Stock brokerages including HSBC Global Research, Nuvama Institutional Equities, ICICI Securities and Motilal Oswal have come out with research reports on select stocks namely Titagarh Rail Systems, Polycab India, Bank of Maharashtra, VRL Logistics. Here's what brokerages said about these counters
HSBC Global Research has a ‘Buy’ rating on Titagarh Rail Systems stock with a target of Rs 730 per share. According to the brokerage, a strong order backlog underpins their robust revenue growth outlook. “We see EBITDA margins improving in both of its core businesses,” it said
India’s railway network is the world’s fourth largest and it is gearing up to get even bigger and busier. That means a lot more freight wagons are needed, creating a significant growth opportunity for Titagarh Rail Systems, said HSBC Global Research, adding that Titagarh’s own transformation on the back of simplifying its business and signing partnerships has prepared it to profitably take advantage this opportunity and generate a good RoE
Domestic brokerage Nuvama Institutional Equities has a ‘Buy’ rating on Polycab India stock with a target price of Rs 5,175 per share. According to the brokerage, continued high growth, margin as well as RoCE improvement, and FMEG’s option value means Polycab’s current B2B valuations have ample room to improve
Analysts at Nuvama Institutional Equities believe that Polycab is reaping oversized benefits (growth, margins) of its domestic leadership, and its growing focus on global markets can drive the next leg of growth. It might well meet FY26E top-line guidance of Rs 200 billion in FY25E itself
Brokerage firm ICICI Securities has a ‘buy’ rating on Bank of Maharashtra stock with a target price of Rs 126 per share. According to the brokerage, structurally, Bank of Maharashtra share price has undergone higher base formation over the past two quarters digesting its CY22 gains
According to analysts at ICICI Securities, the Nifty PSU bank index is at the ‘cusp of multi-year breakout’ indicating structural turnaround and expected to outperform. They expect Bank of Maharashtra stock to accelerate its northbound journey and head towards Rs 40 in the coming months
Brokerage firm Motilal Oswal has a ‘Buy’ rating on VRL Logistics stock with a target price of Rs 850 per share. The brokerage believes that the company is in a favourable position thanks to its prominent presence in the LTL segment, with a focus on expanding its branch network and fleet size. “The company's healthy balance sheet and robust cash flow generation should help it meet capex needs for future growth,” it said
“As the share of organised players is expected to grow substantially in the coming years, the outlook appears promising for established pan-India players like VRL Logistics. We estimate a 17% volume CAGR over FY24-25, with EBITDA margin in the 16-17% range,” said Motilal Oswal in a report
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