We’ve compiled a list of top brokerage firm recommendations from ETNow and other sources:
Jefferies at : Buy| LTP Rs 574 | Target Rs 700| Up 22%
Jefferies maintained a Buy rating on SBI with a target of Rs 700, up 22 per cent from Rs 574 recorded on 20th September.
The global investment bank increased earnings for SBI by 3-5 percent. It has discounted better credit growth as it is well positioned to gain market share.
Net interest margins (NIMs) may be range bound as the proportion of corporate loans increases. Healthy credit growth and low borrowing costs will support earnings growth, the release said.
Macquarie on HUL: Excel| Target Rs 3000| LTP Rs 2582| Up 16%
Macquarie retained the outperformance rating
with a target price of Rs 3000, up 16 per cent from Rs 2582 recorded on 20th September.
Channel checks indicate steady demand. The global investment bank expects revenue growth of 16 percent; costly inventories impacting EBITDA.
“Demand strength should maintain volume growth momentum. Downside risks to margins are limited,” the statement said.
Citigroup via PB Fintech: Buy| Target Rs 750| LTP Rs 511| Up 46%
Citigroup maintained a Buy rating on PB Fintech with a price target of Rs.750, up over 46 percent from Rs.511 recorded on Sept. 20.
POSP’s margins are likely to remain at constrained
It remains positive that Policybazaar dominates the market positioning for digitally managed insurance originations.
(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-why-sbi-hindustan-unilever-and-pb-fintech-could-give-16-40-returns-in-1-year/articleshow/94342770.cms SBI Share Price | HUL Share Price: Hot Stocks: Why SBI, Hindustan Unilever and PB Fintech could give 16-40% returns in 1 year?