ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
  • Adani Saga
  • Markets
    • Stocks
    • Global Markets
    • IPO
    • Companies
    • Currency
    • Commodities
  • My Money
  • Calculators
    • Income Tax Calculator
    • Home Loan/EMI Calculator
    • Mutual Fund Returns Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • SIP calculator
    • Lumpsum Calculator
    • SWP Calculator
  • Videos
    • M Se Market
    • Jeb Zindagi Zaroorat
    • Light Camera Stocks
    • Tech Takes
    • Big Bulls Ka Nishana
    • Paisa Wasool
    • Commodity Ke MrityunjayMantra
    • The Right Property Show
  • Economy & Infra
    • Policy & Initiatives
    • Agriculture
    • Telecom
    • Aviation
    • Railways
    • Retail
    • Roadways
    • World Economy
  • Exclusive
    • Wealth Guide
    • Interviews
  • Auto
    • Cars
    • Bikes
    • Electric Vehicle
    • Commercial Vehicles
  • Tech
    • Mobiles
    • Gadgets
    • Reviews
    • Tips and Tricks
    • Apps
  • Real Estate
    • Home Buyers
    • Builders
  • Axis MF
  • Trending
    • Entertainment
    • Politics
    • Lifestyle
    • Travel
    • Sports
    • Viral
    • Education
    • Jobs
Read in App
Business News » Markets News

Brokerage Views: ICICI Lombard, ICICI Prudential, Paytm, metal stocks in focus today

Several global brokerages are upbeat on ICICI Lombard, ICICI Pru Life and Bank of India. Goldman Sachs believes the shares of Paytm may double from the current market price.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Brokerage Views: ICICI Lombard, ICICI Prudential, Paytm, metal stocks in focus today
ICICI Lombard, ICICI Prudential, Paytm, Siemens, Hindalco, Tata Steel, JSW Steel, Vedanta, metal stocks, NSE Nifty, BSE Sensex - Image Source: IANS

Brokerage Views: Global brokerages are upbeat on ICICI Lombard, ICICI Prudential Life and Bank of India a day after the companies reported their financial results for the October-December period. Macquarie is bullish on Siemens after the company bagged one of the largest orders from Indian Railways. CLSA has Hindalco as its top pick from the metals space.

Here are some key stocks under the brokerages' radar:

ICICI Lombard

The general insurance company reported a set of results on Tuesday that fell short of analysts' estimates.

CLSA and Jefferies each maintained a 'buy' rating on the stock with target prices of Rs 1,500 and Rs 1,620 per share respectively. 

 

Brokerage Rating Target Price
Morgan Stanley Overweight Rs 1,495
CLSA Buy Rs 1,500
Jefferies Buy Rs 1620
Credit Suisse Outperform Rs 1,500

 

Credit Suisse has an 'outperform' call on the stock with a target price of Rs 1,500. Morgan Stanley has an 'overweight' with a target of Rs 1,495.

Also Read: Q3 Results Today: ICICI Prudential, Tata Investment, Tata Metaliks, ICICI Lombard, declare December quarter results - Highlights

ICICI Prudential Life

The life insurance company's earnings also fell short of analysts' estimates. CLSA and Citi are positive on the stock, with a 'buy' call each. 

CLSA has a target price of Rs 620 for the stock and Citi's target is Rs 695.

Brokerage Rating Price Target
Morgan Stanley Overweight Rs 630
CLSA Buy Rs 620
Jefferies Buy Rs 580
CITI Buy Rs 695

Morgan Stanley has maintained 'overweight' on the stock with a target of Rs 630 apiece. The value of the new business (VNB) beat is attributable to higher product-level margins and the persistence trend of the insurance company is strong, according to the brokerage. 

Bank of India

Morgan Stanley maintained an 'overweight' on the lender's stock with a target price of Rs 125. Credit Suisse has given an 'outperform' call on the PSU Bank with a target of Rs 110 per share.

Brokerage Rating Price Target
Morgan Stanley Overweight Rs 125
Credit Suisse Outperform Rs 110

Paytm

Goldman Sachs believes Paytm operator One-97 Communications shares may double (112% upside) as it maintained a Buy rating on the digital company stock with a revised target price of Rs 1120 per share from Rs 1100 apiece earlier. 

Siemens

Macquarie has maintained 'outperform' on Siemens with a target price of Rs 3,330 per share on the back of strong order momentum.  

CLSA on metal stocks

CLSA believes a faster reopening in China and stimulus have provided a new lease of life for the metal sector. 

Hindalco: Maintain Buy, Target raised to Rs 580 from Rs 515

Tata Steel: Upgrade to Outperform from Sell, Target raised to Rs 135 from Rs 90

JSW Steel: Maintain Sell, Target raised to Rs 640 from Rs 480

Vedanta: Maintain Reduce, Target raised to Rs 295 from Rs 275

Jindal Steel & Power: Upgrade to Reduce from Sell, Target raised to Rs 610 from Rs 430

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
ICICI LombardICICI PrudentialPaytmSiemensHindalcoTata SteelJSW SteelVedanta
Written By: Vaibhav Gautam Bansode
Edited By: Sandeep Singh
Updated: Wed, Jan 18, 2023
02:17 pm
Mumbai, ZeeBiz WebDesk
RELATED NEWS
Should you buy, sell or hold Tech Mahindra, Infosys, IndusInd Bank, ICICI Lombard and other stocks in focus today? Should you buy, sell or hold Tech Mahindra, Infosys, IndusInd Bank, ICICI Lombard and other stocks in focus today?
Brokerage Views: Federal Bank, Bharti Airtel, Tata Chemicals, insurance stocks are in focus today Brokerage Views: Federal Bank, Bharti Airtel, Tata Chemicals, insurance stocks are in focus today
Infosys, ICICI Lombard, KPI Green Energy and more: Stocks to trade ex-dividend this week - Check record date, payment date Infosys, ICICI Lombard, KPI Green Energy and more: Stocks to trade ex-dividend this week - Check record date, payment date
ICICI Lombard trades in green as company delivers better-than-expected Q2 results ICICI Lombard trades in green as company delivers better-than-expected Q2 results
Stocks in News: ICICI Lombard Q2FY23 net income up 32%; Tata Communications' net profit grows 25%; HFCL Q2 profit flat Stocks in News: ICICI Lombard Q2FY23 net income up 32%; Tata Communications' net profit grows 25%; HFCL Q2 profit flat

LATEST NEWS

World Water Day: Can rainwater harvesting help address water needs?

Rupee leaps to 82.27 against US dollar after Fed rate hike

Hindenburg Research, whose report in January rocked Adani stocks, hints at 'another big one'

Accenture to layoff 19,000 employees amid challenging global economic conditions

IBM Quantum Networks onboards first Indian startup BosonQ PSI

Sebi says e-wallets for investing in mutual funds should be compliant with RBI-prescribed KYC norms

AP MLA quota MLC Election Result 2023: Voting for seven seats in Andhra Pradesh over, counting of votes underway

Which stocks to buy? Hero MotoCorp, ICICI Bank, ACC, Lupin, Dabur, ITC and other shares analysts recommend

United Spirits is Anil Singhvi's wealth creation stock pick — check out his target price

End of work from home? Report says 78 per cent workers choosing to head back to office to socialise

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2023. Indiadotcom Digital Private Limited. All Rights Reserved.
LIVE TV