Bajaj Finserv, Samvardhana Motherson among 5 stocks on which brokerages initiated coverage
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Brokerages Pick
Several brokerage firms have recently initiated coverage on a number of stocks, providing both buy and sell ratings based on market outlooks. Stocks under the spotlight include Bajaj Finserv, KIMS, and Samvardhana Motherson, with analysts offering a range of projections. Here is a list of 5 stocks on which brokerages initiated coverage:
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Bajaj Finserv | CMP: Rs 1,853
Emkay initiated a 'Buy' rating on Bajaj Finserv. The brokerage firm set a target price of Rs 2,150 on the stock, which shows an upside of 16% from the current market prices.
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KIMS | CMP: Rs 2,733
HSBC initiated a 'Buy' rating on KIMS. The brokerage firm set a target price of Rs 3,300 on the stock, which indicates an upside of 21% from the current market prices.
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Samvardhana Motherson | CMP: Rs 189
Citi initiated a tactical 'Sell' rating on Samvardhana Motherson with a target price of Rs 105, implying a 44% downside from current levels.
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Medanta | CMP: Rs 1,114
HSBC initiated a 'Reduce' rating on Medanta with a target price of Rs 930, representing a 17% downside.
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Narayana Hrudayalaya | CMP: Rs 1,370
HSBC initiated a 'Reduce' rating on Narayana Hrudayalaya. The brokerage firm set a target price of Rs 1,000 on the stock, which shows a downside of 27% from the current market prices.