Brokerages select 10 largecap and 1 midcap stocks; note down their names and target prices
Top Largecap and Midcap Stock Ideas: Brokerages such as Jefferies, CLSA, Morgan Stanley, Macquarie, Citi, Nomura, and UBS have selected a number of stocks such as Gujarat Gas, Ultratech Cement, Shree Cement, ACC, Ambuja Cement, and Dalmia Bharat.
Top Largecap and Midcap Stock Ideas: BSE Sensex and Nifty 50 hit record highs on Monday (September 2, 2024). While Nifty closed the trading session at 25,278.7 levels after gaining for 13 sessions in a row, Sensex ended 0.24 per cent or 194.07 points higher at 82,559.84. Amid such a scenario, brokerages such as Jefferies, CLSA, Morgan Stanley, Macquarie, Citi, Nomura, and UBS have selected a number of stocks such as Gujarat Gas, Ultratech Cement, Shree Cement, ACC, Ultra Tech Cement, Ambuja Cement, and Dalmia Bharat. In this write-up, know the ratings and target prices that brokerages have given to these firms.
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Jefferies on Gujarat Gas (CMP 607)
The brokerage has maintained an 'underperform' rating on the firm with a target of Rs 450.
CLSA on Gujarat Gas (CMP Rs 607)
It has maintained an 'underperform' rating on Gujarat Gas with a target of Rs 420.
Morgan Stanley on Reliance (CMP Rs 3,019)
The brokerage has maintained an 'overweight' rating on RIL with a target price of Rs 3,416.
Macquarie on Ultratech Cement (CMP Rs 11,302)
Macquarie has maintained a 'neutral' stance on the cement firm, raising its target to Rs 11,106 from Rs 11,014.
Macquarie on Shree Cement (CMP 25,482)
The brokerage has maintained a 'neutral' rating on Shree Cement, cutting its target to Rs 25,243 from Rs 27,034.
Macquarie on ACC (CMP Rs 2,329)
It has maintained a 'neutral' rating on ACC, cutting its target to Rs 2,508 from Rs 2,592.
Macquarie on Ambuja Cement (CMP Rs 617)
Macquarie has maintained a 'neutral' stance on the cement company, raising its target Rs 620 from Rs 608.
Macquarie on Dalmia Bharat (CMP Rs 1,891)
Macquarie has maintained an 'outperform' stance on Dalmia Bharat, raising its target to Rs 2,176 from Rs 2,149.
Macquarie on Ramco Cement (CMP Rs 831)
The brokerage has maintained a 'neutral' stance on the firm, cutting its target to Rs 802 from Rs 876.
Citi on UltraTech Cement (CMP Rs 11,302)
Citi has maintained a 'buy' rating on the cement company with a target price of Rs 13,000.
UBS on Axis Bank (CMP 1175)
The brokerage has maintained a 'buy' stance on the lender, raising its target price to Rs 1,250 from Rs 1,150.
Nomura on Torrent Pharma (CMP Rs 3,485)
The brokerage has maintained a 'neutral' stance on the pharma giant with a target price of Rs 3,018.