Godrej Consumer Products Ltd., Lloyds Metals & Energy Ltd., Reliance Industries Ltd. and Samvardhana Motherson are the top stocks on brokerages' radar.
Impacted by an increase in soap prices and unseasonal rainfall slowing down sales of the home insecticides segment, Godrej Consumer expects a “flattish” underlying volume growth. Motilal Oswal sees 20% upside for Reliance Industries.
NDTV Profit tracks what the brokerages are putting out on stocks and sectors. Here are all the top calls from analysts you need to know about on Monday.
Impacted by an increase in soap prices and unseasonal rainfall slowing down sales of the home insecticides segment, Godrej Consumer expects a “flattish” underlying volume growth. Motilal Oswal sees 20% upside for Reliance Industries.
NDTV Profit tracks what the brokerages are putting out on stocks and sectors. Here are all the top calls from analysts you need to know about on Monday.
Citi On Godrej Consumer
The brokerage has a 'buy' on the company with a target price of Rs 1,550 per share, an upside of 25%.
Believes that the long-term structural growth drivers remain intact.
Continued growth momentum in new categories in India.
Business simplification in international markets.
Soap to see mid to high single digit volume decline.
Household insecticides likely to see low-single digit volume decline.
Overall standalone business is likely to report flat volume growth in the third quarter.
Overall standalone business is likely to see mid-single digit revenue growth in third quarter.
Emkay On Godrej Consumer
The brokerage downgraded it to 'reduce' from 'add' with a target price of Rs 1,225 per share.
Cuts earnings by 4-7% to factor in demand as well as inflationary stress.
Sees low-single digit consolidated revenue growth.
Sees low-double-digit decline in Ebitda.
Sees inflationary palm oil to have a bearing on margin delivery.
On a high base of 29.7%, expect 23% margin.
InCred Equities On Lloyds Metals & Energy
The brokerage initiated coverage with an 'add' rating and a target price of Rs 1,476 per share, a 40.4% upside from the previous close.
Iron ore riches hit by flawed policies and unviable bidding practices.
India to face iron ore deficit despite operating at full capacity.
Lloyds Metals direct beneficiary of rising iron ore prices.
Mine extension till 2055, forward integration plans to drive earnings per share CAGR.
Downside risks include volatile iron ore and steel prices.
Morgan Stanley On Samvardhana Motherson
The brokerage maintained 'overweight' with a target price of Rs 193 per share, an upside of 16% from the previous close.
Announced acquisition of Atsumitec Co in Japan.
Acquisition done at $57 million with SAMIL owning 95%.
Atsumitec had revenues of $412 million in fiscal 2024 (3-3.5% of SAMIL).
Atsumitec core capability is primarily manufacturing chassis and transmission components.
Acquisition will help expand business with Japanese original equipment manufacturers.
Motilal Oswal On Tata Power
Motilal Oswal maintained 'buy' at a target of Rs 509 per share, a 16% upside from the previous close.
Company raised fiscal 2026-27 capex to Rs 25,000-26,000 crore per annum.
Management gives details about the project, capacity levels, which enhances visibility.
Company highlights hydro potential in Bhutan of up to 15 gigawatts.
Company to ramp up solar cell & module manufacturing facility to 4 gigawatts by fiscal 2026.
Motilal Oswal On Reliance Industries
Motilal Oswal maintained a 'buy' on Reliance Industries at Rs 1,580 target price, implying a 20% upside from the previous close.
Risk reward compelling as stock trades close to bear case valuation.
Believes the company's capex has likely peaked.
Expects Reliance to generate Rs 1 lakh crore free cash flow over fiscal 2024-27.
Earnings outlook remains robust; growth to be driven by Jio.
Expected consolidated Ebitda and net profit CAGR of 10% over fiscal 2024-27
Key medium-term triggers include separate listing of Jio, Retail and new energy factory commissioning.
Emkay On Ceat
The brokerage maintained 'buy' on Ceat at Rs 3,650 per share target, 18% upside from the previous close.
The acquisition enhances company's off-highway tyre segment.
Deal to nearly double OHT revenue; 15% addition to overall topline.
Acquisition complements organic efforts undertaken by company thus far.
Transaction could result in 6% earnings per share accretion for co in fiscal 2026.
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