Designed by: Mohsin Shaikh
Produced by: Harshita Tyagi
Stock brokerages have come out with research reports on select stocks namely Coal India, Ultratech, Cement, Pidilite Industries and Siemens. All the stocks majorly have a positive view on them from the brokerages. Here's what brokerages said about these counters
UBS has maintained its ‘Buy’ rating on the stock, and raised target price to Rs 4,500 from Rs 3,900 earlier. Recent robust order intake by peers and encouraging commentary by the company’s leadership underscore its outlook on sector growth and Siemens in particular
UBS believes that recent expansion and a growing proportion of services in large mobility orders, among other factors, could help SIEM scale services and exports' share above 40% by FY25-26E. “This could improve the return structure, with healthy margins and revenue scalability,” it said
Dolat Capital has downgraded the stock to ‘Accumulate’, considering the recent run-up in the share price. The brokerage suggested inventors to ‘buy on dips’. “With high growth potential and leadership, Pidilite deserves high valuations,” it said
According to Dolat Capital analysts, Pidilite’s C&B is expected to strengthen here on with increasing construction activities while B2B business is expected to deliver strong improvement. “Considering softening in VAM prices, we believe that the margins in the business would improve here on,” they said
Motilal Oswal has assigned a ‘buy’ tag to Ultratech Cement stock with a target price of Rs. 7,715 per share. It expects the company’s capacity/volume CAGR to likely be at 10%/8%, surpassing that of industry at 7% each
The brokerage expects Ultratech Cement to increase its market share to 26.5% by FY25, +60bp from FY23 levels. The company’s margins are expected to further. “We estimate the company to become net cash positive in FY24,” Motilal Oswal said
Sharekhan has a ‘buy’ tag on the stock. It believes that the company’s overall earnings would remain resilient and above historical levels given strong coal demand from thermal power plants and better price discovery (single window for e-auction of coal and likely FSA price hike)
“The company’s board has given in-principle approval to divest a 25% stake in Bharat Coking Coal Limited (BCCL) and a stake sale along with potential listing could help unlock value. We maintain a Buy recommendation on CIL with a revised price target (PT) of Rs 270.” Sharekhan said
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