Hot Stocks: Brokerages on Tata Power, Aditya Birla Fashion

Global brokerage CLSA maintained its sell rating on Tata Power while Motilal Oswal retained buy on Aditya Birla Fashion.

We have collated a list of recommendations from top global brokerage firms from ETNow:

CLSA on Tata Power: Sell| Target Rs 212
CLSA maintained a sell rating on Tata Power for a target of Rs 212. The stock closed at Rs 229 on 24 August.

"Coal remains a key PAT driver for Tata Power. The company targets 4x PAT over FY22-27. The global investment bank maintains sell as the stock remains expensive," it said.

Motilal Oswal on Aditya Birla Fashion: Buy| Target Rs 380
Motilal Oswal maintained buy on Aditya Birla Fashion with a target price of Rs 380. The stock closed at Rs 293 on 24 August.

Strong execution capability is reflected in its quarterly results, the brokerage said, adding that the recent fundraising from GIC was followed by improved profitability.

A balance sheet, healthy cash flows, and a strong overall performance remains key, MOSL said.

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