NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Escorts Kubota, Transport Corporation of India and Raymond Lifestyle are in focus after Motilal Oswal Financial Services reviewed their June-quarter earnings, highlighting improving demand trends, operational resilience and long-term growth opportunities across the tractor, logistics and lifestyle segments.
While the brokerage retained a Neutral rating on Escorts Kubota, it reiterated Buy ratings on TRPC and Raymond Lifestyle.
Among the three companies, Transport Corporation of India offers the highest potential upside, with Motilal Oswal maintaining a Buy rating and a target price of Rs 1,150, implying around 26% upside from current levels.
Raymond Lifestyle also remained a preferred pick for Motilal Oswal, which maintained its Buy rating with a target price of Rs 880, indicating upside of about 21%. The brokerage noted that the company's June-quarter Ebitda exceeded expectations by 21%, aided by strong garmenting performance and ongoing cost rationalisation.
For Escorts Kubota, Motilal Oswal retained its Neutral rating with a target price of Rs 3,348, implying a modest upside of about 7%. The brokerage acknowledged that the company reported stronger-than-expected profit growth in the June quarter, driven by higher other income and healthy tractor demand.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
