Stocks to Buy Today , Hot Stocks on December 2, 2024: Stocks of many companies including Titagarh Rail System, IndusInd Bank, Bajaj Finance, Petronet LNG, etc. will be in focus today, December 02, 2024 (Monday).
Share Price Target Today, Stocks To Buy Today, Money Making Ideas Today
Titagarh Rail Systems Share Price Target 2024
HSBC has maintained a buy rating on Titagarh Rail Systems Ltd. It has cut the target price to Rs 1425 from Rs 1980. The brokerage firm said that after the state elections were over, the allocation of metro rolling stock has resumed. It also noted that the opportunity pipeline is strong. It also observed that the execution of existing metro and Vande Bharat orders is slower than previously expected, leading to a cut in estimates. It cut the target on lower estimates and valuation multiples.
IndusInd Bank Share Price Target 2024
Morgan Stanley has maintained an equal-weight rating with a target price cut to Rs 1150 from Rs 1400. The brokerage firm said that MFI asset quality has led to a 30 percent drop in the stock price. "MFI trends are weakening, leading to further EPS cuts. Risk yield is not bad but nnear-termrisks are tilted to the downside. Continue to apply 30 percent bear case weight and look for better risk yield in large private banks," the brokerage said.
Bajaj Finance Share Price Target 2024
Bajaj Finance has a buy recommendation with a target price of Rs 8400. The brokerage firm said, "Credit Cards Bajaj Finance's exit from the co-brand credit card market is unlikely and concerns remain. Its impact on medium-term earnings will be limited. Flexi-loan book operations show limited risk. Improving asset quality and smooth succession are the keys to revaluation."
RBL Bank Share Price Target 2024
Investec has retained hthe old rating and cut the target price to Rs 170 from Rs 230. The brokerage firm said RBL Bank has ended its co-branding card arrangement with its largest sourcing partner BAF. "The move is due to increasingly stringent regulatory requirements for co-branding partners. Headline credit growth is expected to decline by 200 bps to 13-14 percent in FY25," the brokerage firm said.
Petronet LNG Share Price Target 2024
UBS has upgraded the rating from Neutral to BUY and raised the target price from Rs 320 to Rs 400. The brokerage firm said the company benefits from India's growing LNG dependence. "Capacity is being expanded at a time when India needs more LNG. India has secured 5 long-term LNG supply contracts starting 2in 026. Despite competition from new terminals, Dahej can handle 19-20 MMTPA of LNG," the brokerage said.
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