Recently, some big brokerage firms shared their picks and opinions on popular stocks. Here’s what they had to say:
HSBC and Titagarh Rail Systems:
HSBC is feeling positive about Titagarh Rail Systems. They think it’s a good stock to buy. The price target is Rs 1,425, which is an 18% increase from the current price of Rs 1,205. Even though there have been some delays in their projects, the company has chances to win more contracts now that state elections are over.
Morgan Stanley and IndusInd Bank:
Morgan Stanley is being careful about IndusInd Bank. They say to hold it the same (called “equal-weight”) and have a target price of Rs 1,150, which is a 15% rise from the current price of Rs 996. However, the stock has lost 30% of its value recently due to worries about its microfinance loans and earnings expectations. While the situation isn’t entirely bad, they think there are safer options with other major banks.
Axis Capital and Hindustan Unilever (HUL):
Axis Capital is optimistic about Hindustan Unilever. They suggest adding it to your portfolio, with a price target of Rs 2,850, meaning you could see a 14% return from the current price of Rs 2,496. HUL keeps growing, having a strong reach with nearly 9 million stores. The company is aiming to grow its earnings significantly in the future, especially in its ice cream business, which has a lot of growth potential.
(With insights from NiftyStat)
(Disclaimer: The opinions shared belong to the experts and do not reflect the views of the Economic Times)
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