hot stocks: Hot Stocks: Brokerages on Apollo Tyres, Tata Communication, ICICI Lombard and LIC Housing
We have collated a list of recommendations from top brokerage firms from ETNow and other sources:
JPMorgan on Apollo Tyres: Overweight | Target Rs 370
JPMorgan initiated coverage on Apollo Tyres with an overweight rating with a target of Rs 370. The management vision of FY26 prioritises sustainable performance, it said.
“The company is in an over-aggressive mode to capture market share. The company is now focusing more on price discipline,
“ it added.
CLSA on Tata Communications: Outperform | Target Rs 1,433
CLSA maintained outperform rating on Tata Communications with a target price of Rs 1,433. Data business revenue is up 11 per cent on a YoY basis, but EBITDA is down by about 4% YoY, the brokerage said.
The global investment bank raised FY23 CL PAT estimate and retained outperform rating on Tata Communications.
CLSA on ICICI Lombard: Buy | Target Rs 1,550
CLSA maintained its buy rating on ICICI Lombard with a target price of Rs 1,550. The global investment bank raised FY23-25CL EPS by 1-3%.
CLSA on LIC Housing: Buy | Target Rs 515
CLSA maintained a buy rating on
Finance with a target price of Rs 515. The global investment bank expects an improvement in spreads over the next few quarters.
Unlike assets, liabilities will reprice gradually, it said. The global investment bank increased EPS estimates by 5-7% with a normalised return on equity (ROE) of 13-14%.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
