Posted on by Shloka Badkar

Kotak Mahindra Bank, HUL and more: Thursday’s top brokerage calls

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Indian Hotels | Morgan Stanley has maintained an ‘overweight’ rating on Indian Hotels at a target of ₹529 per share. It says the company’s business remains on track.
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HUL | HSBC has maintained a ‘hold’ rating on HUL with a target of ₹2,300 per share. It says the company delivered a modest volume growth in FY24 amid poor demand and rise in local competition
brokerage calls, buy sell, buy sell rating, kotak mahindra bank, HUL, axis bank, LTIMindtree, Indian Hotels, AU Small Finance Bank,
LTIMindtree | Morgan Stanley has maintained an ‘equal-weight’ rating on LTIMindtree with a target of ₹4,600 per share. it says the expectation of growth is returning from the first quarter for the company.
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AU Small Finance Bank | Morgan Stanley has maintained an ‘overweight’ rating on AU Small Finance Bank with a target of ₹850 per share. It says the company’s fourth quarter profit before tax was 14% above estimate.
brokerage calls, buy sell, buy sell rating, kotak mahindra bank, HUL, axis bank, LTIMindtree, Indian Hotels, AU Small Finance Bank,
Axis Bank | Morgan Stanley has maintained an ‘overweight’ rating on Axis Bank with a target of ₹1,450 per share. It says the company’s deposit growth acceleration is the next key re-rating catalyst.
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Kotak Mahindra Bank | Jefferies has maintained a ‘hold’ rating on Kotak Mahindra Bank with a target of ₹1,970 per share. It says the RBI’s recent ations on the company will be reviewed upon audit and reoslution and if it takes over six months for the same, it could affect the lendr’s revenues and costs.
brokerage calls, buy sell, buy sell rating, kotak mahindra bank, HUL, axis bank, LTIMindtree, Indian Hotels, AU Small Finance Bank,
Kotak Mahindra Bank | Citi has maintained a ‘neutral’ rating on Kotak Mahindra Bank with a target of ₹2,040 per share. It says the RBI actions will adversely impact the lender’s growth, NIM and free income.