Stocks of several companies, including GAIL, PNB, Axis Bank, Supreme Industries, and JSW Infra, will be in focus today, December 4 (Wednesday). Meanwhile, two different brokerage firms have recommended buying three stocks: GAIL, JSW Infra, and Supreme Industries. Throughout this article, we will discuss which of these stocks could be fruitful for the common man.
Jefferies has maintained a BUY rating on Supreme Industries with a target price of Rs 6450. The brokerage firm highlighted that the management expects a volume recovery of over 20% in H2FY25. They consider Supreme Industries a strong player in plumbing, agri, and infrastructure. Additionally, the company’s pipe capacity is set to grow over 13% YoY, reaching 835k metric tonnes by March 2025.
Jefferies has maintained a BUY rating on GAIL with a target price of Rs 235, down from the previous target of Rs 240. The brokerage firm believes GAIL will gain a share in transmission due to the commissioning of two key pipelines in FY26. They forecast a 9% EBITDA CAGR during FY24-27.
Investec has a BUY rating on JSW Infra with a target price of Rs 370. The brokerage firm expects the company to deliver over 20% revenue/EBITDA CAGR between FY24-30. They see significant potential for new concessions given the Government of India’s aggressive port privatisation target, management’s opportunistic outlook, and a strong balance sheet.
Investors are advised to buy Snowman Logistics shares at ₹75.80. The target prices for this stock are set at ₹79.50, ₹82, ₹85, and ₹88. To manage risks, a stop-loss has been suggested at ₹71.80.
For Lloyds Engineering Works, the recommended buying price is ₹77.45. The target prices for this stock are ₹80, ₹83, ₹85, and ₹88. A stop-loss has been advised at ₹72.80 to minimize potential losses.
1. Suzlon Energy
2. Ola Electric
3. Dhani Services
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