Hot Stocks: Global brokerages on Hindalco, Coal India, and Eicher Motors

JPMorgan maintained its overweight rating on Hindalco while CLSA recommended a buy on Coal India and Eicher Motors post the June quarter results.

We have collated a list of recommendations from top global brokerage firms from ETNow:

JPMorgan on Hindalco: Overweight| Target Rs 560

JPMorgan maintained its overweight rating on Hindalco with a target price of Rs 560 which translates into an upside of over 27 per cent from Rs 440 recorded on 10 August.

The company reported a strong beat on all counts and stock outperformance should continue, said the note.

CLSA on Coal India: Buy| Target Rs 250
CLSA maintained its buy rating on Coal India with a target price of Rs 250 which translates into an upside of over 14 per cent from Rs 219 recorded on 10 August.

Q1 was above estimates on better realisations, it said, adding that the focus should now shift toward wage negotiations. The company received the highest-ever e-auction premium.

The company should look at diversifying from coal through forward integration, said the note.

CLSA on Eicher Motors: Buy| Target Rs 3763
CLSA maintained its buy rating on Eicher Motors with a target price of Rs 3763 which translates into an upside of over 19 per cent from Rs 3154 recorded on 10 August.

The June quarter results of Eicher Motors were better than its two-wheeler peers. “We expect continued improvement in volume across markets,” said the note.

Eicher Motors is one of the top stock picks in the 2-W segment, the note added.

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