Brokerage Views: ICICI Lombard, ICICI Prudential, Paytm, metal stocks in focus today

Brokerage Views: Global brokerages are upbeat on ICICI Lombard, ICICI Prudential Life and Bank of India a day after the companies reported their financial results for the October-December period. Macquarie is bullish on Siemens after the company bagged one of the largest orders from Indian Railways. CLSA has Hindalco as its top pick from the metals space.

Here are some key stocks under the brokerages' radar:

ICICI Lombard

The general insurance company reported a set of results on Tuesday that fell short of analysts' estimates.

CLSA and Jefferies each maintained a 'buy' rating on the stock with target prices of Rs 1,500 and Rs 1,620 per share respectively. 

Credit Suisse has an 'outperform' call on the stock with a target price of Rs 1,500. Morgan Stanley has an 'overweight' with a target of Rs 1,495.

Also Read: Q3 Results Today: ICICI Prudential, Tata Investment, Tata Metaliks, ICICI Lombard, declare December quarter results - Highlights

ICICI Prudential Life

The life insurance company's earnings also fell short of analysts' estimates. CLSA and Citi are positive on the stock, with a 'buy' call each. 

CLSA has a target price of Rs 620 for the stock and Citi's target is Rs 695.

Morgan Stanley has maintained 'overweight' on the stock with a target of Rs 630 apiece. The value of the new business (VNB) beat is attributable to higher product-level margins and the persistence trend of the insurance company is strong, according to the brokerage. 

Bank of India

Morgan Stanley maintained an 'overweight' on the lender's stock with a target price of Rs 125. Credit Suisse has given an 'outperform' call on the PSU Bank with a target of Rs 110 per share.

Paytm

Goldman Sachs believes Paytm operator One-97 Communications shares may double (112% upside) as it maintained a Buy rating on the digital company stock with a revised target price of Rs 1120 per share from Rs 1100 apiece earlier. 

Siemens

Macquarie has maintained 'outperform' on Siemens with a target price of Rs 3,330 per share on the back of strong order momentum.  

CLSA on metal stocks

CLSA believes a faster reopening in China and stimulus have provided a new lease of life for the metal sector. 

Hindalco: Maintain Buy, Target raised to Rs 580 from Rs 515

Tata Steel: Upgrade to Outperform from Sell, Target raised to Rs 135 from Rs 90

JSW Steel: Maintain Sell, Target raised to Rs 640 from Rs 480

Vedanta: Maintain Reduce, Target raised to Rs 295 from Rs 275

Jindal Steel & Power: Upgrade to Reduce from Sell, Target raised to Rs 610 from Rs 430