Produced by: Harshita
Stock brokerages including Nuvama Institutional Equities, Religare Broking, LKP Securities, and Motilal Oswal have come out with research reports on select stocks namely JK Cement, Sobha, M&M, and Tega Industries. Here's what brokerages said about these scrips.
Motilal Oswal Financial Services has a ‘Buy’ rating on JK Cement stock with a target price of Rs 3,675 per share. The company is set to increase grey cement capacity to 25mtpa by FY25, according to the brokerage.
Analysts at Motilal Oswal believe that JK Cement’s profitability should improve, driven by cost-efficiency measures, improvement in geo-mix, and stabilisation of the Panna plant.
LKP Securities has a ‘buy’ call on Tega Industries stock with a target price of Rs 945. The company management expects consolidated revenue growth of 15% or more in the coming years while the margin profile is also expected to inch up due to benign commodity price
Analysts at LKP Securities remain positive on Tega Industries stock as its future growth prospects remain intact given green field expansion in Chile; value accretive acquisition; higher penetration opportunity for DynaPrime liners, and sustainable EBITDA margins.
Nuvama Institutional Equities has a ‘Buy’ call on Sobha Ltd stock with a price of Rs 679. The brokerage expects buoyancy in Sobha's sales and cash flows to sustain, riding the revival in housing demand.
With demand being strong and launches likely to pick up, analysts at Nuvama believe that Sobha’s focus on cash flows will hold it in good stead.
Religare Broking has a ‘buy’ rating on Mahindra & Mahindra (M&M) stock with a target price of Rs 1,556. The brokerage expects M&M’s Auto Division to drive the growth, led by robust demand across its SUV portfolio while its EV foray is garnering strong response.
According to analysts at Religare Broking, M&M’s strong foothold in FES segment with new product launches in pipeline will further aid in revenue and market share growth. They expect its Revenue, EBITDA, PAT to grow at a CAGR of 15.5%, 21% and 31.6% respectively over FY23-25E.
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