Hot Stocks: Brokerage view on UltraTech Cement, Ambuja, L&T and Maruti Suzuki

Synopsis Jefferies kept a buy score on L&T with a target rate of Rs 3050. H1 must see order circulation traction as elections drive front-ended FY24E order flow.ET Bureau & AgenciesBrokerage company Macquarie preserved an outperform score on UltraTech Cement and Ambuja. Jefferies kept a buy score on L&T and CLSA suggested a Sell on Maruti Suzuki. We have actually looked at a list of suggestions from leading brokerage companies from ETNow and other sources: Macquarie on Cement: UltraTech Cement and Ambuja Cements Macquarie kept an outperform ranking on UltraTech Cement however raised the target rate to Rs 9250 from Rs 9087. The worldwide brokerage company suggests outperform score on Ambuja Cements however slashed the target cost to Rs 480 from Rs 506 earlier. Macquarie kept a neutral ranking on Shree Cement however slashed the target cost to Rs 25,149 from Rs 25,236 earlier. The worldwide financial investment bank stayed neutral on ACC however raised the target to Rs 2128 from Rs 1998 earlier. It suggests a neutral score on Ramco Cement however raised the target to Rs 955 from Rs 865 earlier. Increasing capability concentration and a healthy need outlook make the cement sector appealing. The worldwide financial investment bank stayed useful on the cement stocks. Strong need development bodes well for profits. Expense small amounts ought to help margin healing. “Industry debt consolidation provides assistance to our medium-term positive outlook,” stated the note. Dalmia Bharat has an outperform ranking, however the worldwide financial investment bank raised the target rate to Rs 2658 from Rs 2441 earlier. Jefferies on L&T: Buy
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