Hot Stocks: Brokerages on Mahindra CIE, Equitas Small Finance Bank and Gujarat Fluorochemicals?

Brokerage firm Motilal Oswal maintained a buy rating on Mahindra CIE, Equirus retained a long call on Equitas Small Finance Bank, and ICICI Securities has a buy rating on Gujarat Fluorochemicals.

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

Motilal Oswal on Mahindra CIE: Buy| Target Rs 360| LTP Rs 312| Upside 15%
Motilal Oswal maintained its buy recommendation on Mahindra CIE for a target of Rs 360 which translates into an upside of 15% from Rs 312 recorded on 26 December.

The company’s focus is on profitability and capital allocation. It is also focusing on areas in terms of geography and product, said the brokerage.

"The proposed sale of its German CV forging operations is a positive development. The stock trades at 13.6x/11.3x CY23E/CY24E consolidated EPS," it added.

Equirus on Equitas Small Finance Bank: Long| Target Rs 80| LTP Rs 54| Upside 48%
Equirus Small Finance Bank maintained its long recommendation on Equitas Small Finance Bank with a target price of Rs 80 which translates into an upside of 48% from Rs 54 recorded on December 26.

Vasudevan's decision to continue the Equitas franchise is a positive development for the bank, said the brokerage. The brokerage firm values the stock at 1.8x (earlier 1.6x) on Sep'24 ABV (adjusted book value).

Gujarat Fluorochemicals: Buy| Target Rs 4270| LTP Rs 3017| Upside 42%
ICICI Securities recommend a buy on Gujarat Fluorochemicals with a target price of Rs 4270 which translates into an upside of 42% from Rs 3017 recorded on 26 December.

Gujarat Fluorochemicals’ (GFL) stock price has corrected 21% in the past month, and 25% in the past three months while fundamentals remain robust with opportunities expanding.

The stock trades at a reasonable P/E valuation of 19.5x FY24E and 13.2x FY24E EV/EBITDA – this makes it the most affordable India fluorine player by valuations, said the brokerage.

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