sizzling shares: Scorching Shares: Brokerages on Apollo Tyres, Tata Communication, ICICI Lombard and LIC Housing

Brokerage agency JPMorgan initiated protection on with an chubby score, CLSA maintained outperform score on and a purchase name on in addition to .

We now have collated an inventory of suggestions from high brokerage corporations from ETNow and different sources:

JPMorgan on Apollo Tyres: Obese | Goal Rs 370
JPMorgan initiated protection on Apollo Tyres with an chubby score with a goal of Rs 370. The administration imaginative and prescient of FY26 prioritises sustainable efficiency, it stated.

“The corporate is in an over-aggressive mode to seize market share. The corporate is now focusing extra on value self-discipline,
“ it added.

CLSA on Tata Communications: Outperform | Goal Rs 1,433
CLSA maintained outperform score on Tata Communications with a goal value of Rs 1,433. Knowledge enterprise income is up 11 per cent on a YoY foundation, however EBITDA is down by about 4% YoY, the brokerage stated.

The worldwide funding financial institution raised FY23 CL PAT estimate and retained outperform score on Tata Communications.

CLSA on ICICI Lombard: Purchase | Goal Rs 1,550
CLSA maintained its purchase score on ICICI Lombard with a goal value of Rs 1,550. The worldwide funding financial institution raised FY23-25CL EPS by 1-3%.

CLSA on LIC Housing: Purchase | Goal Rs 515
CLSA maintained a purchase score on

Finance with a goal value of Rs 515. The worldwide funding financial institution expects an enchancment in spreads over the following few quarters.

In contrast to property, liabilities will reprice steadily, it stated. The worldwide funding financial institution elevated EPS estimates by 5-7% with a normalised return on fairness (ROE) of 13-14%.

(Disclaimer: Suggestions, strategies, views and opinions given by the specialists are their very own. These don’t symbolize the views of Financial Occasions)