Hot Stocks: Brokerages on DLF, Prestige, Equitas Small Finance and Axis Bank

Brokerage Morgan Stanley maintained a buy rating on Axis Bank, Investec retained a buy call on Equitas Small Finance Bank, and Morgan Stanley continued to remain overweight on DLF, Prestige Estate, and Sobha.

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

Morgan Stanley on Property: Overweight on DLF, Prestige Estate and Sobha
Morgan Stanley continues to remain overweight on DLF, Prestige Estate, and Sobha, and Equal Weight on Oberoi and Macrotech Developers.


"Property up-cycle is now well entrenched. Listed developers appear well-prepared with deep new launch pipelines. Balance sheets have been significantly repaired which is a positive sign. Additionally, valuations are above mean levels," Morgan Stanley said.

Investec on Equitas Small Finance Bank: Buy| Target Rs 75
Investec recommends a buy on Equitas Small Finance Bank with a target price of Rs 75 which translates into an upside of over 30% from Rs 57 recorded on 27 December.

Equitas has transitioned to a stable banking franchise, the brokerage said, adding that the management uncertainty is over which augers well for the bank.

Equitas operates in high RoA (return on asset) products. The reverse merger will lead to 13% BVPS accretion, said the note.

Motilal Oswal on Axis Bank: Buy| Target Rs 1130
Motilal Oswal maintained a buy rating on Axis Bank with a target price of Rs 1130 which translates into an upside of over 20% from Rs 932 recorded on 27 December.

"The growth outlook is gaining traction. Opex ratios are likely to moderate. The domestic brokerage firm sees improving granularity to drive sustainable RoE. Loan growth is witnessing a healthy recovery with 14-18% growth. It has multiple levers in place to offset a rise in the funding cost," said the note.

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