Hot Stocks: Brokerage view on Indigo, TVS Motor, Infosys and Tata Motors
Credit Suisse reiterated the outperform rating for InterGlobe Aviation, setting its target price at Rs 2,700 due to short supply of airplanes. Meanwhile, Macquarie initiated an outperform rating on TVS Motor, setting its target price at Rs 1,418, citing positive fundraising and cap for future TVS CS' capital requirement. Sharekhan and ICICI Securities both maintained a buy rating, with Sharekhan setting its target price for Tata Motors at Rs 633 and ICICI Securities setting its target price at Rs 1,267, but also noting that Infosys’ Q1FY24 result is expected to be weak.
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