AgenciesNew Delhi: Global brokerage Morgan Stanley has shared its view on (), whereas Macquaries initiated coverage on . It has also shared its view on select metal stocks.
We have collated a list of recommendations from top brokerage firms from ET NOW:
Macquarie on Container Corporation of India (): Underweight | Target Price: Rs 620
The global brokerage firm has initiated coverage on Container Corporation of India (Concor) with a target price of Rs 620. Delayed completion of freight corridor to JNPT will impact volume growth, it said.
Market share loss and pricing pressure would offset DFC gains in the near term, it added. "Disinvestment of the government's stake will be the key catalyst for the company."
Morgan Stanley on Hindustan Aeronautics: Overweight | Target Price: Rs 3,216
The overseas investment bank Morgan Stanely has maintained its overweight stance on Hindustan Aeronautics as the management has manufacturing order visibility of Rs 1.2 lakh crore over the next 3-5 years.
Growth visibility is improving and current valuations are compelling, it said. "Exports over the next 12-24 months could drive stock close to bull run case, whereas the target price is at Rs 4,229 apiece."
CLSA on Consumer Durables
Companies are focused on raising capacity, we see a move towards more automation, said CLSA. "On the demand side, premium products are growing faster than the entry level products."
CLSA sees a move towards more automation as competitive intensity remains elevated. It is awaiting positive earnings catalysts before turning more constructive.
Macquarie on Metals
The brokerage firm remains selective amid the volatile global economic environment. Global demand recovery and China opening are key, whereas domestic demand is steady. It prefers , , and .
It has maintained an underperform rating on JSW Steel but hiked its target price to Rs 520 from Rs 461 earlier. It maintained outperform on Tata Steel and pushed its target price of Rs 120 from Rs 117.
It has maintained a neutral rating on JSPL but the target price has moved up to Rs 526 from Rs 381 earlier. It has maintained an outperform rating on both (target price of Rs 253) and Hindalco, cutting its target to Rs 517.
(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times)
We have collated a list of recommendations from top brokerage firms from ET NOW:
Macquarie on Container Corporation of India (): Underweight | Target Price: Rs 620
The global brokerage firm has initiated coverage on Container Corporation of India (Concor) with a target price of Rs 620. Delayed completion of freight corridor to JNPT will impact volume growth, it said.
Market share loss and pricing pressure would offset DFC gains in the near term, it added. "Disinvestment of the government's stake will be the key catalyst for the company."
Morgan Stanley on Hindustan Aeronautics: Overweight | Target Price: Rs 3,216
The overseas investment bank Morgan Stanely has maintained its overweight stance on Hindustan Aeronautics as the management has manufacturing order visibility of Rs 1.2 lakh crore over the next 3-5 years.
Growth visibility is improving and current valuations are compelling, it said. "Exports over the next 12-24 months could drive stock close to bull run case, whereas the target price is at Rs 4,229 apiece."
CLSA on Consumer Durables
Companies are focused on raising capacity, we see a move towards more automation, said CLSA. "On the demand side, premium products are growing faster than the entry level products."
CLSA sees a move towards more automation as competitive intensity remains elevated. It is awaiting positive earnings catalysts before turning more constructive.
Macquarie on Metals
The brokerage firm remains selective amid the volatile global economic environment. Global demand recovery and China opening are key, whereas domestic demand is steady. It prefers , , and .
It has maintained an underperform rating on JSW Steel but hiked its target price to Rs 520 from Rs 461 earlier. It maintained outperform on Tata Steel and pushed its target price of Rs 120 from Rs 117.
It has maintained a neutral rating on JSPL but the target price has moved up to Rs 526 from Rs 381 earlier. It has maintained an outperform rating on both (target price of Rs 253) and Hindalco, cutting its target to Rs 517.
(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times)
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