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Brokerage Firm Jefferies Upgrades Bank of Baroda to Buy
Bank of Baroda received a rating upgrade from Jefferies, which is now recommending the stock as a buy. This upgrade is based on the bank's recent financial performance, which included steady growth in loans and a strong performance in non-core segments. The bank's asset quality also remains manageable, with slippages remaining contained. Overall, Jefferies believes that Bank of Baroda is well-positioned for continued growth and is raising its target price on the stock to Rs 310.
Citigroup Maintains Buy Rating on Polycab, Raises Target Price
Citigroup has maintained its buy rating on Polycab India, but has raised its target price on the stock to Rs 7708. This adjustment is based on the company's strong Q4 results and its continued growth momentum. Polycab's cable and wire business has performed particularly well, while its FMEG business continues to face some challenges. However, Citigroup believes that Polycab's strong balance sheet and working capital position will help it to navigate these challenges. Overall, Citigroup is positive on Polycab's long-term prospects and believes that the stock remains a good investment.
Morgan Stanley Downgrades Tata Motors to Equal Weight, but Raises Target Price
Morgan Stanley has downgraded Tata Motors to equal weight, but has raised its target price on the stock to Rs 1100. This adjustment is based on the company's recent Q4 results, which showed a decline in margins for its JLR business. However, Morgan Stanley remains optimistic about Tata Motors' long-term prospects, particularly its potential in the electric vehicle market. The firm believes that the company is well-positioned to capitalize on the growing demand for EVs and that its recent investments in this area will pay off in the future.
Jefferies Maintains Buy Rating on Eicher Motors, Raises Target Price
Jefferies has maintained its buy rating on Eicher Motors, but has raised its target price on the stock to Rs 6000. This adjustment is based on the company's strong Q4 results, which were in line with expectations. Jefferies believes that Eicher Motors' two-wheeler business is poised for strong growth and that the company's long-term market share outlook has improved. Overall, Jefferies is positive on Eicher Motors' prospects and believes that the stock is still a good investment.
Source: Hot Stocks: Brokerage view on Tata Motors, Eicher Motors, Bank of Baroda and Polycab