Business

Top Stock Picks for January 1: Broker Recommendations Unveiled

Nomura's Optimistic Outlook on JSW Energy

Nomura reaffirms its 'buy' stance on JSW Energy following the company's announcement of acquiring O2 Power for Rs 12,680 crore. Analysts project a target price of Rs 885, indicating a potential 38% increase.

Emkay Global's Cautionary Stance on L&T Finance

Emkay Global Finance advises a 'reduce' position on L&T Finance, setting a target price of Rs 150, which suggests an 11% upside. The recommendation comes amidst ongoing challenges in the microfinance sector, urging investors to tread carefully.

Prabhudas Lilladher's Neutral View on KEC International

Prabhudas Lilladher maintains a 'hold' recommendation on KEC International, with a target price of Rs 997, reflecting a 17% downside. This follows the company's announcement of transferring its cables business to KEC Asian Cables.

Stock recommendations by brokers for January 1

Disclaimer: The opinions, analyses, and recommendations expressed herein are those of brokerages and do not reflect the views of The Times of India. Always consult with a qualified investment advisor or financial planner before making any investment decisions.