We have collated a list of recommendations from top brokerage firms from ETNow and other sources:
Jefferies on EMS Industry: Dixon Technology and Amber Enterprises
Jefferies maintained a hold rating on Dixon Technology but hiked the target price to Rs 5050 from Rs 4300 earlier.
The global investment bank maintains a buy rating on Amber Enterprises but hiked the target price to Rs 3740 from Rs 3390 earlier.
Indian electronics manufacturing services (EMS) industry is estimated to reach $59 billion by FY26, a strong 32% CAGR over FY23-26.
Growth led by China+1, cheaper labor, and electronics under-penetration. The government is boosting indigenization, and components is a key focus area.
Dixon Technologies, and Amber Enterprises are incumbents while SYRMA SGS Technology, Kaynes Technology India and Avalon Technologies have been listed recently.Macquarie on United Spirits: Underperform| Target Rs 735
Macquarie maintained an underperform rating on United Spirits with a target price of Rs 735. United Spirits has had healthy market share gains vs Pernod over the last few quarters.
The global investment bank sees risks to EPS growth from likely precedence set by Karnataka for other states of using liquor taxes to fund election promises, execution risk associated with brand renovations, and inflationary pressures especially in glass.
Jefferies on India Property: Godrej Properties, Macrotech and DLF preferred picks
Jefferies prefers Godrej Properties, Macrotech, and DLF as preferred picks from India realty space.
Residential property markets have continued to see double-digit volume and pricing gains, well into Q2.
The global investment bank sees rising launch activity ahead of the festive season. Listed developer sales trailed the broader market in 1Q, largely on low inventory.
Timely launches should reverse this trend. The mortgage rates have been flat for 6 months and affordability is at average levels.
(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
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