rec share price: Hot Stocks: Chris Wood adds REC to portfolio; Jubilant Food could rally 38% in 1 year
We have collated a list of recommendations from top brokerage firms from ETNow and other sources:
Jefferies on : Added to India’s long-only Portfolio
Chris Wood of Jefferies in a recent Greed & Fear note said that the global investment bank has added
to its India long-only equity portfolio with 4% weightage.
This will be paid for by shaving investment weights of 1% in 4 names —
, , , and .
ICICI Securities on FoodWorks: Buy| Target Rs 720| LTP Rs 521| Upside 38%
ICICI Securities maintained its buy rating on Jubilant FoodWorks with a target price of Rs 720 which translates into an upside of 38% from Rs 521 recorded on 21 December.
The stocks which is part of the restaurant industry is moving from strength to strength. It is now communicating to customers about a 20-minute delivery USP.
The domestic brokerage firm continues to remain constructive on the stock. Jubilant enjoys structural strength for providing the fastest delivery, it said,
DAM Capital on Cements: Buy| Target Rs 8200| LTP Rs 6950| Upside 18%
DAM Capital maintained its buy rating on UltraTech Cements with a target price of Rs 8200 which translates into an upside of 18% from Rs 6950 recorded on 21 December.
The Return on Capital Employed (ROCE) pick-up is seen on the cards, and the valuations also remain fairly attractive at current levels, said the brokerage.
“The market share galloping is likely to continue. Sweating of low-cost expansion to drive ~18 % core ROCE. Valuations stand at ~12x FY25E, and EV/EBITDA is looking attractive,” it added.
ICICI Securities on IGL: Buy| Target Rs 540| LTP Rs 437| Upside 24%
ICICI Securities maintained its buy rating on IGL with a target of Rs 540 which translates into an upside of 24 from Rs 437 recorded on 21 December.
The volume momentum remains strong, and margins are likely to moderate. “We have seen a 10% dip in stock price over 1 year,” said the note.
The domestic brokerage firm raised volume estimates for FY23E/FY24E by 3.9/1.4%.
(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times)