Hot Stocks: Brokerages on Tata Consumer, MCX, PNB Housing and Maruti Suzuki

Global brokerage firm UBS maintained a buy rating on MCX, JP Morgan remained neutral on Tata Consumer, BofA maintained an underperform rating on PNB Housing and Goldman Sachs recommended a buy call on Maruti Suzuki.

UBS on MCX: Buy | Target Rs 2000

UBS maintained its buy call on MCX with a target price of Rs 2,000. A robust quarter was driven by options volume, the brokerage said.

Options ADV was up 421% YoY, it added.

JP Morgan on Tata Consumer: Neutral | Target Rs 825

JP Morgan maintained its neutral stance on Tata Consumer with a target price of Rs 825. Subdued overseas and tepid domestic volume drove a 2-4% EPS cut, the brokerage said.

“Our FY23/24E EPS is 3-4% below consensus forecasts. In food, new growth engines do well while salt volume is subdued,” it added.

Goldman Sachs on Maruti: Buy | Target Rs 10,600

Goldman Sachs maintained its buy rating on Maruti Suzuki with a target price of Rs 10,600. It raised the FY23E – FY24E EPS estimate on Maruti by +1% to +6%.

Mix improvement offers a favourable setup, and raw material costs have corrected 7% to 16%, it said.

BofA on PNB Housing: Underperform | Target Rs 375

BofA maintained its underperform stance on PNB Housing with a target price of Rs 375. It retained underperform on asset quality concerns.

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