Titan, Astral among 5 stocks where foreign brokerages see up to 25% upside
1/6
Solid bets
Global brokerages have recently initiated coverage on several Indian companies across consumer, financials, and industrials, spotting potential upsides of up to 25%. Here are the five stocks in focus.
2/6
Aditya Birla Lifestyle Brands (ABLBL)
Morgan Stanley has begun coverage with an Overweight rating and a price target of Rs 175, an upside of 23%.
It called ABFRL a “defensive discretionary play” with strong core brands.
It called ABFRL a “defensive discretionary play” with strong core brands.
3/6
CG Power
Morgan Stanley also initiated coverage on CG Power with an Overweight call and a target of Rs 799. The target implies a 15% upside, highlighting CG Power’s positioning in India’s growing industrial and power solutions market.
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4/6
Astral
UBS has started coverage on Astral with a Buy rating and a price target of Rs 1,800. The brokerage sees a 25% upside, citing Astral’s leadership in pipes and building materials and strong growth prospects in allied categories.
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HDB Financial Services
Jeffries recently initiated Cohance Lifesciences with a Buy rating and a target price of Rs 1,150, implying a 28% upside. The brokerage expects Chance to post the highest growth rate among its CRDMO coverage
6/6
Titan Company
Bernstein recently initiated coverage on Titan with an Outperform rating and a target price of Rs 4,200. The call implies a potential 15% upside, supported by Titan’s strong presence in jewellery and watches.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)