Hindustan Aeronautics Ltd., Adani Power Ltd., Titan Co., Kotak Mahindra Bank Ltd., Tata Motors Ltd., Siemens Energy Ltd. were among the top companies on brokerages' radar on Tuesday.
Many of these companies released their first-quarter business performance that have been reviewed by analysts.
Siemens Energy's March quarter financial results received a thumbs-up from Jefferies, as it projects 50% EPS growth for the next three years.
NDTV Profit tracks what analysts are saying about various stocks and sectors. Here are the analyst calls to keep an eye out for today.
JPMorgan On Hindustan Aeronautics
Maintain 'Overweight' with a target price of Rs 6,105.
A strong order book provides visibility.
More clarity on future initiatives.
Progress on AMCA tender is key to watch for.
Long-term optionality as the aging fighter aircraft fleet gets upgraded.
Jefferies On Adani Power
Initiate 'Buy' with a target price of Rs 690.
Poised for strong capacity addition on a comfortable balance sheet.
See risk profile also reducing gradually as incremental capacity is being locked in with profitable Power Purchase Agreements (PPAs).
Close coordination with BHEL for equipment delivery and in-house project management is ensuring capex is on schedule.
Recent payments from Bangladesh also ease investor concerns on the same.
Brokerages On Titan Q1 Business Update
JPMorgan
Maintain 'Neutral' with a target price of Rs 3,350.
Jewellery shine fades in the first quarter.
Jewellery: Revenue growth moderation worse than feared.
Moderation in Like-for-Like (LTL) growth to early double digits and being lower than peers were disappointing.
Next catalyst could be the earnings print.
Margin delivery and management’s growth outlook amid an early festive period will be key to monitor.
Citi
Maintain 'Neutral' with a target price of Rs 3,800.
Studded mix continues to decline.
LFL growth was driven entirely by ticket size growth.
Margins key to sustain current valuations.
Morgan Stanley On Tata Motors
Maintain 'Equal-weight' with target price of Rs 715.
JLR Q1 volumes: Strong mix helps party offset weak volume and tariff headwinds.
Mix of high-margin models - Range Rover, Range Rover Sport, and Defender, improved to 77.2%.
Expect JLR to deliver Q1 Ebitda and EBIT margin of 11.4% and 5.9%.
Expect consolidated business margins to decline 350 bps YoY.
Brokerages On Kotak Mahindra Bank Q1 Update
Jefferies
Maintain 'Buy' with a target price of Rs 2,550.
Healthy loan growth; Deposit growth picks-up.
Healthy loan growth despite moderation of 200bps in system loan growth over the past few months.
Macquarie
Maintain 'Neutral' with a target price of Rs 2,300.
Better-than-expected performance on loan and deposit growth fronts.
Quarter-on-quarter (QoQ) CASA decline can be attributed to the Q1 seasonality.
What to focus on? - Net Interest Margin (NIM) compression and ability to manage credit costs.
Jefferies On Siemens Energy
Maintain 'Buy' with a target price of Rs 3,500.
Power Capex Play - Margin upside ahead.
India's largest power equipment player by market cap at $12 billion, compared to GE and Hitachi at $7-10 billion.
Offers solutions for power transmission, generation, and industrials from eight factories in India.
Expect Siemens Energy to see 50% EPS CAGR by 2027.
See robust power capex pipeline and operating leverage-linked margin accretion.
Morgan Stanley On Schloss Bangalore
Initiate 'Overweight' with a target price of Rs 549.
One of the limited ways to play the India luxury story.
Overweight rating driven by a higher-for-longer upcycle.
See strong demand for luxury experiences.
Has iconic assets with a low net debt position and attractive valuation.
Steady execution can drive re-rating but concentration risk is key to watch.
HSBC On Divi's Laboratories
Upgrade to 'Buy' from 'Reduce'; Hike target price to Rs 7,900 from Rs 5,020.
See a long runway of growth for Divi's led by tirzepatide, other peptides, and contrast media in the medium term.
For Divi's, we see revenue potential of $450 million from peptides and $260 million from contrast media by 2030.
Expect EPS CAGR of 23% till FY28.
Jefferies On Belrise Industries
Initiate 'Buy' with a target price of Rs 135.
Good growth and attractive valuations.
A leading two-wheeler metal component player.
Expect a healthy 12% revenue, 12% Ebitda and 18% EPS CAGR over the next three years.
Positive on rising 2W demand, industry premiumization, increasing content-per-vehicle, and expansion in 4Ws and exports.
Given the strong growth outlook, valuations are attractive.
Any simplification of group structure can further boost valuations.
Nomura On Macrotech Developers
Maintain 'Buy' with a target price of Rs 1,450.
Q1: In-line presales; robust new business development.
Further strengthened its launch pipeline for the current fiscal.
Remains on track to achieve the FY26 pre-sales guidance.
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