Hot Stocks: Brokerage view on JSW Steel, Eicher Motors, SBI, Sun Pharma and Nykaa

Morgan Stanley has maintained an overweight rating on JSW Steel, SBI, Sun Pharma, and Nykaa, while initiating an equal-weight rating on Eicher Motors. The brokerage expects JSW Steel to reach a target price of Rs 580, with a reaffirmed volume guidance of 24.2mt, and sees a steady loan growth of 12-14% for SBI in FY24. Morgan Stanley also expects Sun Pharma to record a high single-digit growth for FY24, with a target price of Rs 1170, and sees Nykaa adding 50 new stores in FY24, with higher gross margins in the fashion segment.

Generated by Feedzy