We have collated a list of recommendations from top brokerage firms from ETNow and other sources:
Citigroup on Polycab: Buy| Target Rs 7708
Citigroup maintained a buy rating on Polycab India but raised the target price to Rs 7708 from Rs 6276 earlier.
The company reported strong Q4 results, and the growth momentum remains intact. The Cable and Wire business growth has been strong.
However, FMEG business margin remains weak. The Q4 results suggest that the balance sheet and working capital remain healthy.
Jefferies on Eicher Motors: Buy| Target Rs 6000
Jefferies maintained a buy rating on Eicher Motors but raised the target price to Rs 6000 from Rs 4900 earlier.The March quarter results were good and were in-line with expectations. The 2W business is poised for strong growth.The Q4 results have improved the long-term market share outlook. Long-term investors can still look to buy.
Morgan Stanley on Tata Motors: Equal Weight| Target Rs 1100
Morgan Stanley downgraded Tata Motors to Equal Weight from Overweight earlier but raised the target price to Rs 1100 from Rs 1013 earlier post Q4 results.
JLR Q4 EBIT margin at 9.2%; guidance is for around 8.5% EBIT margin in FY25 and 10% in FY26.
Sharp EV pickup-led turnaround in FY25 would be a key upside risk to track.
Jefferies on Bank of Baroda: Buy| Target Rs 310
Jefferies upgraded Bank of Baroda to buy from underperform earlier but raised the target price to Rs 310 from Rs 88 earlier.
The banking stock reported a steady growth in loans and the topline was lifted by non-core lines in Q4.
Slippages were a tad higher but may normalise from here on. The return on asset (ROA) at +1% is better with fair valuation.
(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
