Hot Stocks: Brokerage view on Marico, Bajaj Finance, InterGlobe Aviation and RIL

Global brokerage firm JPMorgan maintained their overweight stance on Marico, CLSA has a sell rating on Bajaj Finance, Goldman Sachs retained its buy rating on InterGlobe Aviation, and JPMorgan maintained an overweight rating on RIL.

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

JPMorgan on Marico: Overweight| Target Rs 580
JPMorgan maintained an overweight rating on Marico with a target price of Rs 580.

According to the brokerage, there is an improving narrative on demand. “Margin expansion is likely to support stock performance in the future,” it said.

“India Biz reported mid-single-digit volume growth. The company did not see a significant rural recovery in Q3, while the urban and premium categories maintained their steady growth momentum,” the note added.

CLSA on Bajaj Finance: Sell| Target Rs 6000
CLSA maintained a sell rating on Bajaj Finance with a target price of Rs 6000.

Loan growth slowed despite festival season in the December quarter and the asset under management (AUM) growth of 5.7% QoQ was nearly 200 bps lower, the data suggested.

“Despite underperformance vs Bank Nifty, the stock is unjustifiably expensive,” said the note.

Goldman Sachs on InterGlobe Aviation: Buy | Target Rs 2180
Goldman Sachs maintained its buy rating on InterGlobe Aviation with a target price of Rs 2180.

“The company is recording higher yields as well as traffic. Fuel (ATF) as well as the currency has been relatively stable which is a positive sign,” the brokerage said.

“Looking beyond Q3, Q4 is seasonally weak,” it added.

JPMorgan on Reliance Industries: Overweight| Target Rs 3065
JPMorgan maintained an overweight rating on Reliance Industries with a target price of Rs 3065.

“Earnings outlook has improved across segments. Most of the QoQ earnings growth is likely to be driven by O2C, as the SEZ export tax removal benefits 02C,” the brokerage said.

It expects the retail and digital to report muted QoQ earnings growth. “Investors should watch out for updates on the demerger of Jio Financial Services,”it added.

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