Motilal Oswal reiterated its buy call on Raymond Lifestyle Ltd. with a substantial upside, while maintaining a neutral stance on TCI Express.
NDTV Profit tracks what the brokerages are putting out on stocks and sectors. Here are the top calls from analysts you need to know on Thursday:
Motilal Oswal On Raymond Lifestyle
Motilal Oswal maintains 'buy' on Raymond Lifestyle at Rs 3,000 target price, indicating a 49% potential upside.
Company's renewed growth focus, working capital discipline could lead to a valuation re-rating over the medium term.
Scale-up of distribution network in branded apparels remains a key focus area.
Successful execution of Ethnix to help company become player in largely unorganised Indian ethnic wear industry.
Headwinds in leading garment-exporting countries bode well for the company.
Expect CAGR of 9–11% in revenue, Ebitda, and profit over tax in next two fiscals.
Motilal Oswal On TCI Express
Motilal Oswal maintains 'neutral' on TCI Express at revised target price of Rs 940, implying a potential 13% upside.
Brokerage downgraded the stock's rating in October on volumes and profitability concerns.
Expect weak volume trend to persist for the rest of the fiscal.
Near to medium term headwinds: Higher, weak rural demand, consumption slowdown, elevated inflation.
Weak demand from MSME customers, rising costs to hinder operational efficiency.
Co does not expect to take any hike prices in the current scenario.
Expect co to see 8% CAGR in volume, and 10% in revenue and PAT over fiscals 2024 to 2027.
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