Brokerage Views: Citi On TVS Motor, Nuvama On JTL Industries And More

Brokerages, including Citi Research, have TVS Motor Co. on their radar after it reported an uptick in its net profit in the June quarter of the current financial year in line with analysts' estimates. Nuvama Institutional Equities also initiated coverage on JTL Industries Ltd after it had reported its highest-ever quarterly sales export volume last month.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 Wednesday..Maintains a 'sell' rating on the stock and raises the target price to Rs 1,600 apiece from Rs 1,550 earlier, implying a potential downside of 35% from the previous close.Results marginally above estimates.Better gross margin was offset by higher selling, general and administrative expenses and employee costs.Outlook remains positive on domestic industry demand with 10% volume growth for FY25.New models expected to aid volumes.Cost reduction, pricing and mix should support margins.Competition in electronic vehicles is escalating further; could result in an adverse pricing environment.Valuations stay elevated; continue to value at 29 times the FY25 price to earnings ratio..Stocks To Watch: Apollo Tyres, Coromandel, Lupin, Hindalco, Welspun, Tata Power.Retains a 'buy' rating on the stock and raises target price to Rs 3,000 apiece from Rs 2,525 earlier, implying a potential upside of 20% from the previous close.Should be a key beneficiary of two-wheeler demand revival in domestic and export markets.Improving franchise should drive continuous margin expansion.Three upcoming product launches in the second half of the year.Norton bike launches are expected at the end of CY25.Expects earnings per share to more than double between FY24 and FY27..Trade Setup Aug. 7: Nifty Below 23,900 May Trigger Next Leg Of Downfall.Downgrades to an 'add' rating on the stock and raises target price to Rs 2,600 apiece from Rs 2,250 earlier, implying a potential upside of 4% from the previous close.Recent stock price run-up leaving limited upsideExpects the company to continue outperforming the two-wheeler industry.Seeing acceleration in recovery along with improving margins.Company expects domestic two wheelers to clock 10% growth this year, led by the rural sector.Expects TVS Motor to sustain improvements in growth categories of premium motorcycles, scooters and exports.Upgrades FY26E EPS by 6% and build-in 14/27% revenue/EPS compound annual growth rate in FY24–27E..Retains a 'buy' rating on the stock and raises target price to Rs 2,870 apiece from Rs 2,840 earlier, implying a potential upside of 16% from the previous close.Growth in earnings before interest, taxes, depreciation, and amortisation owing to a better gross margin.In subsequent quarters, the company should accrue production-linked incentive-scheme benefits. Sees strong growth on market-share gains in domestic and overseas markets and aggressive focus on EVs.Factoring in better net pricing and PLI benefits, increases FY25–27E Ebitda by 1–3%.Company to outpace peers; build in FY24–27 domestic and export two-wheeler volume CAGR by 7% and 12%. Revenue/EPS CAGR shall be 11%/21% over FY24–27E..Initiates coverage with a 'buy' rating on the stock and a target price of Rs 303 apiece, implying a potential upside of 49% from the previous close. Fastest-growing steel tube manufacturer in India. Enhanced capacity, with volume and margin expansion. Expects profit to compound at 38% over FY24–27. Values company at 25x Q1FY27E EPS..Stock Market Today: Nifty, Sensex Rebound After Three-Day Slump As HDFC Bank Lead.Downgrades to 'underweight' but raises target price to Rs 550 apiece from earlier Rs 650, implying a potential downside of 16% from the previous close.Weak June quarter fiscal 2025 results with margin normalisation. Interest rate cuts could further hurt margins.Cut fiscal 2026 earnings per share estimates by 9% and fiscal 2027 by 12%. Values company at 0.7 trimes September 2026 Price-to-Book-Value

Brokerage Views: Citi On TVS Motor, Nuvama On JTL Industries And More

Here are all the top calls from analysts you need to know about on Wednesday.

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