Recos
Equal Weight on HDFC Bank, target price Rs 2,000: Axis Securities
Axis Securities has an equal weight rating on HDFC Bank with a target price of Rs 2,000. HDFC Bank’s recent financials reflect a slight decline in total income, yet the bank maintains a solid net profit. Key drivers include improving NIMs, controlled costs, and strong asset quality. Risks involve potential slowdown in credit momentum and deposit mobilization challenges.
Emkay reiterates Buy on Vedanta, keeps target price unchanged at Rs 575
Emkay recommends buying Vedanta, targeting Rs 575 within a year, up from Rs 435.95. Vedanta, a large cap firm in the diversified sector, reported Q3 income up by 2.21% QoQ and 9.57% YoY, with a net profit of Rs 4876 crore. Hindustan Zinc, contributing 40% to EBITDA, aims to double its capacity by 2030.
JM Financial upgrades Aster DM Healthcare to Buy, raises target price to Rs 532
JM Financial has upgraded Aster DM Healthcare to a BUY rating with a revised target price of Rs 532. The brokerage highlights Aster's valuation gap compared to peers and expects synergies from the Aster-QCIL merger to drive revenue growth. They anticipate a significant improvement in EBITDA and RoIC, projecting a 34% upside for the stock.
Axis Securities Equal Weight on Varun Beverages, target price Rs 600
Axis Securities has an equal weight recommendation on Varun Beverages with a target price of Rs 600. The company, reporting strong growth, is expanding its snacks portfolio, distribution network, and enhancing manufacturing capacities. With strategic initiatives in South Africa, DRC, Zimbabwe, and Zambia, revenue and profitability are expected to surge significantly over the next few years.
Accumulate Gujarat Mineral Development Corporation, target price Rs 315: Anand Rathi
Anand Rathi recommends accumulating Gujarat Mineral Development Corporation (GMDC) stock, with a target price of Rs 315 in the next 6 months. The stock is trading at Rs 256.05. GMDC's positive financial performance shows a significant increase in total income and net profit. Investors should consider buying in the Rs 240-250 range with a stop-loss at Rs 210.
I-Sec upgrades City Union Bank to Buy, target price Rs 200: ICICI Securities
ICICI Securities has upgraded City Union Bank to a BUY with a target price of Rs 200. The bank reported a 2.82% increase in standalone total income for the quarter ending December 2024. Upgrades are based on healthy Q3FY25 numbers and positive growth outlook. The stock currently trades at its lowest valuation in the last three years.
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Overweight on State Bank of India, target price Rs 1,025: Axis Securities
Axis Securities has issued an overweight call on State Bank of India, setting a target price of Rs 1025 with the current market price at Rs 721.75. SBI reported a consolidated total income of Rs 167853.57 crore for the quarter ended 31-12-2024 and a net profit of Rs 18853.16 crore.
Buy HDFC Life, target price Rs 800: Motilal Oswal Financial Services
Motilal Oswal Financial Services recommends buying HDFC Life Insurance with a target price of Rs 800. HDFC Life reported a significant drop in income for the latest quarter but plans to sustain a balanced product portfolio and expand its market presence. The company expects minimal impact from regulatory changes and aims for stable margins.
Buy Coal India, target price Rs 440: ICICI Securities
ICICI Securities recommends buying Coal India with a target price of Rs 440, despite concerns over soft volume growth. The company's recent financial performance shows a consolidated total income of Rs 37,922.98 crore and a net profit of Rs 8,420.23 crore for the quarter ended December 2024. Promoters held a 63.13% stake as of December 2024.
Overweight on ICICI Bank, target price Rs 1,500: Axis Securities
Axis Securities has given an overweight recommendation on ICICI Bank with a target price of Rs 1500, citing its robust business growth, strong asset quality metrics, and stable operational ratios. The bank reported significant increases in total income and net profit for the latest quarter. However, potential risks include a possible slowdown in credit growth.
Buy EPL, target price Rs 270: Motilal Oswal Financial Services
Motilal Oswal Financial Services has issued a buy recommendation for EPL with a target price of Rs 270, citing expected healthy sales growth and margin expansion. As of Q3 2024, EPL reported a consolidated total income of Rs 1027 crore and a net profit after tax of Rs 94.20 crore.
Buy ACC, target price Rs 2,250: JM Financial
JM Financial has issued a buy call on ACC with a target price of Rs 2250, against the current market price of Rs 1832.95. ACC, a leading Large Cap company in the Cement sector, reported significant quarterly growth with a consolidated total income of Rs 6575.62 crore and a net profit of Rs 1091.47 crore for the quarter ended 31-12-2024.
Buy UltraTech Cement, target price Rs 13,700: Motilal Oswal Financial Services
Motilal Oswal Financial Services recommends buying UltraTech Cement with a target price of Rs 13,700, projecting a 32% CAGR in PAT from FY25-27. With anticipated growth driven by demand recovery, government spending, and real estate growth, the company is set to benefit. Current market price is Rs 10,366.8 with promoters holding a significant stake.
Buy Sai Silks (Kalamandir), target price Rs 270: HDFC Securities
HDFC Securities recommends buying Sai Silks (Kalamandir) with a target price of Rs 270, while the current market price is Rs 128.55. This Mid Cap company, operating in the Apparels sector, reported a total income of Rs 454.20 crore and a net profit of Rs 46.02 crore for the latest quarter. Promoters hold a 60.8% stake.
I-Sec maintains Buy on PTC Industries, keeps target price unchanged at Rs 20,070
ICICI Securities has issued a buy call on PTC Industries, targeting a price of Rs 20,070. With a market price of Rs 10,280, PTC's revenue is projected to grow significantly due to capacity ramp-up and strategic acquisitions. The stock is currently trading at relatively inexpensive levels with promising earnings growth.
Buy Crompton Greaves Consumer Electricals, target price Rs 440: ICICI Securities
ICICI Securities recommends buying Crompton Greaves Consumer Electricals with a target price of Rs 440. The current market price is Rs 318.7. Despite a slight dip in quarterly income, the company has shown year-on-year growth, and ICICI models strong revenue and profit growth for the future. Key management comprises experienced figures like Mr. D Sundaram and Mr. Shantanu Khosla.
