Hot Stocks: Brokerage view on Indigo, ACC, Ambuja Cements, Cyient and Ramkrishna Forging

May 3, 2023

Credit Suisse has given an outperform rating for InterGlobe Aviation, with a target of Rs 2450, based on “GoFirst filing for bankruptcy can benefit Indigo in many ways”. On the other hand, JPMorgan maintains a neutral rating on ACC and Ambuja Cements and reduces the target prices. It sees the large capacity addition guidance as a positive indicator. Emkay has suggested to buy Ramkrishna Forging with a target of Rs 390 due to a high focus on balance sheet deleveraging. Cyient was given an accumulate rating with a target price of Rs 1360.

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