Business

Top Broker Recommendations for January 14: Stocks to Watch for Impressive Gains

Hyundai Motor India: A Promising Future

CLSA has initiated coverage on Hyundai Motor India with an 'outperform' rating and a target price of Rs 2,155, indicating a potential 22% increase. Analysts are optimistic about the company's aspirational yet affordable car models in India. Despite a current phase of low growth and high utilization, the new plant in Talegaon is expected to halt the market share loss.

Avenue Supermarts (DMart): Exceeding Expectations

Bernstein recommends an 'outperform' for Avenue Supermarts with a target price of Rs 5,800, suggesting a 65% upside. The retail giant has surpassed expectations with its positive quarterly results, and analysts anticipate a modest improvement in same-store sales growth over the next few quarters.

Divis Laboratories: A Buy for Growth

CITI has a 'buy' recommendation on Divis Laboratories, setting a target price of Rs 6,850, which implies a 20% increase. A recent US court ruling has alleviated concerns over the stock, and despite flat third-quarter revenue projections, margins are expected to expand.

Aditya Birla Capital: Upgraded to Overweight

Morgan Stanley has upgraded Aditya Birla Capital to 'overweight' with a target price of Rs 247, reflecting a 45% potential increase. The company's strong funding access and consistent asset quality management are key factors in this optimistic outlook.

Vishal Mega Mart: A Mass Market Leader

Elara Securities has started coverage on Vishal Mega Mart with a 'buy' rating and a target price of Rs 140, indicating a 35% upside. Described as a 'mass market maven', the company's efficient management and operational excellence position it well for aggressive expansion, rivaling market leaders like DMart and Trent.

Stock recommendations by brokers for January 14

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.