Hot Stocks: Brokerages view on UltraTech Cement, KPIT Tech and MCX

July 3, 2023

Goldman Sachs has given a ‘Buy’ rating for UltraTech Cement and KPIT Technologies, with target prices of Rs 8,720 and Rs 1,200, respectively. The brokerage firm expects strong volume growth for UltraTech Cement and sees market share gains for the company. For KPIT Technologies, Goldman Sachs anticipates growth in revenue due to exposure to the growing electric vehicle and driverless car market. On the other hand, Morgan Stanley has an ‘Underweight’ stance on MCX and a price target of Rs 1,125, citing the average daily traded value as a key driver of the company’s profits and share price.

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