Tata Steel share price: Hot Stocks: Brokerages on L&T, Bharti Airtel, Tata Steel and Aditya Birla Capital after Q2 results| Roadsleeper.com
We have compiled a list of top broker recommendations from ETNow and other sources:
Credit Suisse on L&T: Outperform| Target Rs 2250
Credit Suisse maintained an outperform rating on L&T after September quarter results with a target price of Rs 2250.
Stronger traction on domestic execution and inflows augurs well, it said. EBITDA margins were unchanged at group level.
Citigroup on Bharti Airtel: Buy| Target Rs 955
Citigroup maintained a buy rating on Bharti Airtel after Q2 results with a target price of Rs 955. The telecom major reported a robust performance in Q2’FY23.
CLSA on Tata Steel: Downgrade to Sell| Target 90 Rs
CLSA downgraded Tata Steel to sell with a target price of Rs 90 as Q2 earnings came in below estimates.
Profitability fell sharply both in India and in Europe, it said. The global investment bank cut FY23-25CL EBITDA by 18-25% on lower profitability.
Morgan Stanley on Aditya Birla Capital: Overweight| Target 150 Rs
Morgan Stanley maintained an overweight rating on Aditya Birla Capital with a target price of Rs 150. The stock is on track to become a steady compound maker.
The profitability of ABCL’s operations has improved which is a positive sign, it said. The global investment bank expects consolidated ROE to exceed 15% in FY25.
It lowered the forecasts but raised the price target.
(Disclaimer: Recommendations, suggestions, views and opinions of the experts are their own. These do not represent the views of Economic Times)
