Punjab National Bank, Indusind Bank, Bharat Forge And More: Monday’s Best Brokerage Calls | Popgen Tech

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SUMMARY

JPMorgan has an overweight call on PNB while Jefferies has given a buy rating to IndusInd Bank. Check out the top stocks on the brokerage’s radar on December 12

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JPMorgan gives overweight call on PNB, says upgrade follows Q2 disclosure of co. Net slippages entered negative territory

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Jefferies gives buy rating on IndusInd Bank, says ready for next round of re-rating. Expect loan growth to improve to over 20% by FY24

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Morgan Stanely gives overweight call on Bharat Forge, says key focus on new biz avenues like defense, aerospace, EVs. Co expects to strengthen its core portfolio while expanding into new business segments

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Morgan Stanley gives an equal weight call to AB Capital, saying it takes a breather after a recent strong run. Profitability in businesses has been improving and has gained recognition from investors

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Nomura gives a buy call on Honeywell Auto, says execution and margin to pick up as services/exports recover. Expect a turnaround in H2FY23 that will continue into FY24



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