Hot Stocks: Brokerages on One97 Communications and Westlife Development

Global brokerage firm Morgan Stanley maintained an equalweight rating on . Domestic broker has a neutral view on .

We have collated a list of recommendations from top brokerage firms:

Morgan Stanley on : Equalweight | Target Price: Rs 695
The global brokerage firm has maintained its equal weight rating on One97 Communication, the parent firm of , with a target price of Rs 695.

Management is confident of strong growth as well as achieving its adjusted EBITDA break-even target by September 23 and it does not see any significant risk to its payment margins, Morgan Stanely said.

"ESOP costs should start moderating from FY25," it said. "On costs, Paytm expects to continue to invest but is confident of higher operating leverage," it added.

Motilal Oswal on Westlife Development: Neutral | Target Price: Rs 805
The domestic brokerage firm Motilal Oswal remains neutral with a target price of Rs 805 on Westlife Development as it expects QSR industry to grow at a very healthy pace of mid-teens' CAGR over the next five years.

The brokerage said that the Vision 2027 plans indicate that management is confident in the prospects of health growth. "Management is in talks with McDonald's Corporation to stagger the royalty rate increase beyond FY26," it said.

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