Stocks

Piramal Enterprises share price: Hot Stocks: Brokerages on Piramal Enterprises, PVR and Hindustan Aeronautics

Jefferies maintained buy on , BofA Securities retained buy on PVR, and ICICIdirect also maintained buy call on .

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

Jefferies on Piramal Enterprises: Buy| Target Rs 1250
Jefferies maintained its buy rating on Piramal Enterprises with a target price of Rs 1250. The stock closed at Rs 1062 on 30 August.

“Pickup in retail disbursements, especially in housing, should lift loan growth. Provisions could stay elevated in the near-term. Lending book trading at 0.7x FY23e BV, risk/reward which seems positive,” said the note.

BofA Securities on PVR: Buy| Target Rs 1830
BofA Securities maintained buy rating on PVR with a target of Rs 1830. The stock closed at Rs 1832 on 30 August.

Good movie content is lined up from 9th September. The near-term catalyst could be the release of the much-awaited movie “Brahmastra”, said the note.

The global investment bank expects the momentum to pick up in the coming months.

ICICIdirect on Hindustan Aeronautics: Buy| Target Rs 2860
ICICIdirect maintained a buy rating on Hindustan Aeronautics with a target price of Rs 2860. The stock closed at Rs 2294 on 30 August.

Strong earnings growth of ~25 per cent CAGR expected over FY22-24E led by execution of existing strong order book primarily comprising manufacturing of various types of indigenous missiles & torpedoes.

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


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