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    Hot Stocks: Global brokerages on Hindustan Aeronautics, CONCOR & metal stocks

    Synopsis

    The brokerage firm remains selective amid the volatile global economic environment. Global demand recovery and China opening are key, whereas domestic demand is steady. It prefers Hindalco, Tata Steel, JSW Steel and JSPL.

    Hot Stocks: Global brokerages on Hindustan Aeronautics, CONCOR & metal stocksAgencies
    New Delhi: Global brokerage Morgan Stanley has shared its view on Hindustan Aeronautics (HAL), whereas Macquaries initiated coverage on Container Corporation of India. It has also shared its view on select metal stocks.

    We have collated a list of recommendations from top brokerage firms from ET NOW:

    Macquarie on Container Corporation of India (Concor): Underweight | Target Price: Rs 620
    The global brokerage firm has initiated coverage on Container Corporation of India (Concor) with a target price of Rs 620. Delayed completion of freight corridor to JNPT will impact volume growth, it said.

    Market share loss and pricing pressure would offset DFC gains in the near term, it added. "Disinvestment of the government's stake will be the key catalyst for the company."

    Morgan Stanley on Hindustan Aeronautics: Overweight | Target Price: Rs 3,216
    The overseas investment bank Morgan Stanely has maintained its overweight stance on Hindustan Aeronautics as the management has manufacturing order visibility of Rs 1.2 lakh crore over the next 3-5 years.

    Growth visibility is improving and current valuations are compelling, it said. "Exports over the next 12-24 months could drive stock close to bull run case, whereas the target price is at Rs 4,229 apiece."

    CLSA on Consumer Durables
    Companies are focused on raising capacity, we see a move towards more automation, said CLSA. "On the demand side, premium products are growing faster than the entry level products."

    CLSA sees a move towards more automation as competitive intensity remains elevated. It is awaiting positive earnings catalysts before turning more constructive.

    Macquarie on Metals
    The brokerage firm remains selective amid the volatile global economic environment. Global demand recovery and China opening are key, whereas domestic demand is steady. It prefers Hindalco, Tata Steel, JSW Steel and JSPL.

    It has maintained an underperform rating on JSW Steel but hiked its target price to Rs 520 from Rs 461 earlier. It maintained outperform on Tata Steel and pushed its target price of Rs 120 from Rs 117.

    It has maintained a neutral rating on JSPL but the target price has moved up to Rs 526 from Rs 381 earlier. It has maintained an outperform rating on both Coal India (target price of Rs 253) and Hindalco, cutting its target to Rs 517.

    (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times)



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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