Hot Stocks: Global brokerages on Maruti Suzuki, IGL, Mahanagar Gas, and Gujarat Gas

Global brokerage UBS maintained a buy on Maruti Suzuki while Citigroup has a positive view on city gas distribution companies such as IGL, Mahanagar Gas, and Gujarat Gas.

We have collated a list of recommendations from top brokerage firms from ETNow and other sources:

UBS on Maruti Suzuki: Buy| Target Rs 10,500
UBS maintained a buy on Maruti Suzuki with a target price of Rs 10,500. Toyota Hyryder pricing offers great value for money, it said.

"The demand remains the strongest in the mid-size SUV segment. We expect Maruti to unveil the pricing of Grand Vitara within the next couple of weeks," it added.

Citi on India Gas
Citigroup is positive on IGL, MGL, and Gujarat Gas as it sees local developments to have the potential to reverse 3-5 years of underperformance.

The global investment bank expects policy-related developments to be positive for the Indian gas sector. Local developments have the potential to reverse 3-5 years of underperformance, said the note.

It maintains IGL as the preferred overall gas pick with a target of Rs 490. It is positive on MGL with a target of Rs 1040, and Gujarat Gas with a target of Rs 580.

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