Hot Stocks: Brokerages on Balkrishna Industries, M&M, HAL and L&T
Brokerage firms like Jefferies, ICICI Securities, and Citigroup are positive on industrial space with L&T, HAL, Balkrishna Industries, and M&M as top picks.
Brokerage remained positive on industrial space with L&T and as one of its top picks. retained an on and retained its buy rating on M&M.We have collated a list of recommendations from top from ETNow and other sources:
Jefferies on : L&T, top picks
Jefferies retained its positive outlook on the industrial sector and recommended L&T, Hindustan Aeronautics, ABB, Data Patterns, Thermax and KEI Industries as top picks.
The potential of the current govt continuity adds wings to the strong sector outlook. Power and Defence-linked capex have the highest visibility.
ICICI Securities on Balkrishna Industries: Add| Target Rs 3.200
ICICI Securities retained an on and raised the target price to Rs 3,200 from Rs 2,966 earlier.
March OTR exports were the highest in the last 20 months. Share in exports stood at 62% in Q4 vs historic average of 50%.
Citigroup on M&M: Buy| Target Rs 3,010
Citigroup maintained a buy rating on M&M but raised the target price to Rs 3,010 from Rs 2,730 earlier.
The global investment bank has tweaked UV volume estimates on the upside. It sees strong monthly volume trends, expanded capacity, and strong initial volumes of the XUV 3XO.
Expectations of a normal monsoon in CY2024 could result in upside risks to our tractor volume estimates.
Earnings estimates change by 6-9% over FY25-27E.
(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
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Source: Stocks-Markets-Economic Times
