Hot Stocks: Brokerage view on Sunteck Realty, L&T, UltraTech Cement, HUL & ITC

June 6, 2023

Brokerage firms have maintained their stances on several stocks. Jefferies reiterated a buy rating for Sunteck Realty citing strong cash flow and a 25% growth guidance for FY24 as support. Credit Suisse retained an underperform stance on Container Corp, ABB India, and Voltas while being bullish on L&T, UltraTech Cement, and Cummins India. CLSA holds a positive view on HUL, ITC, and Dabur India but has maintained a sell rating on Britannia Industries and Nestle India citing high valuations. The global investment bank predicts a modest improvement in operating margins for FY24.

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