Hot Stocks: Brokerage view on IDFC First, Titan Company, Godrej Consumer and Marico

Brokerage firm Macquarie has an outperform rating on Marico, Morgan Stanley recommended an Equal Weight rating on Godrej Consumer, JPMorgan has an overweight rating on Titan and Jefferies initiated a buy on IDFC First Bank.

We have collated a list of recommendations from top brokerage firms from ETNow and other sources:

Macquarie on Marico: Outperform| Target Rs 600

Macquarie maintained an outperform rating on Marico with a target price of Rs 600. There is pick-up seen in the volume growth momentum.

The business update numbers were broadly in line with the commentary. India volume growth has seen a slight uptick.

The global investment bank expects a 4% sales decline and 15% EBITDA growth in Q4.

Morgan Stanley on Godrej Consumer: Equal Weight| Target Rs 1089

Morgan Stanley maintained an Equal Weight rating on Godrej Consumer with a target price of Rs 1089. Q4 performance was ahead of the estimate on the top line.The company reported a better performance in the Indian and Indonesian businesses. GoodKnight Agarbatti launch has been well received by consumers, which is a key positive.Devaluation in Nigeria continues to affect overall growth.

JPMorgan on Titan Company: Overweight| Target Rs 3950

JPMorgan maintained an overweight rating on Titan Company with a target price of Rs 3950. The jewellery business was in line with expectations; a steep rise in gold price could add to demand volatility.

Watches & Wearables and eyewear 500 growth was relatively subdued.

Jefferies on IDFC First Bank: Buy| Target Rs 100

Jefferies initiated coverage on IDFC First Bank with a buy rating and a target price of Rs 100. Full Suite banking aids high-growth

Operational efficiencies will play out from H2FY25. Over FY24-27 strong deposit growth will aid loan growth that should aid 28% EPS CAGR.

Improvement in Return on Assets ROA (to 1.5%) and Return on Equity ROE (to 14%) will aid rerating.

A fall in rates should help it more than peers, and the ability to raise capital will be the key. The valuations remain reasonable, which is a positive sign.

(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)

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