Stock recommendations by brokers for March 18

UBS has initiated its protection of BSE with a ‘buy’ ranking with a goal value of Rs 5,350. Analysts stated BSE has numerous income streams and its working margins are doubtless to enhance. Recently BSE’s elevated market share on account of higher dealer administration, and providing of an alternate expiry day to NSE, its key competitor. They really feel the current enchancment in volumes for BSE on non-expiry days, suggesting volumes transferring from NSE to BSE not absolutely priced in.
Goldman Sachs has a ‘sell’ ranking on Dixon Technologies with a goal value of Rs 10,500. Analysts, nevertheless, stated that the margin profit accruing from rising worth addition, is offset by the loss in PLI profit for the cell phone phase which shall be ending in FY26. They see restricted potential for firm to shock on already optimistic-looking estimates.
HSBC has upgraded Tata Motors to ‘buy’ however its goal value has been minimize to Rs 840 from Rs 930. Analysts really feel that the inventory’s valuation de-rating within the final 2-3 quarters now seems to be cheap. JLR is now buying and selling at 1.8x FY26(anticipated) EV/EBITDA, which is on the decrease finish of the historic common.
Citi has a ‘buy’ ranking on HPCL with a goal value of Rs 460. Analysts really feel HPCL’s nine-month reported EBITDA might have been 80% greater with out the influence of LPG under-recoveries. They stated a push for well timed compensation by the highest management of OMCs might assist buyers relaxation a bit extra assuredly.
Elara Securities India has an ‘accumulate’ ranking on Varun Beverages with a goal value of Rs 555. The inventory value has corrected 25% prior to now three months on fears of competitors and issues over slower quantity development within the India enterprise. Analysts imagine the early onset of summers ought to profit the business and VBL within the near-term and low penetration ought to present consolation on long-term alternative. As regards aggressive depth, environment friendly servicing of commerce nonetheless must be scaled up by the brand new participant, Campa and the incumbent has an edge. They additionally really feel it could be difficult for the brand new entrant to allow acceptance of latest style.
Disclaimer: The opinions, analyses and recommendations expressed herein are these of brokerage and don’t replicate the views of The Times of India. Always seek the advice of with a professional funding advisor or monetary planner earlier than making any funding selections.