Stocks on broker’s radar: Today, business in the market appeared to be in boom. After a continuous bullish move last week, the market was seen in the market on the first day of the business week today. Capital goods, realty and shopping were also seen in the market today. However, there was also pressure in IT and auto share. But oil and gas shares were seen running the most. The Nifty Energy Index has strengthened around 2 percent. After a positive report on gas companies, the investors on these stocks saw increasing confidence in these stocks. Along with this, Nuwama has given different ratings on stocks of different companies in its report on AMC companies while City has given the opinion of shopping on ICICI Bank.
In its report released on gas companies, CLSA said that Petronet’s gas transmission tariff rules are proposed to change the rules. The rules of gas transmission tariff are expected to change by June 2025. He says that the new rule may reduce the operating expenses of IGL and MGL. More crown avenues for GSPL and GAIL will also open. On the other hand, the cost of companies using gas will increase.
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Nuwama said on AMC companies that it is possible to decline in Equity AUM of AMCS after correction in the equity index. The performance of HDFCAMC and Utiam has appeared in the last one year. NAM’s performance has seen a slight decline in the last one year. NAM has reduced dependence on its flagship smallcap scheme. Net inflow and MTM estimates for FY26/27 have reduced.
Nuwama said that HDFC AMC has given the opinion of shopping. Its target has been fixed at Rs 4610. Brokerage on Cams has given hold ratings. He has set a target of Rs 3970. At the same time, Nuwama has set a target of Rs 680 by giving the opinion of shopping on Nippon Life.
City has given the opinion of shopping on the stock of ICICI Bank. Its target has been fixed at Rs 1600 per share. Brokerage says NIM improves in Q4. He said that 20-25 BPS effect on FY26 NIM from 50 BPS rate cut is possible. Its unsecured loan stress is having stability. Recovery in corporate loans is possible to improve credit costs. Credit cost can be normal gradually after FY26. The unsecured loan segment is expected to improve gradually. According to brokerage, there is no challenge of deposit mobilization. Investments in franchisees with promotion and marketing continue.
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