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News Topical, Digital Desk : This week, brokerages have issued buy recommendations on several stocks. These include Ujjivan Small Finance Bank, PNB Housing, Bajaj Finance, ICICI Bank, Shriram Finance, Prestige Estates, UltraTech Cement, and Shree Cement. Bajaj Consumer Care has also received a buy recommendation. ICICI Securities has issued an investment recommendation for the stock. The brokerage expects the stock to see a rally and could yield returns of up to 57%.
ICICI Securities has issued an investment advisory on the stock with a target price of 400. The stock, which is currently listed on the BSE Smallcap Index, is trading at 256, suggesting a potential return of 56% from here. The stock also hit a year-high of 263.4 this week. According to the report, the company's management is increasing its focus on product innovation and profitability. It is also emphasizing long-term investments to accelerate growth. The brokerage firm stated that it has raised its long-term growth forecast. However, the report noted that there are risks of failure in new product launches and commodity inflation. Other stocks that received investment advice: Motilal Oswal issued an investment advisory on Prince Pipes on September 19th with a target price of 440, anticipating a rise of over 30%. Nomura has also recommended investing in Prestige Estates with a target price of 1900. CLSA has upgraded UltraTech Cement and Shree Cement. (Disclaimer: The advice or views expressed on CNBC TV18 Hindi/CNBC Awaaz are the personal views of the experts or brokerage firms; the website or management is not responsible for the same. Please consult your financial advisor or certified expert before investing.)
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