Brokerage Views: Tata Power, L&T Q2 Results In Focus, Citi On India Strategy And More

This Thursday morning, brokerages are focusing on a range of key companies following their recent earnings reports. Nuvama continues to express caution on Tata Power despite its growth in the renewable segment, while Citi has made strategic adjustments to its large-cap and mid-cap picks, favouring IndiGo and JK Cement. Nomura remains bullish on Kaynes Technologies and L&T, highlighting significant growth prospects, while also adjusting its outlook on Five Star Business Finance amid slight concerns about asset quality. 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 Thursday. .Stock Market Today: Nifty Ends Lower But Snaps Four-Week Fall.Maintain a 'reduce' rating, with target price unchanged at Rs 356, implying a downside of 14%. September quarter earnings in line, driven by growth in transmission and renewable segments. Appreciate Tata Power's renewable transition but see risks outweighing rewards. Company targets doubling financial year 2023 net profit to Rs 65,000–70,000 crore by financial year 2027; delays could hamper this target. Current valuations factor in more than bull case; profit growth visibility expected with renewable earnings by financial year 2028..Diwali Muhurat Stock Picks 2024: BEL To BHEL Among PL Capital's Top Stocks To Buy This Samvat 2081.Add IndiGo to large-cap picks based on favourable competitive structure. Replace ACC with JK Cement in mid-cap picks on better risk-reward. Remove RBL Bank from mid-cap picks following September quarter results. Key Overweight Sectors: Financials, Telecom, Pharma. Key Underweight Sectors: Consumer Discretionary, IT, Metals..Defensive Play StocksLarge Banks: ICICI, HDFC Telecom: Airtel, Indus Towers Pharma & IT Services.Top 5 Large-Cap PicksICICI, SBI Life, IndiGo, Airtel, Sun Pharma..Maintain 'buy' and raise target price to Rs 6,516 from Rs 5,969, indicating a 23% upside.Growth tailwinds in smart metres, railways, and EVs; OSAT & PCB segments as long-term catalysts. Management maintains a Rs 3,000-crore revenue target for financial year 2025 with 15% margins. Kavach Systems presents a Rs 15,000-crore opportunity, targeting a 15% market share. Kaynes seen as a key beneficiary of demand tailwinds in multiple sectors; project 56% revenue and 59% EPS CAGR over financial years 2024–27..For Ather Energy, Rizta Comes As Shot In The Arm Ahead Of IPO.Maintain 'buy' with a target price of Rs 4,100, implying an upside of 20.3%. Financial year 2025 order inflow guidance achievable post September quarter results surprise; revise order inflows up by 2-4% over financial years 2025–27. Believe core Ebitda margin guidance of 8.25% remains conservative..Larsen & Toubro Q2 Results: Profit Up 7%, Beats Estimates.Maintain 'buy', but reduce target price to Rs 870, implying an upside of 14%. Asset quality marginally deteriorated quarter-on-quarter, while margins rose by 4 basis points, leading to record profit. Management reduced loan growth guidance to 25%, with a yield cut on new loans by about 200 basis points, aligned with macro and regulatory changes. .Diwali 2024: Gold Prices Hit Rs 79,970, Hovering Around Record High

Brokerage Views: Tata Power, L&T Q2 Results In Focus, Citi On India Strategy And More

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

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