Business

Expert Broker Recommendations for Metro Brands and Other Stocks on January 2

Metro Brands: A Strong Buy According to Motilal Oswal

Motilal Oswal Financial Services has issued a 'buy' recommendation for Metro Brands, setting a target price of Rs 1,460, which suggests an 18% upside. Analysts highlight the company's leading position in the sports and athleisure segment, strong growth prospects funded by internal accruals, and superior execution and store economics as key factors.

HSBC Advises Reducing Tata Chemicals Holdings

HSBC recommends a 'reduce' stance on Tata Chemicals, with a target price of Rs 820, indicating a 21% downside. The brokerage believes the imposition of minimum import prices will offer limited benefits, with a muted industry demand outlook due to oversupply risks.

Nuvama Maintains Reduce on Ashoka Buildcon

Nuvama continues its 'reduce' recommendation on Ashoka Buildcon, with a target price of Rs 294, reflecting a 4% downside, primarily due to the stock's rich valuations.

Equirus Bullish on Transport Corp

Equirus holds a bullish view on Transport Corp, recommending a 'long' position with a target price of Rs 1,395, suggesting a 20% upside.

Stock recommendations by brokers for January 2

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.