ultratech cement: Hot Stocks: Brokerages on Au Small Finance Bank, Havells India, UltraTech Cement and IndusInd Bank

Global brokerage firm Credit Suisse maintained an underperform rating and an outperform rating on Havells India; BofA Securities kept a buy call on and CLSA kept an outperform rating on .

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

Credit Suisse on AU Small Finance Bank: Underperform | Target Rs 530

Credit Suisse maintained an underperform rating on AU Small Bank with a price target of Rs 530. Net interest margins (NIMs) were supported by fundraising, the broker said.

Management forecasts growth of 25-30% for FY23E. The global investment bank expects the valuation premium to fall.

Credit Suisse via: Outperform | Target 1500 rupees

Credit Suisse maintained an outperform rating on Havells India with a price target of Rs 1500. Temporary impact on margins in all segments, it said.

Performance is partially driven by commodity volatility. The global investment bank sees an increasing presence in electronics, which is a positive sign. She expects momentum from falling commodity prices.

BofA Securities on IndusInd Bank: Buy | Target 1400 rupees

BofA Securities kept a Buy rating on IndusInd Bank with a target price of Rs 1400. “Normalization is on course.

The global investment bank expects growth of 20% in FY23.

CLSA on IndusInd Bank: downgrade to outperformance | Target 1400 rupees

CLSA has downgraded IndusInd Bank to outperform rating with a target price of Rs 1400. The stock is trading closer to fair multiples, CLSA said.

Going forward, improving adhesion will be the key factor to focus on, he added.

CLSA on Cement: Surpass | Target Rs 7200

CLSA maintained an outperform rating on UltraTech cements with a target price of Rs 7200.

“Operating performance for the quarter ended September was better than the peer group. The second quarter was broadly in line with estimates and the demand outlook also looks strong,” the brokerage firm said.

(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-au-small-finance-bank-havells-india-ultratech-cement-and-indusind-bank/articleshow/94978930.cms ultratech cement: Hot Stocks: Brokerages on Au Small Finance Bank, Havells India, UltraTech Cement and IndusInd Bank

Russell Falcon

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