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We have collated a list of recommendations by top brokerage firms from ETNow and other sources:
Macquarie on ABB India: Outperform| Target Rs 3750
Macquarie maintained an outperform rating on ABB India with a target price of Rs 3750. The company recorded its highest-ever quarterly order inflow in Q4.
The company saw broad-based order inflow growth in the March quarter. Strong execution pick-up was seen across various segments is a positive sign.
Double-digit EBIT margins were recorded across most segments.
Jefferies on Havells India: Hold| Target Rs 1335
Jefferies maintained a hold rating on Havells India with a target price of Rs 1335. The company saw softer consumer offtake, but industrial demand remained healthy, it said.
Lloyd reported an EBIT loss yet again, and the AC inventory is also higher. The global investment bank is of the view that most of the positives appear priced-in at the current PE.JPMorgan on Cholamandalam Investment: Overweight| Target Rs 1020
JPMorgan maintained an overweight rating on Cholamandalam Investment with a target price of Rs 1020. The company recorded a margin improvement while maintaining system-leading growth which addresses our primary concern, it said.
“All the growth vectors are firing. The asset quality remains solid, and the premium valuations can sustain in the near-term,” it added.
Emkay on Titan Company: Hold| Target Rs 2620
Emkay maintained its hold rating on Titan Company with a target of Rs 2620 post March quarter results.
Q1 EBITDA was 3% below our estimates due to a weaker margin in watches /eyewear, while the jewelry margin was better. Q1TD commentary was mixed, with demand picking up in the festive season, yet remaining subdued otherwise.
(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of Economic Times)
