Stock Ideas: Prabhudas Lilladher has a buy call on Motherson Sumi, target price Rs 116
The company now focuses on diversification of revenue base to 3CX10 strategy (no customer, country and component would account for more than 10 per cent) versus current 3CX15 strategy.
Stock Ideas: Motilal Oswal has a buy call on HDFC, target price Rs 2,150
HDFC is well-placed in the current environment, with access to low cost of funds, a strong ALM position, comfortable leverage, and adequate provisioning on the balance sheet.
Stock Ideas: ICICI Securities has a buy call on Tata Steel, target price Rs 594
The brokerage said it would continue to highlight the irrelevance of earnings-based analysis in the sector.
Stock Ideas: Motilal Oswal has a buy call on ONGC, target price Rs 105
With lifting of the lockdowns across the world, crude demand is again seeing an uptick.
Stock Ideas: Motilal Oswal has a buy call on HDFC Bank, target price Rs 1,250
The brokerage estimates the loan book / PAT to grow at a CAGR of 16 per cent/9 per cent over FY20–22.
Stock Ideas: Motilal Oswal has a buy on Piramal Enterprises, target price Rs 1,600
The tough environment of the past 1-1.5 years has prompted PIEL to undertake various steps to protect its balance sheet by consolidating its loan book and reducing the share of large exposures.
Stock Ideas: Motilal Oswal has a buy call on SBI, target price Rs 280
The slippage ratio has moderated in the last few years and stands lower than even the ratios of many private banks.
Stock Ideas: ICICI Direct has a buy call on Ipca Labs, target price Rs 1,900
Going ahead, with firm growth tempo in domestic formulations and good prospects both for API exports and formulation exports, the brokerage expects further improvement in financial parameters.
Stock Ideas: Anand Rathi has a buy call on Dalmia Bharat, target price Rs 793
Hit by the lockdown in March, Dalmia’s Q4 revenue /EBITDA /PAT fell 12.6 per cent/21.7 per cent/88.6 per cent.
Stock Ideas: Motilal Oswal has a buy call on Tata Motors, target price Rs 122
The brokerage says China’s recovery is encouraging, with showroom leads higher over Apr–May by 11–14 per cent year on year.
Stock Ideas: ICICI Securities has a buy call on Dalmia Bharat, target price Rs 785
According to the brokerage, Dalmia Bharat’s Q4FY20 EBITDA declined 16 per cent year on year to Rs 5.1 billion (in line with consensus) owing to weak realisation.
Stock Ideas: Motilal Oswal has a buy call on TeamLease Services, target price Rs 2,600
The brokerage says the current situation should drive the conversion of certain otherwise strictly permanent roles to flexi roles.
Stock Ideas: Motilal Oswal has buy call on SBI, target price Rs 280
The brokerage has cut its estimates for FY21/FY22 by 17 per cent/16 per cent while building in a slight moderation in margins / fee income and higher credit cost and project RoA/RoE of 0.5 per cent/9.5 per cent by FY22.
Hold Asian Paints, target price Rs 1,625: Emkay Global
The brokerage says growth for VFM products is likely to remain strong and it will continue to drive higher growth in the low-end segment.
Stock Ideas: Motilal Oswal has a buy on Ashok Leyland, target price Rs 61
Ashok Leyland has launched its Modular Platform AVTR focused on BS6 M&HCVs (medium and heavy commercial vehicles in the 18.5–55 ton range), in turn becoming the first CV OEM in India to offer modularity in M&HCV.
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