BROKERS CHOICE: HYUNDAI, INDIGO, MARUTI, TVS, MAHINDRA, HEROMOTO, KOTAKBANK, IDFCFIRST, AUBANK, SWIGGY, ITCOMPANIES

MUMBAI, 22 SEPTEMBER: અગ્રણી બ્રોકરેજ હાઉસ તથા ફંડ હાઉસ તરફથી પસંદગીના સ્ટોક્સમાં ખરીદી\ વેચાણ\ હોલ્ડ કરવા માટે ભલામણ કરવામાં આવી છે. તે રોકાણકારોના અભ્યાસ માટે અત્રે રજૂ કરીએ છીએ.

GS on Hyundai: Maintain Neutral on Company, raise target price at Rs 2970 (Positive)

Jefferies on Indigo: Maintain Buy on Company, raise target price at Rs 6925 (Positive)

Jefferies on Adani Ent: Maintain Buy on Company, target price at Rs 3000 (Positive)

BofA on Knowledge Realty Trust: Initiate Buy on Company, target price at Rs 110 (Positive)

Nuvama on Maruti: Maintain Buy on Company, raise target price at Rs 18200 (Positive)

Nuvama on TVS: Maintain Buy on Company, raise target price at Rs 4100 (Positive)

Nuvama on M&M: Maintain Buy on Company, raise target price at Rs 4200 (Positive)

Nuvama on Hero Moto: Maintain Buy on Company, raise target price at Rs 6200 (Positive)

MOSL on Kotak bank: Maintain Buy on Bank, target price at Rs 2400 (Positive)

JP Morgan on Shriram Fin: Maintain Overweight on Company, raise target price at Rs 740 (Positive)

JP Morgan on M&M Fin: Maintain Overweight on Company, raise target price at Rs 335 (Positive)

JP Morgan on L&T Fin: Upgrade to Neutral on Company, raise target price at Rs 260 (Positive)

MS on IDFC First: Maintain Equal weight on Company, target price at Rs 68 (Positive)

MS on AB Capital: Maintain Overweight on Company, target price at Rs 330 (Positive)

MS on AU Bank: Maintain Overweight on Company, target price at Rs 860 (Positive)

BofA on Eternal: Maintain Buy on Company, raise target price at Rs 400 (Positive)

BofA on Swiggy: Maintain Buy on Company, raise target price at Rs 475 (Positive)

Jefferies on Consumer Durables: GST rate cut: Reduced to 18% vs 28% w.e.f. 22 Sept, approximately 8% lower market price (Positive)

Nuvama on Auto sector: Downgrades Eicher & Bajaj Auto to Hold (Neutral)

Citi on IT Sector: Indian IT view has been cautious. Margins of Indian IT companies will get impacted (Neutral)

ICICI on IT Sector: Believe IT services companies should benefit from this move, as it would trigger higher offshoring to reduce costs. See 6% average impact on EPS (Neutral)

Emkay on IT Sector: Believe such an impact is unlikely to be disruptive for IT companies. Limiting the overall impact (Neutral)

Nuvama on IT Sector: Higher H-1B fees to have limited impact, Indian IT firms mitigating via nearshoring & local hiring (Neutral)

MOSL on IT Sector: Trump’s H-1B fee order poses evolving risk but EPS impact limited as only 3–5% of workforce on H-1B visas (Neutral)

Nomura on IT Sector: US introduces one-time fee of $100k for new H1B applications, Worst-case margin impact estimated at 10–100 bps for coverage universe (Neutral)

Investec on IT Sector: H-1B proclamation: No meaningful impact, Margins unlikely to be impacted in near term (Neutral)

Jefferies on IT Sector: US government’s move to introduce a $100K fee for new H1B applications will entirely offset EBIT per H1B employee, driving a shift away from H1B usage (7-12% of rev) toward local hiring, subcontracting, & near/offshoring (Neutral)

Citi on Vodafone Idea: Maintain Buy on Company, target price at Rs 10 (Neutral)

MS on PayTM: Maintain Equal weight on Company, target price at Rs 1175 (Neutral)

BofA on Voltas: Maintain Underperform on Company, target price at Rs 1205 (Neutral)

Nomura on Voltas: Maintain Neutral on Company, target price at Rs 1317 (Neutral)

Nuvama on Voltas: Maintain Reduce on Company, target price at Rs 1070 (Neutral)

JP Morgan on Bajaj Fin: Maintain Neutral on Company, raise target price at Rs 1070 (Neutral)

JP Morgan on Chola Fin: Maintain Neutral on Company, raise target price at Rs 1620 (Neutral)

JP Morgan on SBI Cards: Maintain Underweight on Company, raise target price at Rs 830 (Neutral)

MS on SBI Cards: Maintain Underweight on Company, target price at Rs 710 (Neutral)

MS on PB Fintech: Maintain Underweight on Company, target price at Rs 1370 (Neutral)

MS on Bank India: Maintain Underweight on Company, target price at Rs 110 (Neutral)

BoFA Sec On IT Sector: New H-1B visa fee poses gross, pre-mitigation EPS risk of 7-17% over three years, companies have 12 months to plan & mitigate through higher offshoring & near-shoring. Mitigation efforts can fully offset risks over 3-5 years, Tech Mahindra most exposed (Negative)

CLSA On IT Sector: H-1B fee hike to have limited impact, applies only to new applications, not renewals or existing H-1B stock. Potential up to 6% hit to #FY27 earnings, assuming entire burden is borne by companies. Actual impact likely lower, Highest estimated impact: LTI Mindtree & Persistent (Negative)

(Disclaimer: The information provided here is investment advice only. Investing in the markets is subject to risks and please consult your advisor before investing.)

(સ્પષ્ટતા: અત્રેથી આપવામાં આવતી તમામ પ્રકારની માહિતી કોઇપણ પ્રકારે રોકાણ/ ટ્રેડીંગ માટેની સલાહ નથી. બજારોમાં રોકાણ જોખમોને આધીન છે અને રોકાણ કરતા પહેલા કૃપા કરીને તમારા સલાહકારની સલાહ લો.)