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Yes Securities has given a buy call with a target price of Rs 810. The brokerage is positive on the company's dominant presence in the evolving bio-gas landscape, and strong order book
Yes Securities has recommended a buy with a target price of Rs 816. The brokerage is continuing its bullish stance on the company and assigned higher premium of 50% to the current portfolio
Yes Securities recommends a buy with target price of Rs 296, indicating a potential return of 34.5%. We are anticipating revenue CAGR of 16%, and EBITDA and PAT CAGR of 30% and 35% respectively for FY23-26E. We believe ORIENTEL can outperform peers and could lead to market share gains.
The brokerage recommends a buy with target price of Rs 830. The brokerage sees staff expenses declining to Rs 660 bn in FY25 from Rs 840 bn in FY24, the latter including the Rs 71 bn exceptional item.
Motilal sees Tata Motors witnessing a healthy recovery as supply-side issues ebb (for JLR) and commodity headwinds stabilize (for the India business). The next leg of growth will be driven by JLR, as we expect EBIT margin to reach 9.9% by FY26, in line with the management’s guidance. It has reiterated buy with an FY26 SOTP-based TP of Rs 1,000.
While Antique sees near-term demand environment challenging, the brokerage is optimistic about Devyani’s long-term growth potential based on strong brand equity and superior execution, recommending Buy with a revised target price of Rs 227
TIINDIA offers diversified revenue streams, with strong growth in the core business, ramp-up in CG Power, and optionality of new businesses incubated under the TI-2 strategy. Motilal reiterates a buy rating and a TP of Rs 4,025 (based on 36x for the standalone business, valuing listed subsidiaries at 20% HoldCo discount and adding Rs 350 a share for 3 EV businesses.
Motilal sees weakness in mortgage business continuing. However, the pace of deceleration, it said, has started ebbing that is giving confidence to the management to reduce the near-term leakages and expect recovery in the coming quarters. Motilal is Neutral with a TP of Rs 2,600 (based on 23x FY26E EPS).
Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Business Today. Investors should consult their financial advisors before taking any position