Buy Larsen & Toubro, target price Rs 4,300: Motilal Oswal Financial Services
Motilal Oswal Financial Services has given a buy call on Larsen & Toubro with a target price of Rs 4,300. The company’s performance exceeded expectations due to strong order inflow and execution, leading to significant revenue and profit growth. L&T is also expanding into new sectors like semiconductors and nuclear technology.
Buy NTPC, target price Rs 450: Axis Securities
Axis Securities advises buying NTPC shares with a target price of Rs 450, while the current price is Rs 407. NTPC’s robust thermal assets provide cash flow visibility and the upcoming NGEL IPO could unlock its renewable energy business value. NTPC is considered a good portfolio choice due to stable dividend yield and potential for further growth.
Buy Adani Ports & SEZ, target price Rs 1,780: Motilal Oswal Financial Services
Motilal Oswal Financial Services recommends buying Adani Ports & SEZ, targeting a price of Rs 1,780. Adani Ports is a large cap company with strong cash flows and a market share increase. It is expected to drive a CAGR of 15% in revenue and EBITDA over FY24-27, maintaining a net debt-to-EBITDA ratio of 2x.
Buy Maruti Suzuki., target price Rs 14,300: HDFC Securities
HDFC Securities gave a buy recommendation on Maruti Suzuki India with a target of Rs 14,300. Maruti’s Q2FY25 Adjusted PAT surpassed expectations due to forex gains. Despite challenges in entry-level car demand, SUVs drive growth. The company remains a market leader in UVs. Promoters held 58.19% stake as of September 2024.
Buy Arvind SmartSpaces, target price Rs 1,085: Axis Securities
Axis Securities recommends buying Arvind SmartSpaces with a target price of Rs 1,085. Current price is Rs 923.15. The company, a smallcap in real estate, reported strong income growth and net profit in the latest quarter. It aims for 30-35% growth in pre-sales and plans geographical expansion. Promoter stake is 50.17%.
Buy Bharti Airtel, target price Rs 1,900: Motilal Oswal Financial Services
Motilal Oswal Financial Services recommends buying Bharti Airtel with a target price of Rs 1,900. The company’s consolidated total income increased for the quarter ended September 2024, with a reported net profit after tax of Rs 3079.50 crore. Bharti Airtel is expected to see growth driven by tariff hikes and steady performance in various business segments.
Buy Bharat Electronics, target price Rs 360: Motilal Oswal Financial Services
Motilal Oswal Financial Services recommends buying Bharat Electronics stock, targeting Rs 360. Bharat Electronics recently reported strong financials for the quarter, driven by a growing order book and revenue growth. The brokerage expects defense ordering to increase, benefiting Bharat Electronics, with revenue growth projected at 19% CAGR over FY24-27, maintaining a BUY rating.
Buy CIE Automotive India, target price Rs 600: Axis Securities
Axis Securities recommends buying CIE Automotive India Ltd. with a target price of Rs 600. The company, with a market cap of Rs 18507.19 crore, reported a net profit of Rs 193.36 crore for the latest quarter. Promoters hold 65.7% stake. The management expects to outperform the Indian industry in the medium term.
Buy Sun Pharma, target price Rs 2,280: Motilal Oswal Financial Services
Motilal Oswal Financial Services has recommended a buy on Sun Pharma with a target price of Rs 2,280, citing ongoing efforts in product addition, differentiated clinical development, and branded generics. Sun Pharma reported a 9.29% YoY increase in consolidated total income for Q2 2024 and a net profit of Rs 3030.67 crore. Promoters hold 54.48% stake.
Reduce HPCL, target price Rs 340: HDFC Securities
HDFC Securities has recommended a reduce call on Hindustan Petroleum Corporation Ltd. with a target price of Rs 340. The current market price is Rs 377.85. Key risks include lower auto-fuel marketing margins, reduced refining margins, and elevated debt levels due to high capital expenditure. Promoters hold 54.9%, FIIs 14.11%, and DIIs 21.56%.
Buy Bank of Baroda, target price Rs 310: Axis Securities
Axis Securities recommends buying Bank of Baroda shares with a target price of Rs 310, indicating potential growth. Currently priced at Rs 248.2, the bank has reported a significant increase in total income and net profit for the latest quarter. Promoters hold a majority stake, and the valuation suggests an upside.
Add Shriram Finance, target price Rs 3,275 : HDFC Securities
HDFC Securities recommends an add call for Shriram Finance with a target price of Rs 3275. The market price is Rs 3260. Shriram Finance reports a 5.07% increase in total income for the quarter ending 30-09-2024. Net profit is Rs 2149.89 crore. Steady loan growth and credit costs drove the results.
Buy DLF, target price Rs 988: Motilal Oswal Financial Services
Motilal Oswal Financial Services recommends buying DLF stock with a target price of Rs 988, up from the current Rs 825.25. DLF, a large-cap real estate company, reported a 26.07% income increase last quarter and a 47.71% increase from the same quarter last year. Promoters hold 74.08% stake in the company.
Buy Abbott India, target price Rs 31,420: Axis Securities
Axis Securities recommends buying Abbott India Ltd. with a target price of Rs 31,420. The pharmaceutical company reported a 24% rise in fourth-quarter profit, driven by strong sales despite pricing caps on certain medicines. Promoters hold a 74.99% stake, and a dividend of Rs 410 per share is declared for fiscal year 2024.
Buy ICICI Bank, target price Rs 1,370: HDFC Securities
HDFC Securities recommends buying ICICI Bank shares with a target price of Rs 1,370. ICICI Bank showed strong financial performance in the latest quarter and reported a net profit of Rs 12,947.77 crore. The bank growth was driven by business banking, SME, rural and credit card segments, with healthy deposit growth and maintained asset quality.
Buy Godrej Consumer Products, target price Rs 1,550: Motilal Oswal Financial Services
Motilal Oswal Financial Services recommends buying Godrej Consumer Products with a target price of Rs 1,550. The current market price is Rs 1280.8. Despite margin pressure and slow urban demand, the company’s robust growth strategy and focus on product innovation suggest strong future performance. Promoters hold 63 percent, while FIIs and DIIs own 22.03 percent and 9.59 percent, respectively.
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