in 3 years and is not widely covered by street.

CLSA on D-Mart: Buy| Target Rs 5514

CLSA maintained a buy rating on D-Mart but raised the target price to Rs 5514 from Rs 5307 earlier.

Quarterly store additions are at an all-time high. D-Mart added five more stores to take the quarterly tally to 21.

Acceleration in store additions should allay some investor concerns. The focus has shifted to quarterly sales release. Store adds to bolster mix and gross margin.

Citigroup on Adani Ports: Buy| Target Rs 1758

Citigroup maintained a buy rating on Adani Ports with a target price of Rs 1758. The global investment bank expects strong volume, revenue, and EBITDA growth along with good cash flows in Q4.

The company emerged stronger post a short-seller report last year with strong business momentum, reduced leverage and increased market dominance.

The global investment bank believes these valuations leave ample room for upside given the quality and scale of the underlying business.

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