Hot Stocks: Brokerages on JB Chemicals, Indian Hotels and banks

Global and domestic brokerage firms have shared their views on JB Chemicals, Indian Hotels Company and the banking sector. We have collated their recommendations here:

Credit Suisse on JB Chemicals: Outperform | Target Price: Rs 2,300
CreditSuisse has maintained its 'outperform' rating on JB Chemicals and Pharmaceutical as it believes that Razel's acquisition will benefit from fast market growth.

The acquisition, which will be funded largely by long term debit, is EPS-neutral and executed at below 10x FY23E EV/EBITDA, Credit Suisse said.

ICICI Securities on Indian Hotels Company: Add | Target Price: Rs 366
ICICI Securities has maintained its 'add' rating on Indian Hotels company with a target price of Rs 366 as it believes that the best is yet to come for the company.

"Demand trends remain intact in Q3FY23 so far," added the report. "Utilisation of free cash flows to be key monitorable over the medium term."

Macquarie on banks
The global brokerage firm believes that the deposit rate war brewing is on the expected lines and margins will peak out in Q3FY23. HDFC Bank and ICICI Bank are its top picks.

SBI has raised the deposit rates by 15-100 basis points, whereas HDFC Bank has increased the deposit rates by 210 basis points, the brokerage firm said.

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