Hot Stocks: Brokerage view on Wipro, IndiGo, UNO Minda and GAIL
Domestic brokerage Kotak Institutional Equities has a buy rating on IndiGo with a target price of Rs 5,700. The probability of Indigo breaching margin peaks is increasing. Most challengers to IndiGo will see another year of stiff losses in FY2025.
such as maintained a buy rating on , recommended a buy, remained underweight on and has an underperform rating on .We have collated a list of recommendations from top brokerage firms from ETNow and other sources:
Nomura on UNO Minda: Buy | Target: Rs 1,063
Nomura maintained a buy rating on UNO Minda with a target price of Rs 1063. • New tie-up is significant and that should expand content per vehicle sharply by *150-200K vs ₹50-60K currently.
Total Addressable Market (TAM) is likely to expand multifold to Rs 250 billion by FY30F.
Kotak Institutional Equities on : Buy | Target: Rs 5700
Kotak Institutional Equities has a buy rating on IndiGo with a target price of Rs 5,700. The probability of Indigo breaching margin peaks is increasing.
Most challengers to IndiGo will see another year of stiff losses in FY2025. The domestic brokerage firm is of the view that it won't see a meaningful boost to aggregate supply over this period.
Kotak expects IndiGo to reflect the improvement in the sector's profitability more from FY2026.
Morgan Stanley on Wipro: Underweight | Target: Rs 421
Morgan Stanley maintained an underweight rating on with a target price of Rs 421.
Winning a mega-deal in an environment where discretionary spending remains weak should be construed positively.
The near-term growth could lag peers and until the growth gap narrows, the P/E multiple gap could remain wide.
Jefferies on oil & gas: GAIL,
Jefferies has an underperform rating on gas companies such as GAIL, Gujarat Gas, and .
The global investment bank is of the view that CNG companies would see limited benefits as the government is reviving talks to include NG under GST.
The inclusion could lower NG cost by US$ 0.8-0.9/mmbtu. GAIL could benefit from faster volume growth and improved LPG profitability.
GAIL's consolidated EBITDA could rise ~2% assuming. Gujarat Gas' competitiveness to propane would improve by 6%, aiding volumes or margin.
Jefferies recommended an underperform rating on GAIL, Gujarat Gas, and Petronet LNG with a target price of Rs 167, 460, and 240, respectively.
(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
Nomura maintained a buy rating on UNO Minda with a target price of Rs 1063. • New tie-up is significant and that should expand content per vehicle sharply by *150-200K vs ₹50-60K currently.
Total Addressable Market (TAM) is likely to expand multifold to Rs 250 billion by FY30F.
Kotak Institutional Equities on : Buy | Target: Rs 5700
Kotak Institutional Equities has a buy rating on IndiGo with a target price of Rs 5,700. The probability of Indigo breaching margin peaks is increasing.
Most challengers to IndiGo will see another year of stiff losses in FY2025. The domestic brokerage firm is of the view that it won't see a meaningful boost to aggregate supply over this period.
Kotak expects IndiGo to reflect the improvement in the sector's profitability more from FY2026.
Morgan Stanley on Wipro: Underweight | Target: Rs 421
Morgan Stanley maintained an underweight rating on with a target price of Rs 421.
Winning a mega-deal in an environment where discretionary spending remains weak should be construed positively.
The near-term growth could lag peers and until the growth gap narrows, the P/E multiple gap could remain wide.
Jefferies on oil & gas: GAIL,
Jefferies has an underperform rating on gas companies such as GAIL, Gujarat Gas, and .
The global investment bank is of the view that CNG companies would see limited benefits as the government is reviving talks to include NG under GST.
The inclusion could lower NG cost by US$ 0.8-0.9/mmbtu. GAIL could benefit from faster volume growth and improved LPG profitability.
GAIL's consolidated EBITDA could rise ~2% assuming. Gujarat Gas' competitiveness to propane would improve by 6%, aiding volumes or margin.
Jefferies recommended an underperform rating on GAIL, Gujarat Gas, and Petronet LNG with a target price of Rs 167, 460, and 240, respectively.
(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
