Hot Stocks: Brokerage view on IDFC First, Titan Company, Godrej Consumer and Marico

Macquarie on Marico: Outperform| Target Rs 600

Macquarie maintained an outperform rating on Marico with a target price of Rs 600. There is pick-up seen in the volume growth momentum.

The business update numbers were broadly in line with the commentary. India volume growth has seen a slight uptick.

The global investment bank expects a 4% sales decline and 15% EBITDA growth in Q4.

Morgan Stanley on Godrej Consumer: Equal Weight| Target Rs 1089

Morgan Stanley maintained an Equal Weight rating on Godrej Consumer with a target price of Rs 1089. Q4 performance was ahead of the estimate on the top line.

The company reported a better performance in the Indian and Indonesian businesses. GoodKnight Agarbatti launch has been well received by consumers, which is a key positive.

Devaluation in Nigeria continues to affect overall growth.

JPMorgan on Titan Company: Overweight| Target Rs 3950

JPMorgan maintained an overweight rating on Titan Company with a target price of Rs 3950. The jewellery business was in line with expectations; a steep rise in gold price could add to demand volatility.

Watches & Wearables and eyewear 500 growth was relatively subdued.

Jefferies on IDFC First Bank: Buy| Target Rs 100

Jefferies initiated coverage on Bank with a buy rating and a target price of Rs 100. Full Suite banking aids high-growth

Operational efficiencies will play out from H2FY25. Over FY24-27 strong deposit growth will aid loan growth that should aid 28% EPS CAGR.

Improvement in Return on Assets ROA (to 1.5%) and Return on Equity ROE (to 14%) will aid rerating.

A fall in rates should help it more than peers, and the ability to raise capital will be the key. The valuations remain reasonable, which is a positive sign.

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