Hot Stocks: Brokerage view on Nuvama Wealth,Man Industries, Automotive ER&D, SRF and Bandhan Bank

Brokerage firm Citi maintained a buy rating on Nuvama Wealth while Emkay Global and UBS initiated coverage on Man Industries and Bandhan Bank respectively.

InCred has a reduce rating for ER&D stocks Tata Tech and Tata Elxsi. Yes Securities suggests buying in Tech Mahindra, Indus Towers and Granules.

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

Citi on Nuvama Wealth: Buy| Target Rs 6000

Citi maintained a buy rating on Nuvama Wealth with a target price of Rs 6,000. New flows+capital market buoyancy+cost improvement may act as a catalyst.

Emkay on Man Industries: Buy| Target Rs 500

Emkay Global has initiated coverage on Man Industries with a buy rating and a target price of Rs 500.The company seems to be taking the next leap with two exciting projectsMan Industries has been gaining market share from a growing pie.

Building blocks to growth, cash generation, and returns 400 transition phases from ‘potential’ to ‘delivery’ offers positioning opportunities.

Risk/Reward proposition is also favorably placed for the company

InCred on Automotive ER&D:

Tata Tech: Reduce| Target Rs 797

Tata Elxsi: Reduce| Target Rs 6,064

Incred believes that the automotive sector at the crossroads of contrasting opportunities

Automakers are reconsidering the viability of alternate technologies.

Further, protectionism, pricing pressure and growth moderation add to the stress, which could moderate spending intensity or delay decisions.

Jefferies on SRF: Underperform| Target: Rs 2,125

Jefferies maintained an underperform rating on SRF and hiked the target price to Rs 2,125 from Rs 2,085.

Chinese crop protection exports remain elevated

Challenges continue in specialty chemicals

Price erosion in key products may be seen as refrigerant gas faces a challenging FY25

Fluoropolymers to ramp up gradually as headwinds persist in packaging films

UBS on Bandhan Bank: Neutral| Target: Rs 230

UBS initiates coverage on Bandhan Bank with a neutral rating and a target price of Rs 230.

USB expects decline in credit costs to be limited and gradual

Recent MFI disbursements have better underwriting and the outcome of new CEO appointment and CGFMU claims are near-term catalysts.

Yes Securities on Tech Mahindra: Buy| Target: Rs 1,560| Stop loss: Rs 1,390

Pritesh Mehta of Yes Securities suggests a buy call on Tech Mahindra stating that bullish broadening and anchor column follow through is seen on P&F chart, suggesting strength.

Yes Securities on Indus Towers: Buy| Target price: Rs 400| Stop loss: Rs 350

The domestic brokerage firm Yes Securities suggests buying Indus Towers as the stock is attempting to surpass the peak of the current month and bullish turtle breakout post base formation.

Yes Securities on Granules: Buy| Target price: Rs 530| Stop loss: Rs 530

Witnessing follow through move post bullish anchor column and ABC breakout, Yes Securities is positive on Granules.

(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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