AgenciesGlobal brokerage houses such as CLSA maintained a Buy rating on M&M, while has a Buy call on Tata Consumer, and Morgan Stanley raised the target price for post Q3 results.
We have collated a list of recommendations from top brokerage firms from ETNow and other sources:
CLSA on M&M: Buy | Target Rs 1,592
CLSA maintained its buy rating on M&M with a target price of Rs 1,592. Momentum across business segments is strong, and the SUV business is on a roll. The tractor business is on solid footing in FY23. El Nino needs to be closely watched. The global investment bank increased volume estimates by 3-8% over FY23-25.
Motilal Oswal on Tata Consumer: Buy | Target: Rs 940
Motilal Oswal maintained its Buy rating on Tata Consumer with a target price of Rs 940. Tata's strategy to acquire the remaining stake in NourishCo JV from PepsiCo is bearing fruit with the company.
The company to leverage the strength of its existing portfolio. Nurturing the RTD beverage segment under NourishCo. The management sees an accelerated pace of innovation and product launches which is a positive sign.
Morgan Stanley on Axis Bank: Overweight | Target Rs 1,200
Morgan Stanley remained overweight on Axis Bank post Q3 results with a target of Rs 1200 in the next 1 year, which translates into an upside of nearly 30% from Rs 933 recorded on January 23.
The PAT was 9% above estimates and the beat was all around. The net interest margins (NIMs), fees, and costs all surprised positively.
JP Morgan on Axis Bank: Overweight | Target Rs 1100
JPMorgan maintained an overweight rating on Axis Bank post Q3 results and a target of Rs 1,100 in the next 1 year, which translates into an upside of 18% from Rs 933 recorded on January 23.
NIMs, primarily aided by rate hikes, and the loan growth at 15% YoY is reasonable but lower relative to large-cap peers, said the note.
(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 ETNow and other sources:
CLSA on M&M: Buy | Target Rs 1,592
CLSA maintained its buy rating on M&M with a target price of Rs 1,592. Momentum across business segments is strong, and the SUV business is on a roll. The tractor business is on solid footing in FY23. El Nino needs to be closely watched. The global investment bank increased volume estimates by 3-8% over FY23-25.
Motilal Oswal on Tata Consumer: Buy | Target: Rs 940
Motilal Oswal maintained its Buy rating on Tata Consumer with a target price of Rs 940. Tata's strategy to acquire the remaining stake in NourishCo JV from PepsiCo is bearing fruit with the company.
The company to leverage the strength of its existing portfolio. Nurturing the RTD beverage segment under NourishCo. The management sees an accelerated pace of innovation and product launches which is a positive sign.
Morgan Stanley on Axis Bank: Overweight | Target Rs 1,200
Morgan Stanley remained overweight on Axis Bank post Q3 results with a target of Rs 1200 in the next 1 year, which translates into an upside of nearly 30% from Rs 933 recorded on January 23.
The PAT was 9% above estimates and the beat was all around. The net interest margins (NIMs), fees, and costs all surprised positively.
JP Morgan on Axis Bank: Overweight | Target Rs 1100
JPMorgan maintained an overweight rating on Axis Bank post Q3 results and a target of Rs 1,100 in the next 1 year, which translates into an upside of 18% from Rs 933 recorded on January 23.
NIMs, primarily aided by rate hikes, and the loan growth at 15% YoY is reasonable but lower relative to large-cap peers, said the note.
(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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