Stock Recommendations Today: ONGC, Adani Ports, PCBL Chemical, NTPC On Brokerages' Radar
NDTV Profit tracks what analysts are saying about various stocks and sectors. Here are the analyst calls to keep an eye out for on Tuesday.
Oil and Natural Gas Corp., PCBL Chemical Ltd., Adani Ports and Special Economic Zone Ltd., and NTPC Ltd. are among the top companies on brokerages' radar on Monday.
Further, analysts have also given their take on the metal sector, which came under heavy pressure on Monday after newly elected US President Donald Trump imposed tariffs on Mexico, Canada and China. Both Canada and China have sought WTO to intervene. US tariffs on these countries could drive near-term bearish pressure on LME base metal prices, according to JPMorgan.
NDTV Profit tracks what analysts are saying about various stocks and sectors. Here are the analyst calls to keep an eye out for on Tuesday.
Brokerages On ONGC
Jefferies
Maintained 'buy' with target price of Rs 375 per share.
Highlighted the strong production growth outlook over FY25-28 from fields under development.
Its partnership with BP to revive production from its largest field.
SAED is unlikely to be reimposed if crude stays below $100.
Potential production recovery in Mumbai High poses upside risk to estimates.
Investec
Maintained 'buy' with target price of Rs 350 per share.
Enthused from ONGC analyst meet.
Management outlined several promising developments on the horizon.
Valuations representing a significant discount compared to historical values and peers.
Offering an attractive 5% dividend yield.
UBS On PCBL Chemical
Initiated 'buy' with target price of Rs 600.
Strong foundation and significant optionality.
In midst of transformation; re-rating to follow.
Transforming into a chemical technology platform.
Expects 27% earnings CAGR over FY24-29, with ROCE expansion to 29% from 18%.
Base business is steady compounder and cash generator.
Expects growth from diversification into newer phosphonate chemistry will positively surprise the market.
Sophisticated nano-silicon technology offers substantial optionality, but is not fully appreciated by market.
Investec On NTPC
Maintained 'buy' with a target price of Rs 421.
Correction largely reflects the concerns on lower than anticipated capital outlay proposed by the government.
NTPC’s capex plan remains firm for the next two-three years.
Recent market reaction is an overreaction.
Sees strong and stable coal based capacity addition across the regulated business model.
Risk averse regulatory business model.
Evolution into cleaner energy by focusing on adding renewable capacities.
Goldman Sachs On Adani Ports
Maintained 'buy' with target price of Rs 1,560 per share.
Third quarter results were better than expectations.
Market share gains has also continued.
Logistics business continues to see healthy growth.
Recent correction has made risk-reward much more attractive.
JPMorgan On Metal Sector
Indian metals and mining stocks could trade choppy in the near term due to ongoing uncertainty around tariffs.
Budget kept basic customs duty on steel unchanged and lacked mention.
Industry anticipates a decision by February-end on safeguard duties.
Capex growth underwhelming and lower than long term CAGR.
Brokerage said 7% YoY steel consumption growth in FY26-27 is a more realistic estimate now.
Could be positive implications of income tax exemptions on other steel consuming sectors like automobiles.
US tariffs on Canada, Mexico and China could drive near-term bearish pressure on LME base metal prices.
The sharp appreciation of USD against INR could cushion a part of the impact, according to the brokerage.
JSW Steel is the preferred stock within the overall space.
Disclaimer: NDTV Profit is a subsidiary of AMG Media Networks Limited, an Adani Group Company.
