Hot Stocks: Brokerage view on Voltas, Dixon Technologies, HDFC Bank and Wipro

Investec on HDFC Bank: Hold | Target Rs 1620

Investec recommended a hold rating on HDFC Bank but slashed the target price to Rs 1620 from Rs 1625 earlier.

The Q4 numbers were in line with estimates, but with several one-offs. Seasonality played a huge part. The numbers were adjusted for seasonality and one-offs.

Creating floating provisions is a continuation of the larger changes to the capital allocation policy post-merger, said the note.

UBS on Voltas: Buy| Target Rs 1800

UBS upgraded Voltas to buy from neutral earlier and raised the target price to Rs 1800 from Rs 885 earlier.

The company is claiming back its lost market share. The global investment bank believes that Voltas will surprise on the market share in near future.

VoltBek JV should break even in FY26. The global investment bank believes that the Street is not pricing in a potential market share ramp up.

UBS sees FY26 market share at 23% vs 19.5% factored in by the Street.

Investec on Dixon Technologies: Buy| Target Rs 8650

Investec recommended a buy on Dixon Technologies and raised the target price to Rs 8650 from Rs 8250 earlier.

Another customer wins, another earnings upgrade. Longcheer is one of the largest mobile original design manufacturing (ODM) players globally.

The brokerage firm is of the view that the new customer should add 3-5 mn smartphones to the mobile business.

This will lead to an 8-9% upgrade to FY25-26 EPS. The global investment bank continues to see Dixon as an excellent play on electronics manufacturing.

It sees the optionality of entry into new categories/ backward integration/ new customer wins.

Citigroup on Wipro: Sell| Target Rs 430

Citigroup maintained a sell rating on Wipro and slashed the target price to Rs 430 from Rs 440 earlier post Q4 results.

The Q4 numbers were in line with estimates but the company gave a weak Q1 guidance. The global investment bank lowered EPS estimates by 2%, and now expects FY25 cc revenue growth to be flat on a YoY basis.

Wipro's relative performance continues to be weak

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