Stocks on brokerages’ radar for December 11

JM Financial has a dozen stocks on its list with estimated returns as high as 49%. In its ‘Top 12 bottom-up stocks for 2025’, Bhel with a price target of Rs 371, could rally as much as 49% from current levels. From among the list, Maruti could rise 35%, Zee Entertainment 41% and Axis Bank 22.5%.

Foreign brokerage major CLSA is bullish on recently listed app-based food delivery major Swiggy. It has put a 12-month price target of Rs 708, a 32% jump from the current price. Swiggy is expected to ride the quick commerce boom comfortably.

Despite the recent headwinds, Elara Securities is bullish on Godrej Consumer Products with a price target of Rs 1,330. Although the company is facing some near-term pain, the long term story is intact, the brokerage house said.

ICICI Securities is bullish on BSE with a price target of Rs 5,743. Although bourses have recently seen their trading volumes and hence revenues dip due to regulatory changes relating to stricter derivatives trading rules, I-Sec feels the long-term structural story for BSE remains a bankable view.

Domestic broking major Motilal Oswal Financial Services has come out with a thematic report on Indian financial services space. MOFSL is bullish on, among others, HDFC AMC (Target price: Rs 5,200; +19%), Nippon AMC (TP: Rs 900; +25%), Angel One (TP: Rs 4,200; +28%), BSE (TP: 6,500; +20%), 360 One WAM (TP: Rs 1,350; +21%) and Nuvama Wealth (TP: 8,800; +25%).

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.

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