Stocks on brokerages’ radar for December 23

Axis Securities has initiated coverage of Shriram Finance with a ‘buy’ recommendation and a target price of Rs 3,825 (+33%). Analysts feel, among other factors, the company has the potential to improve market share in the used-CV segment, diversification of portfolio ensuring healthy AUM growth and steady asset quality with lower mix of unsecured loans.

Motilal Oswal Financial Services continued with its ‘buy’ recommendation on Siemens but with a revised down price target of Rs 8,000 (+16%), from Rs 8,500 earlier. Analysts said the company recently highlighted growth opportunities from new-age technologies such as semiconductors, batteries, photovoltaic, and electric vehicles amid lower capex by the government and private sectors in 1HFY25. They believe some factors could weigh on the company’s performance in the near term but once government and private capex revises the company’s performance would also revive.

Bajaj Broking has a ‘buy’ recommendation on Hudco with a price target of Rs 314 (+30%). Analysts feel tailwinds for the company are emerging from the recent PMAY-2 housing scheme, which would translate into robust disbursements in the next three years alongside robust urban infra financing opportunities from NHAI projects announced by the states recently, alongside existing sanctions pipeline.

SBI Securities and Anand Rathi Share & Stock Brokers, among others, have given a ‘subscribe for long term’ rating on IPO-bound Carraro India. The Rs 1,250-crore offer is currently open and set to close on Dec 24.

Aditya Birla Capital, Anand Rathi Share & Stock Brokers and SBI Securities, among others, have given ‘subscribe’/ ‘subscribe for long term’ ratings on Senores Pharmaceuticals’ IPO. The Rs 582-crore offer is currently open and set to close on December 24.

Disclaimer: The opinions, analyses and recommendations expressed herein are those of brokerages and do not reflect the views of The Times of India. Always consult with a qualified investment advisor or financial planner before making any investment decisions.

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