- JPMorgan Overweight On LIC, Target At Rs 840/Share
- Jefferies Keeps Buy Rating On HUL With Target Price of Rs 2,520
- Inox Wind Material Subsidiary – Inox Green Files For IPO
Let’s talk about a few stocks that are in focus today.
1 – CRUDE FALLS
2 – VEDANTA
3 – AVIATION STOCKS
Interglobe Aviation and Spicejet are in focus today – and one of the many reasons behind that is tough competition. There has also been a 5% air-traffic decline last week compared to the pre-COVID levels. This shows that the recovery in air traffic has been slower than expected.
4 – LIC
JPMorgan has initiated coverage on LIC with overweight and a target of Rs 340 per share. Stating that the largest life insurer in India is down 31% since IPO, JPMorgan said that they feel that the markets are mispricing the stock.
5 – HUL
Jefferies has kept a buy rating on HUL with a target price of Rs 2,520. The brokerage house says that industry trends remain muted due to tough macro.
6 – LIQUOR STOCKS ABUZZ
7 – SUGAR STOCKS IN FOCUS
The Indian government is likely to impose a ceiling on sugar exports for the second consecutive year starting this October to ensure ample domestic supplies and keep a cap on local prices.
8 – INOX WIND
9 – SUN PHARMA
Jefferies double upgrades Sun Pharma to Buy from Underperform, lifting the target price to Rs 910 from Rs 775. Jefferies says that Sun Pharma’s growth is expected to be driven by its speciality portfolio and India from hereon.
10 – ELGI EQUIPMENT
Pressure came in on the stock after the company’s promoter group created a pledge of 2.05 lakh shares on June 15.