Hot Stocks: Global brokerages on M&M, Axis Bank and Campus Activewear

Global brokerage firm BofA Securities maintained buy rating on M&M, while Goldman Sachs also retained a buy on Axis Bank. CLSA maintained outperform rating on Campus Activewear.

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

BofA on M&M: Buy| Target Rs 1450

BofA Securities maintained its buy rating on M&M with a target price of Rs 1450 which translates into an upside of over 12 per cent from Rs 1288 recorded on 16 August.

Five e-SUVs under two brands and the Volkswagen alliance will work in favour of the automaker, it said. "Given positive EPS revisions and catalysts around its EV launch, there is still more steam left in stock."

Goldman Sachs on Axis Bank: Buy| Target Rs 916
Goldman Sachs maintained buy rating on Axis Bank with a target price of Rs 916 which translates into an upside of nearly 20 per cent from Rs 765 recorded on 16 August.

"Axis Bank is balancing loan-deposit growth and return on assets (ROA) in the near term. It is well positioned in the near-to-medium term," it said.

The global investment bank sees higher net interest margins (NIMs) in the subsequent periods.

CLSA on Campus Activewear: Outperform| Target Rs 440
CLSA maintained its outperform rating on Campus Activewear with a target price of Rs 440 which translates into an upside of over 4 per cent from Rs 422 recorded on 16 August.

"Better execution continues to aid healthy growth in a growing category. The company showed a strong show in seasonally weak Q1," it said.

Revenues were up 150% with 143% volume growth which is a positive sign, it added.

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