Stock Recommendations Today: Tata Motors, BSE, Devyani International On Brokerages' Radar

Tata Motors Ltd., BSE Ltd., and Devyani International Ltd. were among the top companies on brokerages' radar on Tuesday.

According to Morgan Stanley earnings turnaround will be gradual for Tata Motors and FY26 could see earnings downgrades.

In addition, HSBC's India strategy highlights that discretionary consumption in India is likely to get a $30-40 billion annual boost over the next 18-24 months.

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

• Maintain Overweight with Target Price of Rs 190

• Clear signs of demand recovery still awaited

• Demand narrative stays cautiously optimistic

• Optimistic on Chicken play with a target of 80-100 new KFC stores in FY26 to drive penetration

• Pizza Hut store expansion to stay muted, near-term

• Newly acquired brands to enhance its House of Brands play and support its food court strategy

• Cost efficiency measures to support margin expansion over the medium term

• Maintain Overweight with Target Price of Rs 625

• Management confident of delivering double digit volume growth

• Overseas beverages - Poised for good growth ahead

• Snacks - Potential for a larger play

• Capex should moderate from recent elevated levels

• Initiate Buy with Target Price of Rs 1,840

• On Track to Deliver Sustainable 17-18% Operating RoEV

• Positioned well to gain market share

• Diversified product and channel strategy

• Operating RoEV to remain strong

• Q1 price increase highest since Covid despite tapering demand

• Spot cement prices are 4%-6% higher than the FY25 average

• The highest increases in the south and east

• Despite softening demand, several price hikes at end-FY25 and early-FY26

• This has raised hopes of sector discipline returning after significant price corrections

• Industry's profitability and ROCE remain low

• Forecast industry volume to see a 7% CAGR over FY25-27, with an Ebitda/t CAGR of 18% driving profit pool expansion

• Companies with large capacity addition pipelines and cost-saving visibility, such as Ambuja & Ultratech, are better positioned to benefit

• Maintain Buy with target price of Rs 5,280

• Well positioned to monetise Rs 2,000 crore of capex commissioned in past 3 years

• This should improve asset turns and drive 35% EPS CAGR over FY25-27

• A pipeline of new contracts in speciality chemical, CDMO and HPP should fructify in FY26 and provide growth visibility FY28 onwards

• Despite its recent runup, stock has underperformed Nifty 23% since Jan-23

• Maintain Equal-weight with Target Price of Rs 715

• Unlike past downcycles, this time JLR is much stronger on all fronts

• But earnings turnaround will be gradual and FY26 could see earnings downgrades

• MS FY6 EPS estimate is 8% below consensus

• FCF is key for low-growth companies

• Maintain Neutral; Hike Target Price to Rs 2,490 from Rs 2,110

• Options trading volume and expiry day decision key catalysts

• Volatility and its relationship with options trading is difficult to predict

• BSE’s reliance on this income stream at 60% is quite elevated

• This leaves no room for disappointment as valuation remains at the top end of historical range

• Discretionary consumption in India is likely to get a $30-40 bn annual boost over the next 18-24 months

• This will be aided by tax cuts in FY26, 8th pay commission in FY27 and lower interest rates and inflation

• Q4FY25 earnings traction has been better than feared, though still led to a 5% downward revision in market earnings for FY26

• Maintain Underperform; Cut Target Price to Rs 600 from Rs 630

• Cut FY26-28 EPS by 12-19%, mainly lowering JLR margins to 6.0-6.5% in FY26-28

• Recognize Tata's focus on improving franchise across India and JLR

• Remain concerned about multiple headwinds across businesses

• India CV demand has slowed down, and competition is rising in electric PVs

• JLR is also likely to face a tough year amid multiple above-mentioned challenges

• JLRs key models (RR, RR Sport and Defender) are now 2-4 years old

• Maintain Neutral with Target Price of Rs 1,280

• Macro pointing to H2 pickup in Auto ER&D

• Caresoft expected to become EPS accretive in H2FY26/FY27E

• Hybrid vs EV debate not presently cannibalising KPIT opportunity set

• Stable margin expectations in near term

• MGL – Upgrade to Buy from Neutral; Target Price at Rs 1680

• IGL – Maintain Neutral with Target Price of Rs 210

• Gujarat Gas – Maintain Reduce with Target Price of Rs 406

• Falling APM gas allocation a near-term challenge, manageable through price hikes

• EV policies by states to continue pressuring CNG growth

• CNG as an auto fuel could grow alongside

• Inclusion of gas under GST could benefit Gujarat Gas the most

• MGL offers better growth at attractive valuation