Stock recommendations by brokers for January 2 – Times of India

Motilal Oswal Financial Services has given a ‘buy’ recommendation on Metro Brands with a target price of Rs 1,460 (+18%). Analysts believe the company, one of the leading players in the sports and athleisure segment, has a strong runway for growth, funded through internal accruals, and superior execution and store economics.
HSBC has a ‘reduce’ recommendation on Tata Chemicals with a target price of Rs 820 (-21%). Analysts believe imposition of minimum import price to benefit the company in a limited way. On top of that industry demand outlook remains muted amid oversupply risk.
Nuvama maintained its ‘reduce’ recommendation on Ashoka Buildcon with a target price of Rs 294 (-4%) mainly on the back of rich valuations of the stock.
Equirus has a bullish view on Transport Corp with a ‘long’ recommendation and a target price of Rs 1,395 (+20%).
Disclaimer: The opinions, analyses and recommendations expressed herein are those of brokerages and do not reflect the views of The Times of India. Always consult with a qualified investment advisor or financial planner before making any investment decisions.