Hot Stocks: Brokerages view on Kotak Bank, Tata Motors, Uno Minda, and Tata Technologies

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

Macquarie on BFSI: Kotak Bank, City Union Bank, and Bandhan Bank upgraded
Macquarie upgraded Kotak Mahindra Bank to outperform from neutral earlier and raised the target price to Rs 2,025 from Rs 1,860.

The global investment bank upgraded City Union Bank to outperform from neutral and raised the target price to Rs 180 from Rs 160 earlier.


Bandhan Bank was also upgraded to outperform from neutral earlier and the target price was raised to Rs 240 from Rs 225 earlier. Macquarie downgraded SBI to underperform from neutral earlier but the target price was raised to Rs 665 from Rs 615 earlier.

Bajaj Finance was also downgraded to underperform from neutral and the target was also cut to Rs 6,600 from Rs 8,100 earlier.

CLSA on Tata Motors: Outperform | Target Rs 1,181
CLSA maintained an outperform rating on Tata Motors with a target price of Rs 1,181. The management is confident of significant operational improvement.

The company has maintained its guidance of a 10% EBIT margin in FY26. The company plans to launch Range Rover Electric and New Jaguar in FY25.

JLR and Chery collaborated to license the Freelander brand to CJLR.

Goldman Sachs on Tata Technologies: Sell | Target: Rs 900
Goldman Sachs initiated a sell call on Tata Technologies with a target price of Rs 900. Base revenue from key customers - VinFast is likely to decline over the near term.

The telecom player has a higher dependence on its anchor customers than its peers. Long-term R&D spending in the emerging Aerospace segment was subdued in the past cycles.

Goldman Sachs on Uno Minda: Buy | Target: Rs 1,350
Goldman Sachs initiated a buy rating on Uno Minda with a target price of Rs 1350. Switching the lights on in alloy wheels and EVs. Localization in high-margin alloy wheels supports profit growth visibility.

Early product portfolio on E2Ws represents kit value optionality, and there is more room to run in 4W lighting and 2W Alloy wheels.

The company has a high multiplier of industry volume growth + stable margin profile.

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