Business

Top Brokerages' Picks for December 20: Stocks to Watch

Ambuja Cements: A Hold with a Target Price of Rs 667

Nuvama recommends a 'hold' on Ambuja Cements with a target price of Rs 667, reflecting a potential 19% increase. The company's merger with Shanghi Industries and Penna Cement aims to enhance operational efficiencies, a move analysts applaud for streamlining the company's structure.

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Indiamart Intermesh: Reduce Recommendation with a Target Price of Rs 2,350

Kotak Institutional Equities advises a 'reduce' on Indiamart Intermesh, targeting Rs 2,350, a slight decrease of 0.5%. The high churn rate, leading to lower collections, is seen as a persistent challenge without an immediate solution.

Hyundai Motor India: Buy with a Target Price of Rs 2,194

Yes Securities initiates coverage with a 'buy' on Hyundai Motor India, targeting Rs 2,194, a potential 23% rise. Analysts highlight the automaker's strong parentage and evolving tech landscape, expected to shorten product development times and strengthen exports.

Swiggy: Overweight with a Target Price of Rs 730

JP Morgan initiates an 'overweight' on Swiggy, targeting Rs 730, a potential 25% increase. The food delivery major is expected to gain traction in both food delivery and quick commerce segments due to renewed focus and improved execution.

MTAR Technologies: Buy with a Target Price of Rs 2,100

Motilal Oswal Financial recommends a 'buy' on MTAR Technologies, targeting Rs 2,100, a potential 29% rise. The clean energy company is poised for strong growth in the near term, driven by a revival of orders from its large client and addition of new clients.