Stories
Brokerage Reports: HDFC Bank, Kotak, Coal India Bullish; Explosive Reports on 8 Stocks Including Maruti.
- •Morgan Stanley gives 'Overweight' rating on Coal India with target of Rs 480 due to better premium in September e-auction.
- •Morgan Stanley, Jefferies, and Citi are positive on HDFC Bank; new CEO appointment reduces uncertainty.
- •Kotak Mahindra Bank's new CEO Anup Kumar Saha approved by RBI; Jefferies gives 'Buy' rating.
- •Bajaj Finance to raise Rs 17,500 crore; Jefferies maintains 'Buy' rating and 'Top Pick' status.
- •Citi rates Hero MotoCorp 'Buy', Bajaj Auto 'Sell'; Ashok Leyland and Maruti Suzuki also receive 'Buy' ratings.
Key Questions Answered
Morgan Stanley has given an 'Overweight' rating on Coal India with a target price of Rs 480 per share. This optimism is driven by a better premium of about 94 percent received in September's online auction compared to roughly 59 percent in August.
The RBI has approved Anup Bagchi's appointment as the MD and CEO of HDFC Bank for a three-year term starting from October 27, 2026, succeeding Sashidhar Jagdishan. Brokerages like Morgan Stanley, Jefferies, and Citi view this leadership change positively to reduce uncertainty and shape strategic direction.
Bajaj Finance plans to raise Rs 17,500 crore, with Rs 5,800 crore coming from preferential warrants and Rs 11,700 crore through a Qualified Institutional Placement (QIP). Jefferies maintains a 'Buy' rating and 'Top Pick' status for the company, noting this capital will strengthen its business and book value.
