Asian Paints Ltd., Hero MotoCorp, HDB Financial Services Ltd., and KPIT Technologies Ltd. were among the top companies on brokerages' radar on Wednesday.
Set to make its debut on Dalal Street, HDB Financial Services received a 'buy' call from Emkay as a company with the right ingredients, a clear idea, and an impressive execution.
Hero MotoCorp got divergent calls from Morgan Stanley and Citi following the launch of the Hero Vida VX2 bike and the release of June sales data.
NDTV Profit tracks what analysts are saying about various stocks and sectors. Here are the analyst calls to keep an eye out for today.
Emkay On HDB Financial Services
Initiated 'buy' with a target price of Rs 900.
Right ingredients, clear idea, and impressive execution.
Improving external setting complements internal strength to drive growth.
Sustained growth, improved profitability to drive re-rating.
To deliver 20% AUM and 27% EPS CAGR over three years.
Brokerages On Hero MotoCorp
Morgan Stanley
Maintained 'underweight' with a target price of Rs 3,765.
Vida VX2 – Impressive and Differentiated Launch.
Sees this as an interesting launch with BaaS as the key differentiation.
Customer response in key urban markets will be a key to track.
Citi
Maintained 'buy' with a target price of Rs 4,900.
Hero Vida VX2 launched.
Differentiated BaaS offering could drive volumes.
Pricing is lower than competitors.
Brokerages On Auto June Sales
Jefferies
TVS Motor, Eicher Moto and M&M outperformed again in June.
India's auto industry witnessed divergent growth trends in June.
Wholesales up 10% YoY for tractors and 3% for two-wheelers, but down 7-12% for PVs and trucks.
Eicher, M&M and TVS continue to outperform with 13-22% YoY growth.
Hyundai Motor India, Maruti and Tata Motors lagged with a 6-11% YoY fall in June wholesales.
Volumes were better for Hero MotoCorp but lower for Ashok Leyland, Bajaj Auto, Hyundai, Maruti Suzuki and Tata Motors.
Morgan Stanley
Channel de-stocking drove a mid-high-single-digit decline in PV wholesales while two-wheelers grew mid-single digits.
China's rare earth curbs are starting to weigh on EV production.
TVS Motor, Eicher Moto and M&M were key positive surprises while Bajaj Auto, Maruti Suzuki and Tata Motors were negative surprises.
Investec On Asian Paints
Maintained 'sell' with a target price of Rs 2,080.
The Competition Commission of India directed further investigation into anti-competitive conduct by Asian Paints.
If the final order is in favour of Grasim Industries, it could lower the entry barriers for challengers in the paints industry.
Goldman Sachs On KPIT Tech
Maintained 'neutral' and reduced target price to Rs 1,230 from Rs 1,280.
Expects a modest start to fiscal 2026 and growth to be better in the second half.
Auto ER&D spending and deal closures remain subdued in the ongoing uncertain tariff environment.
Do not see any major deal closures in the near term.
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