Jefferies downgraded its call on Zomato Ltd., citing increasing competition in the quick-commerce space. While, Citi's top pick in the property sector was the mall giant Phoenix Mills Ltd.
Emkay predicts non ferrous companies to see quarter-on-quarter earnings uptick on higher prices, and InCred maintained an 'add' on Shriram Finance Ltd.
NDTV Profit tracks what analysts are saying about various stocks and sectors. Here are the analyst calls to keep an eye out for on Tuesday:
Jefferies On Zomato
Downgraded to 'hold' with a target price of Rs 275, implying an upside potential of 1%.
Expects year of consolidation for Zomato.
Valuations not excessively expensive in context of strong execution.
Cut Blinkit Ebitda forecast sharply over the next two fiscals.
Blinkit expected to face profitability issues.
Cut target multiple by half for Blinkit to six times.
InCred Equities On Shriram Finance
Maintained 'add' with a target price of Rs 4,250 apiece, with an upside potential of 43%.
Well positioned to dodge the slowdown in vehicle finance versus peers.
Expects the declining interest rate scenario to be beneficial to SFL.
NIM to improve in fiscal 2026, led by strong AUM growth, falling interest rates and improving system liquidity.
Finds comfort in the asset quality trend improving in the non-vehicle loan book.
Valuing the stock at 2.6 times the BV for fiscal 2026, given the favourable risk-reward ratio.
Downside risks: Slower-than-expected growth and a spike in fresh loan slippage.
Citi On India Property
Expects higher property prices as risk to residential demand outlook.
Sees no changes in luxury and ultra-luxury segments with interest rate cuts.
Continued focus on buying land parcels could lead to rise in net debt levels.
Top pick: Phoenix Mills.
Citi On Sobha
Maintained 'sell', with a target price of Rs 1,450 versus Rs 1,460 per share earlier, implying a 6.2% downside.
Incorporating recent operational trends and rights issue.
Current valuations are factoring in lot, leaving little room for execution misses, the brokerage said.
Emkay On Metal And Mining Preview
Non ferrous companies to see quarter-on-quarter earnings uptick on higher prices.
Nalco to benefit from elevated alumina prices; Ebitda to rise 19.2% quarter-on-quarter.
Hindalco's India business to do well, but Novelis pain to be visible in numbers.
Vedanta expected to benefit from higher aluminum and zinc prices; offsetting higher bauxite/alumina cost.
Coal India may report improvement in profitability; expects Ebitda to rise 34% quarter-on-quarter.
Citi On Phoenix Mills
Maintained 'buy', with a revised target price of Rs 1,960 versus Rs 1,975 per share earlier, indicating a 24.4% upside potential.
Revision in target price considering recent operational trends.
Company remains levered to consumption growth in key malls.
Continues to execute well on pipeline of new malls across India.
Jefferies On Consumer Stables
Recent interaction indicates demand remained muted.
A low base with improvement in rural consumption should drive demand growth in fiscal 2026.
Rise in urban and key input costs to have an impact on companies.
Revenue growth to accelerate in recent quarter, the brokerage said.
Godrej Consumer Products Ltd., Dabur India Ltd. and Marico Ltd. are top three picks.
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