Hot Stocks: Brokerages view on Bajaj Auto, LTIMindTree, NTPC and TCS

We have collated a list of recommendations from top brokerage firms from ETNow and other sources:

UBS on Bajaj Auto: Sell| Target Rs 5600UBS maintained a sell rating on Bajaj Auto with a target of Rs 5600. e-3W transition dilutive to margins and market share.

The global investment bank is of the view that the market is overly confident about Bajaj Auto’s e-3W market share and looted margins.

“Competition and regulation could further dent margins,” said the note.

Macquarie on LTIMindTree: Outperform| Target Rs 7050Macquarie maintained an outperform rating on LTIMindtree with a target price of Rs 7050. LTIM expects to improve cross-selling and increase the number of services used by a client to 5-6 vs 2-3.Manufacturing, Energy, Travel and Insurance segments are expected to see better growth.The management expects a permanent reduction in DSOs once collection is done by the Government. M&A might be an option for the Healthcare vertical as it is currently small.

Sharekhan on NTPC: Buy| Target Rs 300Sharekhan maintained a buy rating on NTPC with a target price of Rs 300. NTPC plans to add 11.2 GW (apart from U/C capacity of 10 GW) of thermal power capacity beyond FY26 provides strong earnings growth visibility.

A new thermal capacity addition amid rising peak power deficit could act as a key re-rating catalyst as its valuations of 1.5x FY26E P/BV remain reasonable despite sharp run-up in the stock price.

“NTPC is our top pick in the power sector, given its strong earnings growth visibility, attractive valuation of 1.5x FY26E P/BV and a healthy dividend yield of 3-4%,” said the report.

Sharekhan on TCS: Buy| Target Rs 4200Sharekhan maintained a buy rating on TCS with a target price of Rs 4200. TCS announced a buyback of Rs 17,000 crore at a premium price of Rs 4,150 per share through the tender route.

Given the potential acceptance ratio and possible upside for retail/small investors, it is advisable to tender shares in buyback.

After the buyback, investors have the option to reinvest in the same number of accepted shares at a relatively lower prevailing market price.

Fundamentally, we have a Buy rating on TCS, with an unchanged Price Target (PT) of Rs. 4,200.

(You can now subscribe to our ETMarkets WhatsApp channel)

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)