citi maintains buy on endurance tech sona blw exide industries sell on samvardhana motherson varroc engineering balkrishna industries bharat forge
Global brokerage Citi is bullish on some of the auto ancillary stocks including Endurance Tech, Exide Industries and Sona BLW Precision, while it is bearish with a sell call on stocks such as Samvardhana Motherson, Varroc Engineering ,Balkrishna Industries and Bharat Forge.
Here below are the targets for each of the stocks.
Stock to buy: Endurance Technologies
Citi continues with its buy call on the stock and has raised the target to Rs 3,200, implying gains of over 33 per cent.
Stock to buy: Exide Industries
The brokerage while maintaining buy on the stock has raised the target to Rs 610. The suggested target implies gains of over 21 per cent.
Stock to buy: Sona BLW Precision
For the stock the brokerage has set the target at Rs 850, suggesting over 14 per cent potential gains.
Stock to sell: Samvardhana Motherson
The brokerage continues with its sell rating on the stock and has pegged the target at Rs 125.
Stock to sell: Varroc Engineering
The global brokerage has a sell call on the stock for a target of Rs 530.
Stock to sell: Balkrishna Industries
The stock has been given a 'sell' rating with a revised target price of Rs 2,400 per share.
Stock to sell: Bharat Forge
The brokerage has maintained its 'sell' call on the stock for a target of Rs 950 per share.