Hot Stocks: Brokerages on Cipla, Piramal Enterprises and Tata Motors

Global investment bank Jefferies maintained a buy rating on Cipla and Credit Suisse maintained a neutral rating on Tata Motors. Motilal Oswal, Meanwhile, maintained a buy rating on Piramal Enterprises.

We have collated a list of recommendations from top brokerage firms from ET Now and other sources. Take a look:

Jefferies on Cipla: Buy | Target Rs 1,223
Jefferies maintained a buy on Cipla with a target of Rs 1,223. The company’s upcoming launches and pipeline look strong. Its FY23/24 EPS changes by +4 per cent/3 per cent.

The counter is a top pick in Indian pharma generics, said Jefferies.

Motilal Oswal on Piramal Enterprises: Buy | Target Rs 1,320
Motilal Oswal maintained a buy on Piramal Enterprises with a target price of Rs 1,320. The brokerage sees the company's liability profile will improve leading to a steady improvement in margins.

Piramal Enterprises has an excess net worth of Rs 4,800 crore and the estimated PAT CAGR of the company is 37 per cent over FY22-25.

Credit Suisse on Tata Motors: Neutral | Target Rs 425
Credit Suisse maintained a neutral rating on Tata Motors with a target price of Rs 425.

The company’s Q2 tracking is weaker than guided and further risks ahead keep us on the sidelines, it said.

Valuations for the India business remain full and the cut in JLR forecast has reduced our FY23/24 EPS, it added.

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