Here is a rundown of the ratings and target prices recommended by some of the world’s top brokerage firms on four prominent market stocks:
1. ICICI Lombard
- Rating: Buy
- Target Price: Rs 1550
- Brokerage Firm: Motilal Oswal
Motilal Oswal, a leading domestic brokerage firm, has bestowed a ‘Buy’ rating on insurance sector company ICICI Lombard, setting a target price of Rs 1550. The firm believes ICICI Lombard is primed to grow with the evolving landscape of the insurance industry in India.
2. Mankind Pharma
- Rating: Hold
- Target Price: Rs 1830
- Brokerage Firm: Jefferies
Global brokerage firm Jefferies has given a ‘Hold’ rating to Mankind Pharma, with a target price of Rs 1830. Jefferies views Mankind Pharma as a strong franchise and forecasts improved company performance in the near future.
3. Delhivery
- Rating: Outperform
- Target Price: Rs 460
- Brokerage Firm: Bernstein
Bernstein has assigned an ‘Outperform’ rating to New Age stock Delhivery, with a target price of Rs 460. Bernstein anticipates a surge in Delhivery’s performance due to improving cash flow and the company’s focus on cost reduction and revenue enhancement.
4. Suzlon
- Rating: Buy
- Target Price: Rs 22
- Brokerage Firm: ICICI Securities
ICICI Securities, another top brokerage firm in the domestic market, has recommended a ‘Buy’ rating on Suzlon stock, with a target price of Rs 22. The firm opines that Suzlon is ahead in margins compared to market competitors and stands to benefit from the rapid advancements in renewable industries.
