Top Stock Picks: Brokerages Recommend Tech Mahindra, Kaynes Technology, Aadhar Housing, and 360 One – Find Out Why

Leading brokerage firms have shared their latest stock ratings:

Citi on Tech Mahindra: Sell | Target Price: Rs 1,260

Citi has maintained a “Sell” rating on Tech Mahindra with a target price of Rs 1,260. Although the company is focused on achieving a 15% EBIT margin in the next three years, growth remains tough in the current market. The commercial segment is doing better, but the BFSI (Banking, Financial Services, and Insurance) sector is improving slowly. The Asia Pacific region is performing better than expected, but overall growth is already reflected in the high valuation of the stock.

Kotak Securities on Kaynes Technology: Add | Target Price: Rs 4,950

Kotak Securities has given an “Add” rating to Kaynes Technology, increasing the target price to Rs 4,950 from Rs 4,650. The company’s move into the semiconductor sector could be a game changer. Improving margins and matching global peers in return ratios are key goals. Diversifying into new growth areas could provide a boost soon.

Kotak Securities on Aadhar Housing: Buy | Target Price: Rs 550

Kotak Securities has initiated coverage on Aadhar Housing with a “Buy” rating and a target price of Rs 550. Aadhar Housing is a large, diversified company with expected growth over 20%. The firm’s expansion strategy aims for a 21% compound annual growth rate (CAGR) in assets under management (AUM) from FY24 to FY27. This is backed by low credit costs, stable margins, and better leverage, which should boost return on equity (RoE) to high levels.

Citi on 360 One: Buy | Target Price: Rs 1,250

Citi maintains a “Buy” rating for 360 One, setting the target price at Rs 1,250. Citi expects strong transactional revenues in Q2, increased new inflows in wealth management, and a rebound in asset management company (AMC) flows.