Hot Stocks: Brokerage CLSA believes that rural India is slowly showing signs of recovery. As a result, demand will arise from rural areas due to recovery. Which can benefit the companies of cement and auto sector. Keeping all these factors in mind, the brokerage has preferred ratings on Mahindra & Mahindra and UltraTech Cement.
Bullet Eicher Motors
Brokerage firm Emkay has given a buy rating on the stock of Eicher Motors Share Price.
New Delhi: Today we will talk about five such stocks. On which the world’s renowned brokerage firm and investment bank including the country’s top brokerage firm have given their ratings. Apart from the rating on the stocks, he has also given the target price. Let us know about these five stocks.
Buy rating on Eicher Motors
Brokerage firm Emkay has given a buy rating on the stock of Eicher Motors Share Price. He has set Rs 4000 as the target price. Keep in mind that the target price given earlier was Rs.3590. The brokerage believes that there will be a return to the domestic franchise structure and a ramp up in exports. On the other hand, due to the cooling of commodity prices, the company can benefit in the coming times.
Overweight on ONGC stock (ONGC)
Morgan Stanley, which is considered among the top investment banks, has given Overweight rating on ONGC Share Price. The investment bank believes that ONGC can touch a target price of Rs 298 in the coming times. Let us tell you that recently there was a boom in the stock of ONGC. In fact, recently the company discovered two blocks of crude oil and natural gas in Mumbai offshore.
CLSA has provided ratings on the two stocks.
CLSA has assigned an underperform rating on Godrej Consumer. The brokerage has a target price of Rs 1,000 on Godrej Consumer Share Price. For Godrej Consumer, the brokerage says that the efforts made for transformation in FY2023 are starting to show in FY2024.
Preferred rating on UltraTech Cement and Mahindra and Mahindra
Brokerage CLSA has given Prefer ratings on Mahindra and Mahindra Share Price and UltraTech Cement Share Price. He believes that the recovery of the rural areas is visible again. Which can be benefited by the auto cement sector companies. Due to all these reasons, the brokerage has preferred large cap companies UltraTech and Mahindra & Mahindra from both these sectors.
(These are the personal suggestions/views of the expert/brokerage. They do not reflect the views of The Economic Times. Before investing in any fund/share, please consult your financial advisor.