Fund Houses Recommendations
![](https://businessgujarat.in/wp-content/uploads/2023/03/brokerage-recommendation-1-3.jpg)
(FOR 27/3/2023)
MS on Phoenix Mills: Initiate Overweight on Company, target price at Rs 1700/Sh (Positive)
Nomura on Crompton Cons: Maintain Buy on Company, target price at Rs 377/Sh (Positive)
CLSA on Crompton Cons: Maintain Outperform on Company, target price at Rs 350/Sh (Positive)
Jefferies on Godrej CP: Maintain Buy on Company, target price at Rs 1200/Sh (Positive)
CLSA on Kotak Bank: Upgrade to Buy on Bank, target price at Rs 2080/Sh (Positive)
CS on Sun Pharma: Upgrade to Outperform on Company, target price at Rs 1150/Sh (Positive)
JP Morgan on India: Nifty’s headline P/E is back at 2018/19 levels. Prefer Staples and 2 wheelers (Positive)
MS on NBFCs: Top picks are SBI Life, Bajaj Finance & Manappuram Finance move Shriram Fin & PB Fin up in the order. (Positive)
MS on SBI Cards: Near-term pressures on SBI Card could weigh on investor sentiment. (Negative)
BofA on M&M: Downgrade to Neutral on Company, target price at Rs 1320/Sh (Negative)
STOCK IN FOCUS
Ashok Leyland (CMP 137)
In view of the strong products basket, new launches across segments and CV up-cycle over next 1-1.5 years, we recommend BUY rating on ALL with a Target Price of Rs185, valuing the stock at P/E multiple of 17x.
Intraday Picks
DRREDDY (PREVIOUS CLOSE: 4464) BUY
For today’s trade, long position can be initiated in the range of Rs 4420- 4448 for the target of Rs.4570 with a strict stop loss of Rs 4370.
GRASIM (PREVIOUS CLOSE: 1594) SELL
For today’s trade, short position can be initiated in the range of Rs 1610- 1620 for the target of Rs.1570 with a strict stop loss of Rs 1635.
KOTAKBANK (PREVIOUS CLOSE: 1692) BUY
For today’s trade, long position can be initiated in the range of Rs 1675- 1685 for the target of Rs.1720 with a strict stop loss of Rs 1662.
(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.)