Hot stocks: Brokerage view on Aarti Industries, Britannia, LIC and Hindalco

Brokerage firm Nuvama has a buy rating on Aarti Industries while Goldman Sachs has a neutral rating on Britannia. Meanwhile, JP Morgan has overweight ratings on LIC and Hindalco.

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

Nuvama on Aarti Industries: Buy| Target price: Rs 600

Nuvama has maintained a buy rating on the stock but cut the target price to Rs 600 vs Rs 903 earlier.


The company posted disappointing Q2FY25 results and a sharp dip in the margins of its key product - MMA. Lower utilization was also witnessed amid a higher channel inventory. Adverse industry dynamics coupled with margin pressure in its key product were seen.

In light of its recent correction, Nuvama retained its buy rating as the stock offers valuation comfort.

JP Morgan on LIC: Overweight| Target price: Rs 1,075

JP Morgan upgraded LIC to Overweight from Underweight and also hiked the target price to Rs 1,075 from Rs 790.

The double upgrade was backed by the strong VNB growth from the enhanced product mix, which is likely to remain sustainable. JP Morgan has revised VNB forecasts for FY25/26 by 9% and 11% respectively. LIC continues to outweigh the negative impact from higher product benefits and lower bond yields.

Goldman Sachs on Britannia: Neutral| Target price: Rs 5,350

Goldman Sachs has maintained a neutral rating on the stock with a target price of Rs 5,350.

Q2 was significantly below the estimates. Volume growth in high-single-digit, but revenue growth was lower while the EBITDA margins declined sharply and the input cost pressure is likely to increase in H2FY25.

JP Morgan on Hindalco: Overweight| Target price: Rs 735

JP Morgan has maintained an overweight rating on Hindalco with a target price of Rs 735.

In Q2, India business delivered an all-round beat and the global brokerage firm said that it doesn’t see any negatives from the Q2 print. JP Morgan expects slight upward revisions to FY25 consensus estimates post-Q2 beat.

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