Hot Stocks: Brokerage view on Tata Motors, Titan, IndusInd Bank and GMR Airports
Jefferies bullish on GMR Airports, targets Rs 100; expansion at Delhi/Hyderabad Airports to boost growth. GIL and GAL merger nearing completion. Morgan Stanley neutral on Titan Company targets of Rs 3,526; management emphasizes long-term jewelry business strategy.
Global brokerage Jefferies has a buy rating on GMR Airports, while Morgan Stanley recommended an Equal Weight rating on , CLSA has an outperform rating on and Citigroup recommended a buy on .We have collated a list of recommendations from top brokerage firms from ETNow and other sources:
Jefferies on GMR Airports: Buy | Target: Rs 100
Jefferies maintained a buy rating on GMR Airports with a target price of Rs 100. GMR management met investors at JEF Indian Equities Access Day in New York.
The expansion at Delhi/Hyderabad Airports to aid traffic growth and non-Aero revenues. The merger of GIL and GAL is targeted to be completed in this quarter.
The company filed a new tariff application for a DIAL and may be implemented by 4QFY25. The management focus is on developing an airport platform strategy, consolidating the non-aero businesses, and reducing complexity. The focus is on managing leverage in FY25.
Morgan Stanley on Company: Equal Weight | Target: Rs 3,526
Morgan Stanley maintained an Equal Weight rating on Titan Company with a target price of Rs 3,526. The management reiterated the long-term opportunity and the strategy for the jewellery business.
The focus for the company remains on driving its market share from 8% currently. The company will be prioritizing investments to drive growth.
The management believes that there is a downward pressure on margins, and the Jewellery market is becoming more crowded with new players.
CLSA on Tata Motors: Outperform | Target: Rs 1,181
CLSA maintained an outperform rating on Tata Motors with a target price of Rs 1181. The management is confident of winning in the domestic segment.
The global investment bank sees sustainable share gain in PV with continued leadership in the EV space. The CV demand is expected to grow at 4-5% CAGR for the next few years.
Citigroup on IndusInd Bank: Buy | Target: Rs 2,010
Citigroup maintained a buy rating on IndusInd Bank with a target price of Rs 2010. The management reiterated confidence in growing loans by 18-20%.
Growth was led by a gradual rise in the retail segment supported by a balanced vehicle mix and scale-up of new businesses.
The global investment bank is seeing sustained traction in the MFI (microfinance) segment to drive growth.
The management expects deposits to gather pace; and estimates liability growth of 16-18%. Citi est 17% loan growth, steady NIM, 1.2% CREDIT cost, and over 1.8% ROA over FY25/26.
(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
Jefferies maintained a buy rating on GMR Airports with a target price of Rs 100. GMR management met investors at JEF Indian Equities Access Day in New York.
The expansion at Delhi/Hyderabad Airports to aid traffic growth and non-Aero revenues. The merger of GIL and GAL is targeted to be completed in this quarter.
The company filed a new tariff application for a DIAL and may be implemented by 4QFY25. The management focus is on developing an airport platform strategy, consolidating the non-aero businesses, and reducing complexity. The focus is on managing leverage in FY25.
Morgan Stanley on Company: Equal Weight | Target: Rs 3,526
Morgan Stanley maintained an Equal Weight rating on Titan Company with a target price of Rs 3,526. The management reiterated the long-term opportunity and the strategy for the jewellery business.
The focus for the company remains on driving its market share from 8% currently. The company will be prioritizing investments to drive growth.
The management believes that there is a downward pressure on margins, and the Jewellery market is becoming more crowded with new players.
CLSA on Tata Motors: Outperform | Target: Rs 1,181
CLSA maintained an outperform rating on Tata Motors with a target price of Rs 1181. The management is confident of winning in the domestic segment.
The global investment bank sees sustainable share gain in PV with continued leadership in the EV space. The CV demand is expected to grow at 4-5% CAGR for the next few years.
Citigroup on IndusInd Bank: Buy | Target: Rs 2,010
Citigroup maintained a buy rating on IndusInd Bank with a target price of Rs 2010. The management reiterated confidence in growing loans by 18-20%.
Growth was led by a gradual rise in the retail segment supported by a balanced vehicle mix and scale-up of new businesses.
The global investment bank is seeing sustained traction in the MFI (microfinance) segment to drive growth.
The management expects deposits to gather pace; and estimates liability growth of 16-18%. Citi est 17% loan growth, steady NIM, 1.2% CREDIT cost, and over 1.8% ROA over FY25/26.
(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
Source: Stocks-Markets-Economic Times
