Hot Stocks: Brokerage view on BSE, Indigo, ITC; Goldman downgraded Gujarat Pipavav

Goldman Sachs on ITC: Buy| Target Rs 480

Goldman Sachs maintained a buy rating on with a of Rs 480. The Q4 results were marginally below estimates.

The company witnessed a steady recovery in the cigarette business. Weak trends continue in the paper business. FMCG's underlying business had healthy EBIT growth.

Goldman Sachs on Gujarat Pipavav: Neutral| Target Rs 220

Goldman Sachs downgraded to neutral from a buy earlier but raised the target price to Rs 220 from Rs 107 earlier.

The Q4FY24 results witnessed a softening of growth. Valuations are not very different from that of Adani company, despite a lower growth profile.

The global believes that the risk-to-reward ratio is now balanced for GPPV.

BofA Securities on InterGlobe Aviation: Buy| Target Rs 4900

BofA Securities maintained a buy rating on () post Q4 results but raised the target price to Rs 4900 from Rs 4300 earlier.

The global investment bank lift estimates after Q4 beat. The company could see a temporary margin squeeze in Q1; however, earnings growth story is intact beyond the near term.

Investec on BSE: Buy| Target Rs 3400

Investec initiated a long FAST rating ‘buy’ on BSE with a target price of Rs 3400.

BSE has clocked strong volume growth in equity derivatives. The stock has corrected by about 17% over the past month due to concerns around regulatory risks w.r.t. F&O post elections/budget.

The global investment bank believes that BSE benefits from market share tailwinds and margin triggers. It is of the view that valuations at 30x FY26E earnings are attractive.

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