Top stocks buzzing on brokerages' radar
1/4
Goldman Sachs on GCPL
Goldman Sachs maintains overweight on stock with a target price of Rs 845 per share. "GCPL is likely to report acceleration in domestic volume growth," the brokerage said. It is tactically positive on GCPL post the recent correction and believes the share price will rise relative to index.
2/4
Credit Suisse on steel
Credit Suisse sees low risk of a domestic price decline in India and rather see steel companies benefiting from lower coking coal prices. It expect spreads for Indian steel mills to improve and is bullish on Tata Steel, JSPL & JSW Steel from the sector.
3/4
JP Morgan on SBI
JP Morgan maintains overweight on the stock with a target price of Rs 375 per share. It believes Q3 slippages are likely to trend sharply higher. "Divergence is sentiment negative but it will likely have a limited financial impact," it said.
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4/4
Morgan Stanley on HUL
Morgan Stanley maintains equal-weight on the stock with a target price of Rs 2,020 per share. The brokerage believes share price can fall relative to index in next 30 days. It also sees a higher probability of increased competition in home & personal care segment.