Hot Stocks: Brokerages view on Tata Consumer, GAIL, JSPL and Bharti Airtel

Brokerage firm Nomura maintained a buy rating on Tata Consumer, and CLSA maintained a buy on GAIL India and Bharti Airtel. Also, CLSA has an underperform rating on JSPL.

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

Nomura on Tata Consumer: Buy| Target Rs 1075
Nomura maintained a buy rating on Tata Consumer but raised the target to Rs 1075 from Rs 875 earlier.


India's beverage growth holds up despite a highly competitive intensity. Salt business continued to be resilient.

Growth businesses (18% of sales) going strong. International and non-branded business drives overall margin beat.

CLSA on GAIL India: Buy| Target Rs 135
CLSA maintained a buy rating on GAIL India with a target price of Rs 135.

The big beat witnessed in September quarter results was led by gas trading. Trading profit rose nearly 3x our estimate driving a 76% PAT beat.

Robust growth in transmission volume. The company has raised gas trading guidance.

CLSA on JSPL: Underperform| Target Rs 720
CLSA maintained an underperform rating on JSPL with a target price of Rs 720. The Q2FY24 results were below estimates and expansion was delayed again.

There was an improvement in rebar prices. Capacity expansion was delayed, again, while cost has increased.

CLSA on Bharti Airtel: Buy| Target Rs 1110
CLSA maintained a buy rating on Bharti Airtel post Q2 results but raised the target price to Rs 1110 from Rs 1100.

The telecom major is leading India's mobile growth. It is also leading ARPU - its highest ever postpaid subscriber gains. There is growth seen in home broadband and enterprise businesses.

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