Stocks to Buy: Wipro, Tata Chemicals, SRF, Pidilite Industries, Aarti Industries, Uno Minda and more
Stocks to Buy: Share market indices BSE Sensex and Nifty are regaining strength after two days of fall post Lok Sabha election results on June 4, Tuesday. The BSE Sensex closed higher by 0.93 per cent, or 692.27 points, at 75,074.51 on Thursday, while Nifty 50 closed up by 0.89 per cent, pr 201.05 points, at 22,821.40 on the same day. Amid such a market landscape, leading brokerages such as Morgan Stanley, JP Morgan, and Nomura, have picked a number of stocks such as Aarti Industries, SRF, Tata Chemicals, PI Industries, Navin Florine, Pidilite industries, Wipro, and Uno Minda. Know brokerage ratings and targets in this write-up.
Photos: Unsplash/Pixabay
Morgan Stanley on Aarti Industries Ltd (CMP 638)
Morgan Stanley on SRF Ltd (CMP 2297)
Morgan Stanley on Tata Chemicals Ltd (CMP 1063)
Morgan Stanley on PI Industries Ltd (CMP 3652)
Morgan Stanley on Navin Fulorine Ltd (CMP 3319)
JP Morgan on Pidilite industries (CMP 3089)
JP Morgan has maintained an 'overweight' on the firm, raising its target to Rs 3,300 from Rs 2,900.
The brokerage says the company's double digit volume growth is being driven by robust small town consumption.
Distribution expansion, enhanced innovation intensity and digitalisation initiatives should aid 1x+ GDP growth for core categories, says the brokerage.
Morgan Stanley on Wipro (CMP 461)
Nomura On Uno Minda (CMP 974)
Nomura has maintained a 'buy' rating on Uno Minda, raising its target Raise to Rs 1,063 from Rs 945.
The brokerage's new tie-up is significant, and it should expand content per vehicle sharply by 150-200K vs 50-60K currently, the brokerage says about the company.
The company's TAM is likely to expand multifold to *250bn by FY30, says Nomura.
Uno Minda's current valuation at ~38x P/E is attractive given the growth outlook, Nomura adds.