Hot Stocks: Brokerage view on RIL, Coal India, MGL and ABB India

Goldman Sachs on RIL: Buy | Target: Rs 3400

Goldman Sachs maintained a buy rating on RIL but raised the target price to Rs 3,400 from Rs 2,925 earlier. The global investment bank sees a 17% EBITDA CAGR over FY24-27. Capex peaking in longer gestation capex businesses.

New business returns are likely to be higher, and capex to EBITDA turn is faster. Returns inflection has been a key driver for outperformance.

The risk-to-reward ratio is still favorable, and the catalyst pipeline is much stronger ahead.

Citigroup on Coal India: Neutral | Target: Rs 430

Citigroup maintained a neutral rating on Coal India with a target price of Rs 430.

The global investment bank expects disappointing e-auction price trends in Q4. Every Rs 100 per tonne change in e-auction prices impacts EPS by ~2%.

Citigroup on MGL: Neutral | Target: Rs 1405

Citigroup upgraded MGL to neutral from sell earlier with a target price of Rs 1,405. The management is optimistic about volume & margin outlook.

UBS on ABB India: Buy | Target: Rs 7,550

UBS maintained a buy rating on ABB India but raised the target price to Rs 7,550 from Rs 5,380 earlier.

The company has the best quality electrification and mobility growth. Electrification and motion to drive growth and margins.

More upside to consensus on margins despite recent upgrades. The earnings acceleration is sustainable, and there are plenty of our growth levers at play.

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