hot stocks: Hot Stocks: Brokerages on Apollo Tyres, Tata Communication, ICICI Lombard and LIC Housing

Brokerage firm JPMorgan initiated coverage on with an Overweight rating, CLSA retained an Outperform rating on and a call to buy on and .

We’ve compiled a list of top brokerage firm recommendations from ETNow and other sources:

JPMorgan on Apollo Tires: Overweight | Target Rs 370
JPMorgan has initiated coverage of Apollo Tires with an overweight rating with a target of Rs 370. Management’s FY26 vision prioritizes sustainable performance, it said.

The company is in an overly aggressive mode to gain market share. The company is now increasingly focusing on price discipline,
it added.

CLSA on Tata Communications: Outperform | Target: Rs 1,433
CLSA maintained the outperformance rating on Tata Communications with a target price of Rs 1,433. Data revenue is up 11 percent year over year, but EBITDA is down about 4 percent year over year, the broker said.

The global investment bank raised CL-PAT estimate for FY23 and maintained the outperformance rating on Tata Communications.

CLSA on ICICI Lombard: Buy | Target 1,550 rupees
CLSA maintained its Buy rating on ICICI Lombard with a target price of Rs 1,550. The global investment bank increased earnings per share by 1-3% in FY23-25CL.

CLSA on LIC Housing: Buy | Target Rs 515
CLSA maintained a buy rating

Funding with a price target of Rs 515. The global investment bank expects spreads to improve over the next few quarters.

Unlike assets, liabilities are gradually being revalued, it said. The global investment bank increased EPS estimates by 5-7% on a normalized return on equity (ROE) of 13-14%.

(Disclaimer: Experts’ recommendations, suggestions, views and opinions are their own. These do not represent the views of Economic Times)

https://economictimes.indiatimes.com/markets/stocks/news/hot-stocks-brokerages-on-apollo-tyres-tata-communication-icici-lombard-and-lic-housing/articleshow/94956455.cms hot stocks: Hot Stocks: Brokerages on Apollo Tyres, Tata Communication, ICICI Lombard and LIC Housing

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