Brokerage Views: Axis Bank, Bharti Airtel, Larsen & Toubro, Polycab in focus today. Check out the complete list

They are also bullish on Larsen & Toubro, but divided on stocks such as Polycab and Container Corp (Concor).

Brokerage Views, Axis Bank, Bharti Airtel, Larsen & Toubro, Polycab, UltraTech, Maurti, SBI Cards, Bharti Airtel in focus today - Image Source: IANS

Brokerages are upbeat on Axis Bank after the private sector lender beat Street estimates with its financial results on all fronts. They are also bullish on Larsen & Toubro, but divided on stocks such as Polycab and Container Corp (Concor).

Here's what they make of stocks such as Axis bank, Polycab, Mahindra & Mahindra and UltraTech today:

Axis Bank

TRENDING NOW

A majority of brokerages are upbeat on Axis Bank. CLSA, Jefferies, UBS and HSBC each have a 'buy' on Axis Bank, whereas Morgan Stanley and JPMorgan each have an 'overweight' and Macquarie a 'neutral'.

According to Macquarie, loan growth at the lender lags its peers.

Also Read: Axis Bank Q3 Results: Net profit jumps 62%, beats analysts' estimates; margin, asset quality improve

Brokerages	Rating	Price Target
Morgan Stanley	Overweight	INR 1200
JP Morgan	Overweight	INR 1100
Jefferies	Buy	INR 1170
CLSA	Buy	INR 1250
UBS	Buy	INR 1100
HSBC	Buy	INR 1200
Macquarie	Nuetral	INR 790

Concor

Divestment-bound PSU firm Container Corporation reported a set of earnings that fell short of analysts' expectations.

Weak domestic profitability owing to lower volumes led to margin pressure for the company, according to Macquarie, which has an 'underperform' rating on the stock.

Nomura maintained a 'buy' rating on the stock, citing the company’s EXIM profitability and land licensing fee (LLF) that came in line with estimates.

Also Read: Q3 Results 2023: IDBI Bank, Canara Bank, Triveni Turbine, others announce December quarter results - HIGHLIGHTS

Morgan Stanley has an 'equal-weight' rating on Concor.

Brokerages	Rating	Price Target
Morgan Stanley	Equalweight	INR 707
Nomura	Buy	INR 895
Macquarie	Underperform	INR 620

Larsen & Toubro (L&T)

Nomura and Citi each have a 'buy' call on Larsen & Toubro.

Nomura highlighted that the company has mixed trends on the debt front, and its assets have been earmarked for exits over FY23-26 as part of its strategy.

Brokerages	Rating	Price Target
CITI	Buy	INR 2630
Nomura	Buy	INR 2425

Polycab

Morgan Stanley has an 'equal-weight' call on Polycab after the company's quarterly numbers exceeded analysts' estimates driven by improved margins in the cables and wires business. The FMEG company's business continues to show strong competitive intensity, according to the brokerage.

Jefferies and HSBC each have a 'buy' rating on the stock.

Brokerages	Rating	Price Target
Morgan Stanley	Equaleweight	INR 2947
Jefferies	Buy	INR 3630
HSBC	Buy	INR 3100

Bharti Airtel

Morgan Stanley has an 'overweight' rating on the telecom major, with a revised target price of Rs 860 as against Rs 825 earlier.

Mahindra & Mahindra (M&M)

CLSA has a 'buy' on M&M. The brokerage has raised its target to Rs 1,592 apiece from Rs 1,558 per share.

Ultratech Cement

Also Read: UltraTech Cement Q3FY23 Results: Higher input costs drag profit and margins on YoY basis; in-line with estimates

Jefferies has continued with a 'buy' on the Aditya Birla Group cement company. The brokerage has, however, reduced its target price to Rs 8,100 from Rs 8,300.

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