Hot Stocks: Brokerages on L&T, Bharti Airtel, Tata Steel, and Aditya Birla Capital post Q2 results

Global brokerage Credit Suisse maintained an outperform rating on L&T, Citigroup retained buy on Bharti Airtel, CLSA downgraded Tata Steel to sell, and Morgan Stanley maintained an overweight stance on Aditya Birla Capital.

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

Credit Suisse on L&T: Outperform| Target Rs 2250
Credit Suisse maintained an outperform rating on L&T post September quarter results with a target price of Rs 2250.


Stronger traction on domestic execution and inflows bode well, it said. EBITDA margins were flat at the consolidated level.

Citigroup on Bharti Airtel: Buy| Target Rs 955
Citigroup maintained a buy rating on Bharti Airtel post Q2 results with a target price of Rs 955. The telecom major reported a robust performance in Q2'FY23.

CLSA on Tata Steel: Downgrade to Sell| Target Rs 90
CLSA downgraded Tata Steel to sell with a target price of Rs 90 as Q2 results were below estimates.

Profitability dropped sharply both in India and in Europe, it said. The global investment bank slashed FY23-25CL EBITDA by 18-25% on lower profitability.

Morgan Stanley on Aditya Birla Capital: Overweight| Target Rs 150
Morgan Stanley maintained an overweight rating on Aditya Birla Capital with a target price of Rs 150. The stock is on the path to becoming a steady compounder.

Profitability across ABCL's businesses has been improving which is a positive sign, it said. The global investment bank expects consolidated ROE to surpass 15% in FY25.

It slashed forecasts but raised the price target.

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