We have collated a list of recommendations from top brokerages from ETNow and other sources:
Antique Stock Broking on BHEL: Buy | Target Rs 110
Antique Stock Broking upgraded BHEL to a buy with a target price of Rs 110, which translates into an upside of over 50% from Rs 72 recorded on 17 April.
The brokerage firm expects the company to witness a meaningful reversal in its ordering cycle over the next 3-4 years.
Vande Bharat train set order will propel BHEL's presence in the railway segment. Defence will be an emerging growth driver for BHEL.
Morgan Stanley on Indian Hotels: Overweight | Target Rs 388
Morgan Stanley maintained an 'overweight' rating on Indian Hotels with a target price of Rs 388. The hotel chain recorded higher than expected room rates in March 2023, which is a positive sign.
The global investment bank expects better-than-expected growth in the domestic subs, international subs and JVs, said the note.
Kotak Institutional Equities on Tata Chemicals: Buy| Target Rs 1,210
Kotak Institutional Equities retained its ‘buy’ call on Tata Chemicals with a target price of Rs 1,210. Tata Chemicals (TCL) announced 3-4% price cuts across India for light and dense soda ash effective from April 17, 2023.
The cut comes amid falling soda ash prices in China since mid-March, as the market reacts to the unexpected news of substantial capacity addition in Inner Mongolia from May 2023.
“We see this as an incremental negative for soda ash prices, though uncertainties remain around demand and supply and will need monitoring,” said the note.
(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of Economic Times)
Tuesday, 18 Apr, 2023- Front Page
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- Investors Dump IT Stocks to End 9-Day Rally on D-Street
India’s equity benchmarks dropped on Monday, snapping their nine-day winning streak, after a selloff in IT shares led by Infosys soured investor sentiment. The stock market however managed to close off the trading session’s lows as other global markets mostly ended higher.
I-T Sends Notices Over Donations to Charitable TrustsThe income tax department has sent notices to about 8,000 taxpayers who have made large donations to charitable trusts, suspecting them to be attempts at tax evasion. Data analytics suggested these taxpayers were making donations disproportionate to their income and expenditure, officials told ET.
India Loses ICT Levy Dispute at WTOIndia suffered a setback at the World Trade Organization (WTO), with a panel ruling against the import duty levied by New Delhi on a wide range of information and communications technology (ICT) products, including mobile phones.
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