Hot Stocks: Brokerages on Max Financial, Berger Paints, Polycab and HDFC Life

Brokerage firm Jefferies maintained its buy rating on Max Financial and Polycab India. Macquarie retained its underperform rating on Berger Paints and Macquxarie maintained an outperform rating on HDFC Life.

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

Jefferies on Max Financial: Buy | Target Rs 800

Jefferies maintained a buy rating on Max Financial with a target price of Rs 800 post Q4 results.

“The stock recorded a healthy growth trajectory,” it said.

“A ramp-up of Banca will be the key. Margins compress partly as margins on high-ticket policies are lower. A ramp-up of Axis Bank will be key to growth,” it added.

Macquarie on Berger Paints: Underperform| Target Rs 510
Macquarie maintained an underperform rating on Berger Paints with a target price of Rs 510. The company reported a slower Q4 sales performance in comparison to Asian Paints.

“Grasim's entry remains a concern. But the management is confident of driving double-digit volume and value growth in the decorative segment,” it said.

Jefferies on Polycab India: Buy| Target Rs 4290
Jefferies maintained a buy rating on Polycab India with a target price of Rs 4290. The company recorded strong B2B demand, led by private capex and govt measures.

The global investment bank views Polycab as a beneficiary of infra/capex/housing revival, said the note.

Macquarie on HDFC Life: Outperform| Target Rs 655
Macquarie maintained an outperform rating on HDFC Life with a target price of Rs 655.

“The management is confident of achieving a 17-20% growth in the APE as well as the VNB segment. It reiterated growth irrespective of regulatory changes and heightened competitive intensity,” it said.

HDFC Life has delivered consistently above industry APE growth and is expected to do the same.

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