Business

Top Stock Picks for January 17: Brokerages Eye Swiggy, Zomato, and More for Big Gains

J P Morgan's Optimistic Outlook on Swiggy and Zomato

J P Morgan has reaffirmed its 'overweight' stance on Swiggy, setting a target price of Rs 730, which is a 51% increase, and on Zomato with a target price of Rs 340, marking a 40% rise. Analysts view the current share prices as prime entry points, highlighting the companies' strategic ramp-up of dark stores for quick commerce.

CLSA's Positive Call on HDFC Life

CLSA has issued an 'outperform' rating for HDFC Life, targeting a price of Rs 690, an 8% increase. Despite a growth slowdown in the third quarter, the life insurer's financial health remains robust, though weak market sentiment may linger.

HSBC's Buy Recommendation for L&T Technology Services

HSBC recommends a 'buy' for L&T Technology Services, with a target price of Rs 6,000, up 14%. The company showcased solid performance in the Oct-Dec quarter, despite slight downward revisions in FY25 guidance, and is recognized for its exceptional ER&D capabilities within the sector.

Morgan Stanley's Overweight Rating on Mahanagar Gas

Morgan Stanley has given Mahanagar Gas an 'overweight' rating, with a target price of Rs 1,606, indicating a 24% potential increase. Analysts are optimistic about the company's prospects, driven by increased miles traveled in Mumbai and a swift shift towards CNG-run vehicles.

JM Financial's Buy Rating on PVR Inox

JM Financial Institutional Securities has a 'buy' rating on PVR Inox, with a target price of Rs 1,600, a 48% increase. The recent stock underperformance is attributed to selling by arbitrage funds, presenting an attractive entry point. A strong movie lineup for 2025 and the absence of specific headwinds are expected to boost footfall.

Stocks on brokerages’ radar for January 17