homephotos Newsmarket NewsPower Grid, Hindalco, SRF: Friday's top brokerage calls

Power Grid, Hindalco, SRF: Friday's top brokerage calls

SUMMARY

Jefferies has a 'hold' stance on SRF with a target price of Rs 2,290 while CLSA has a 'buy' call on shares of Hindalco with a target price of Rs 525. Check out top stocks on brokerage radar today

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By Sangam Singh  Sept 30, 2022 8:35:52 AM IST (Published)

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SRF | Jefferies has a 'hold' stance on SRF with a target price of Rs 2,290 per share. The brokerage expects weakness in the company's July to September quarter earnings.

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Hindalco | CLSA has a 'buy' call on Hindalco with a target price of Rs 525 on the company's shares. The brokerage firm sees concerns in demand for the aluminum maker's downstream business and weak financial results for the second quarter.

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Power Grid Corporation | Jefferies has a 'buy' stance on Power Grid Corporation with a target price of Rs 260 per share. The brokerage believes that the company is a beneficiary of asset monetisation.

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Financial service companies | CLSA said that it expects a strong September quarter for financial companies with improved margins. It added that it sees 10bps margin improvement in net interest margins of SBI, Axis Bank and Kotak Mahindra Bank.

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