Hot Stocks: Brokerages on Tata Motors, Indus Tower and Varun Beverages

Brokerage firms, CLSA maintained a buy rating on Indus Tower, Nomura maintained a buy call on Tata Motors and Motilal Oswal maintained a buy rating on Varun Beverages.

We have collated a list of recommendations from top brokerage firms from ET Now and other sources. Take a look:

CLSA on Indus Tower: Buy | Target Rs 258


CLSA maintained a buy rating on Indus Tower with a target price of Rs 258. The company’s ESG rating is ahead of the country and sector average. The management is increasing its focus on ESG.

Nomura on Tata Motors: Buy| Target Rs 520

Nomura maintained a buy on Tata Motors with a target price of Rs 520. The stock is trading at ~4.3x FY24 EV/EBITD.

Tata Motors is taking a lead in EVs and its strategy is to position them as premium vehicles, it said.


Motilal Oswal on Varun Beverages: Buy| Target Rs 1,230

Motilal Oswal maintained a buy rating on Varun Beverages with a target price of Rs 1,230.

The company’s robust growth is aided by wide distribution and attractive prices. Its newly launched segments-energy drink and dairy beverages are doing well, it said.

The company entered into the energy drink segment in CY17 and contributed from this segment to overall VBL's portfolio moving up, it added.

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