We have collated a list of recommendations from top brokerage firms from ETNow and other sources:
Citigroup on GAIL India: Buy| Target Rs 125
Citigroup recommends a buy on GAIL India with a target price of Rs 125. Sharp tariff hike is positive for business outlook, it said.
The global investment bank sees any weakness in the stock as an enhanced buying opportunity for investors. Recently, Citi elevated GAIL India among the top gas companies.
JPMorgan on GAIL India: Neutral| Target Rs 115
JPMorgan maintained a neutral rating on GAIL India with a target price of Rs 115. The tariff order is positive, and volumes should pick up, said the global brokerage. Tariff hike and lower spot LNG prices are positive for the stock, it added
“Earnings are likely to remain volatile. Roughly 50% of U.S. contract volumes remain open. The stock got support in the near term amid low LNG prices,” it said.
Jefferies on Asian Paints: Underperform| Target Rs 2570
Jefferies maintained an Underperform rating on Asian Paints with a target price of Rs 2570. After facing margin headwinds in the past few quarters, the outlook is improving as Asian Paints’ key RM prices are trending down, it said.
The stock has corrected by about ~20% from the recent peak. Valuations are now at 56x FY24PE. Any rally in Asian Paints should be used to sell at a higher level, said Jefferies.
Geojit on TTK Prestige: Buy| Target Rs 857
Geojit maintained a buy rating on TTK Prestige with a target of Rs 857. TTK aims to increase revenue to Rs 50 bn by FY27 through organic & inorganic routes.
TTK has doubled its capacity for the cookware segment and has significantly expanded its distribution networks.
The domestic brokerage firm expects revenue/PAT to grow at 10%/17% CAGR over FY23E-FY24E.
(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)