Hot Stocks: Brokerage Opinions on Nuvama Wealth, Man Industries, Automotive ER&D, SRF, and Bandhan Bank

Several brokerage firms have shared their views on various stocks, including Nuvama Wealth, Man Industries, Automotive ER&D, SRF, and Bandhan Bank.

Nuvama Wealth

Citi: Buy | Target Price: ₹6,000

Citi has maintained a buy rating on Nuvama Wealth, setting a target price of ₹6,000. They believe that new capital flows, market buoyancy, and cost improvements could drive growth.

Man Industries

Emkay Global: Buy | Target Price: ₹500

Emkay Global has initiated coverage on Man Industries with a buy rating and a target price of ₹500. They highlight two exciting projects and the company’s growing market share as key factors. They see potential in growth, cash generation, and returns, positioning Man Industries favorably.

Automotive ER&D

InCred: Reduce

• Tata Tech: Target Price: ₹797
• Tata Elxsi: Target Price: ₹6,064

InCred has a reduce rating for both Tata Tech and Tata Elxsi. They cite challenges in the automotive sector, including reconsideration of alternative technologies, protectionism, pricing pressures, and growth moderation.

SRF

Jefferies: Underperform | Target Price: ₹2,125

Jefferies has an underperform rating on SRF and has increased the target price to ₹2,125 from ₹2,085. They point out high Chinese crop protection exports, challenges in specialty chemicals, potential price erosion in key products, and gradual ramp-up in fluoropolymers as reasons for this rating.

Bandhan Bank

UBS: Neutral | Target Price: ₹230

UBS has initiated coverage on Bandhan Bank with a neutral rating and a target price of ₹230. They expect a limited and gradual decline in credit costs. They see recent microfinance institution (MFI) disbursements, new CEO appointments, and CGFMU claims as near-term catalysts.

Additional Recommendations

Yes Securities

• Tech Mahindra: Buy | Target Price: ₹1,560 | Stop Loss: ₹1,390Pritesh Mehta of Yes Securities suggests a buy call on Tech Mahindra, noting strength in the stock’s chart patterns.
• Indus Towers: Buy | Target Price: ₹400 | Stop Loss: ₹350Yes Securities recommends buying Indus Towers, highlighting a bullish breakout post-base formation.
• Granules: Buy | Target Price: ₹530 | Stop Loss: ₹530Following a bullish breakout, Yes Securities is positive on Granules, noting follow-through moves.

These recommendations were compiled from sources including ETNow.