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.
Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.
