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    Hot Stocks: Brokerages on L&T, Bharti Airtel, Tata Steel, and Aditya Birla Capital post Q2 results

    Synopsis

    CLSA downgraded Tata Steel to sell with a target price of Rs 90 as Q2 results were below estimates.

    Hot Stocks: Brokerage view on L&T, Bharti Airtel, Tata Steel, and Aditya Birla Capital post Q2 resultsiStock
    Global brokerage Credit Suisse maintained an outperform rating on L&T, Citigroup retained buy on Bharti Airtel, CLSA downgraded Tata Steel to sell, and Morgan Stanley maintained an overweight stance on Aditya Birla Capital.

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

    Credit Suisse on L&T: Outperform| Target Rs 2250
    Credit Suisse maintained an outperform rating on L&T post September quarter results with a target price of Rs 2250.

    Stronger traction on domestic execution and inflows bode well, it said. EBITDA margins were flat at the consolidated level.

    Citigroup on Bharti Airtel: Buy| Target Rs 955
    Citigroup maintained a buy rating on Bharti Airtel post Q2 results with a target price of Rs 955. The telecom major reported a robust performance in Q2'FY23.

    CLSA on Tata Steel: Downgrade to Sell| Target Rs 90
    CLSA downgraded Tata Steel to sell with a target price of Rs 90 as Q2 results were below estimates.

    Profitability dropped sharply both in India and in Europe, it said. The global investment bank slashed FY23-25CL EBITDA by 18-25% on lower profitability.

    Morgan Stanley on Aditya Birla Capital: Overweight| Target Rs 150
    Morgan Stanley maintained an overweight rating on Aditya Birla Capital with a target price of Rs 150. The stock is on the path to becoming a steady compounder.

    Profitability across ABCL's businesses has been improving which is a positive sign, it said. The global investment bank expects consolidated ROE to surpass 15% in FY25.

    It slashed forecasts but raised the price target.

    (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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