Stock Recommendations Today: Bharat Dynamics, Axis Bank, Coal India, Prestige Estate On Brokerages' Radar

Bharat Dynamics Ltd., Axis Bank Ltd., Coal India Ltd., and Prestige Estates Ltd. were among the top companies on brokerages' radar on Thursday.

Analysts have initiated coverage on many companies, including BDL, power finance majors like REC Ltd. and Power Finance Corp., housing finance counters and Tips Music Ltd.

NDTV Profit tracks what analysts are saying about various stocks and sectors. Here are the analyst calls to keep an eye out for today.

• Initiated 'neutral' with a target price of Rs 1,900.

• Increased global spending augurs well for the Indian defence sector.

• Positive industry tailwinds to benefit Bharat Dynamics.

• Expects Bharat Dynamics’ total addressable market size to be Rs 50,000 crore.

• Emerging as a leading integrator of missile platforms.

• Strong order book and easing supply chain issues to scale up revenue.

• Focus remains on indigenisation.

• Valuations fair, would look for lower price points to enter the stock.

• Home First – Initiated 'outperform' with a target price of Rs 1,650.

• Aptus Value – Initiated 'outperform' with a target price of Rs 400.

• Aadhar Housing – Initiated 'outperform' with a target price of Rs 550.

• PNB Housing – Initiated 'market-perform' with a target price of Rs 1,020.

• Aavas Financiers – Initiated 'market-perform' with a target price of Rs 2,070.

• Mortgages are the big driver of retail credit growth and present a $500 billion lending opportunity.

• Key differentiation will be a lender’s ability to replicate its operating model consistently across multiple states.

• Home First – demonstrated ability to consistently replicate its operating model across multiple states.

• Aptus is well-positioned in a falling interest rate environment given the now reasonable valuations.

• Aadhar is the largest and most geographically diversified player and set to grow AUM at 20% CAGR.

• Aavas lags peers on yield and profitability and has seen a sharp slowdown in growth recently.

• PNB Housing's aggressive expansion in the new segment, high reliance on balance transfer-ins and DSA sourcing raises concerns.

• Maintained 'buy' with a target price of Rs 1,430.

• FY25 annual report highlights improvement in granular liabilities, control on costs and stable fee contributors.

• Increase in salary accounts, cut-back in certain cost heads and sharp growth in bancassurance fees are positives.

• Small improvements can be significant catalysts for stock growth.

• Maintained 'neutral' with a target price of Rs 415.

• Should deliver monthly volume growth from July/August as the base turns more favourable.

• Base favourable owing to weakening power demand trends, stable inventory at thermal power plants and steady rise in volumes from captive mines.

• Coal India may witness a slight relief rally in the near term as monthly volume prints show growth, the brokerage said.

• These rallies may be short-lived as the underlying fundamentals are not improving.

• Continue to see headwinds from lower international thermal coal prices.

• This could weigh on the e-auction premium.

• Maintained 'overweight' with a target price of Rs 1,700.

• Q1 beat led by stronger inventory sale and presales rebound on launches' execution.

• Well-positioned to meet the target.

• Upcoming hotel listing should help alleviate leverage concerns.

• REC – Initiated 'overweight' with a target price of Rs 485.

• PFC – Initiated 'overweight' with a target price of Rs 508.

• Financing India’s energy transformation.

• These stocks have been out of favour over the past nine months after being popular in 2023 and 2024.

• Screen attractive on both absolute and relative risk-reward.

• PFC and REC should each achieve 12% loan CAGR over FY25-28 and 17-19% average return on equity.

• See 3.8-4.5% dividend yield, with asset quality likely to be stable.

• Find the risk-reward compelling versus the current coverage.

• Initiated 'buy' with a target price of Rs 800.

• Poised for growth even in a turbulent industry landscape.

• Expects the company to continue to consolidate its market position.

• Partnerships with global giants and aggressive content investments to drive growth.

• Prefers Tips Music over Saregama.

• Expects medium-term earnings to grow 24%.