Hot Stocks: Brokerage view on Amber Enterprises, AU Small Finance and Asian Paints

Brokerage firm Jefferies maintained a buy rating on Amber Enterprises, Motilal Oswal downgraded AU Small Finance Bank to neutral and JPMorgan maintained a neutral rating on Asian Paints.

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

Jefferies on Amber Enterprises: Buy| Target Rs 3120
Jefferies maintained a buy rating on Amber Enterprises with a target price of Rs 3,120.

“The domestic AC industry is likely poised for multi-year growth. Diversification would mitigate sales seasonality,” it said.

“The peak capex is likely behind the company and the Return on Capital Employed (RoCE) is likely to rise towards ~19% by FY26,” it added.

MOSL on AU Small Finance Bank: Downgrade to Neutral | Target Rs 830
MOSL downgraded AU Small Finance Bank to neutral with a target price of Rs 830. “The business momentum remains steady,” it said.

The global investment bank remains watchful of margins, and rising cost of funds is likely to weigh on the margins.

“Earnings to clock 28% CAGR over FY23- 25E v/s 37% CAGR over FY18-23. The near-term growth opportunities are fairly priced after the recent outperformance. The current risk-to-reward ratio is unattractive after the recent stock performance, “ it said.

JPMorgan on Asian Paints: Neutral | Target Rs 3128
JPMorgan maintained a neutral rating on Asian Paints with a target price of Rs 3128. According to brokerage, the management’s confidence remains high to achieve healthy revenue growth (volume-led) over the medium term.

“Enhanced focus on distribution expansion, waterproofing, economy emulsions, and innovation. Home décor foray is strategic; target ~8- 10% revenue salience by FY26,” it said.


“Reiteration of 18-20% EBITDA margin guidance for the medium term. There is a need to stay competitive and investments for widening portfolio and customer reach,” it added.

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