Hot stocks: Brokerage view on HUL, Axis Bank, Macrotech Developers, Hero Motocorp

Brokerage firms BofA and Nomura have initiated buy ratings on HUL and Macrotech Developers while CLSA has an outperform rating on Axis Bank and UBS has a sell view on Hero Motocorp.

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

BofA on HUL: Buy| Target price: Rs 3,010

BofA maintained a buy rating on HU with a target price of Rs 3,010.


The gradual growth pick-up is likely with stable margins. The company is leveraging its market development capabilities to tap into high-growth spaces. In the longer term, the company believes double-digit earnings CAGR is still possible.

CLSA on Axis Bank: Outperform| Target price: Rs 1,400

CLSA has maintained an Outperform rating on Axis Bank with a target price of Rs 1,400.

The company has a focus on granularity and growth of the deposit franchise and there is no need for capital and calibrating underwriting in unsecured lending. Axis expects to grow loans 3-4 ppts faster than the industry and has enough equity capital in the near term.

Nomura on Macrotech: Buy| Target price: Rs 1,600

Nomura has initiated coverage on Macrotech Developers with a buy rating and a target price of Rs 1,600.

Solid earnings visibility with the right capital-allocation strategies is visible as the company expects pre-sales growth at 20% CAGR over FY25-26. The company has ample potential to exceed business development (BD) goals to maintain future growth. Palava is on the cusp of infra upgrades and is likely to benefit from both volume and price growth. Macrotech has visible rerating triggers, according to Nomura.

UBS on Hero Motocorp: Sell| Target price: Rs 3,350

UBS has maintained a sell rating on Hero Motocorp with a target price of Rs 3,350.

Honda is confident of replacing Hero as #1 in FY25 and its dealer inventory is on par with Hero. Scooterisation and electrification are hurting Hero.

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