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    Hot Stocks: Brokerages on Tata Motors, Infosys, Mindtree and Ambuja Cement

    Synopsis

    CLSA maintained an outperform rating on Tata Motors with a target price of Rs 473. The company's near-term demand for CVs is strong but the cycle may peak in FY25. The stock’s standalone business firing on all cylinders and new launches to aid market share improvement, it said.

    Hot Stocks: Brokerages on Tata Motors, Infosys, Mindtree and Ambuja CementAgencies
    Brokerage firm CLSA maintained an outperform rating on Tata Motors while a buy call on Infosys. Morgan Stanley, meanwhile, maintained equal weight on Mindtree.

    Global brokerage firm Citi maintained a buy rating on Infosys and upgraded Ambuja Cement, while BofA maintained a neutral rating on Infosys.

    Morgan Stanley on Mindtree: Equalweight | Target Rs 3400
    Morgan Stanley maintained an equal weight on Mindtree with a target price of Rs 3,400. Citing the stock leading to EPS increase by 2.7-7.5 per cent over FY23-25.

    The company’s solid margin execution is the key positive. In a volatile macro environment, it makes risk-reward balanced, it said.

    CLSA on Tata Motors: Outperform | Target Rs 473
    CLSA maintained an outperform rating on Tata Motors with a target price of Rs 473. The company's near-term demand for CVs is strong but the cycle may peak in FY25.

    The stock’s standalone business firing on all cylinders and new launches to aid market share improvement, it said.

    Citi on Ambuja Cement: Upgrade | Target Rs 610
    Citi upgraded Ambuja Cement with a target price of Rs 610, whereas it downgraded JK Cement to sell and Dalmia Bharat to neutral rating.

    The brokerage is of the view that cement pricing will likely remain muted despite significant scope for consolidation.

    BofA on Infosys: Neutral | Target Rs 1535
    BofA maintained a neutral call on Infosys with a target price of Rs 1,535. The brokerage sees a small miss on the top line but good recovery in the EBIT margin.

    Citi on Infosys: Buy | Target Rs 1685
    Citi maintained a buy call on Infosys with a target price of Rs 1,685.

    The company’s EBIT margin came well above consensus expectations. Raise EPS estimates by 3-4 per cent to incorporate Q2 trends, it said.

    CLSA on Infosys: Buy | Target Rs 1800
    CLSA maintained a buy rating on Infosys with a target price of Rs 1,800.

    The company easing supply pressure and an attractive buyback, it said.

    (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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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    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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