Hot stocks: Brokerage take on Bajaj Auto, Titan, Dabur and 4 other stocks

Brokerage firms such as Nomura have a buy rating on Bajaj Auto, while JPMorgan has overweight and neutral ratings on Info Edge and Dabur, respectively. Citi has maintained a buy view on Bank of Baroda and IndusInd Bank. Goldman Sachs has a buy rating on Titan, and Morgan Stanley has an equal-weighted rating on Marico.

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

Nomura on Bajaj Auto: Buy | Target price: Rs 10,207
Nomura has maintained a buy rating on Bajaj Auto with a target price of Rs 10,207.

Nomura finds the CNG bike to be attractively designed with a premium look, rather than a commuter look, which could create a segment of its own over time.

Additionally, the brokerage firm thinks it may have the potential to sell 5-10K per month by the end of the year. One limiting factor could be waiting periods at CNG pumps.

JPMorgan on Info Edge: Overweight | Target price: Rs 6,900
JPMorgan has maintained an overweight rating on Info Edge with a target price of Rs 6,900

Naukri billings are in line with JP Morgan’s estimates. The Jobspeak index doesn't clearly indicate IT recovery. The brokerage firm believes Info Edge is a relatively cheaper and higher-quality play on IT recovery and expects a consistent improvement in Naukri billings momentum to be the key driver of stock performance.

Citi on Bank of Baroda: Buy | Target price: Rs 300
Citi has maintained a buy view on Bank of Baroda with A target price of Rs 300.
BoB’s Q1FY25 business update indicates that growth has moderated sharply.


Balance sheet consolidation and NIM management seem to be the priority.


Normalization of credit cost could be offset by higher Q1 seasonality and the absence of wage revision impact to provide support to broadly stable ROA.

Goldman Sachs on Titan: Buy | Target prices: Rs 3,700
Goldman Sachs has maintained a buy rating on Titan, however, it cut the target price to Rs 3,700 from Rs 3,800. The company’s Q1 revenue update was disappointing as the jewelry slowdown was much sharper than expected. Key competitors did much better in 1Q, which is a cause for concern. Titan's jewellery margins are also likely to be weak.

Morgan Stanley on Marico: Equal weight | Target price: Rs 566
MS has maintained an equal-weight rating on Marico with a target price of Rs 566.

The company’s Q1 performance was broadly in line with estimates while the demand trends continued to gradually improve. Management also expects revenue growth to improve, led by domestic volume growth and higher realizations.

JPMorgan on Dabur: Neutral | Target price: Rs 580
JPMorgan has maintained a Neutral rating on Dabur with a target price of Rs 580. The Q1 operational performance update was in-line with the estimates. The brokerage firm stays Neutral as risk-reward seems to be unfavourable. There is limited absolute upside and a lack of EPS upgrade catalysts in the near term.

Citi on IndusInd Bank: Buy | Target price: Rs 2,010
Citi has maintained a Buy view on IndusInd Bank with a target price of Rs 2,010.
Q1 business update - Advances growth lags expectations while deposits were in line. The brokerage firm expects NIMs to contract a tad QoQ and credit cost is likely to inch up to the upper end of guidance.

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