Brokerage Recommendations for December 16

JM Financial has a ‘buy’ recommendation on JSW Infrastructure, India’s second largest private port player. Analysts believe the company is well-positioned to benefit from the government’s focus on infrastructure spending and port privatization. The target price is set at Rs 390, reflecting a potential 22% upside.

Elara Securities recommends Kalpataru Projects International with a target price of Rs 1,550, indicating a 19% potential gain. The brokerage highlights strong order momentum, steady execution, and improved EBITDA margins as key drivers.

ICICI Securities is bullish on GAIL, Mahanagar Gas, Indraprashtha Gas, and Gujarat Gas, noting the rising trend in natural gas consumption in India. Motilal Oswal Financial Services favors UltraTech Cement, Ambuja Cement, and J K Cement, citing a balanced geographic mix and strong capacity expansion records.

Several domestic brokerages have a ‘subscribe’ rating on Inventurus Knowledge Solutions’ IPO, which opened on Thursday and closes on Monday. The IPO has a price band of Rs 1,265 to 1,329 per share.

Disclaimer: The opinions and recommendations in this article are those of the brokerages and do not reflect the views of The Times of India. Always consult with a qualified advisor before making investment decisions.