We have collated a list of recommendations from top brokerage firms from ETNow and other sources:
Morgan Stanley on Avenue Supermarts (D-Mart): Overweight| Target Rs 4471
Morgan Stanley maintained an overweight rating on D-Mart with a target price of Rs 4471. The Q3 operational metrics improve further, however, the pace of store additions needs to pick up.
The Q3 standalone revenue was ~5% lower than estimates. The efficiency metrics continue to improve, which is a key positive. The network expansion in Q4 remains a key monitorable.
Morgan Stanley on Federal Bank: Equal-Weight| Target Rs 165
Morgan Stanley maintained an Equal-Weight rating on Federal Bank with a target price of Rs 165. The loan growth moderated while customer deposits continued to do well.
The overall deposit growth was lower owing to the decline in inter-bank and certificates of deposits.Morgan Stanley on M&M Finance: Equal-Weight| Target Rs 285
Morgan Stanley maintained an Equal-Weight rating on M&M Finance with a target price of Rs 285. The YoY disbursement growth for December was below expectations.
If disbursements do not pick up, there could be risks to our AUM forecast. The global investment bank sees a limited upside in the context of muted ROE and downside risks to earnings forecasts.
Motilal Oswal on M&M: Buy| Target Rs 2005
Motilal Oswal maintained a buy rating on M&M but raised the target to Rs 2005 from Rs 1785 earlier.
The company is well poised to outperform across all its verticals. Assigning an incremental value of Rs.214/share to its EV subsidiary.
M&M is well placed to outperform in the PV segment. It is likely to capitalize on market leadership in the 2.0-3.5T LCV category. FY25 is likely to be a positive year for the domestic tractor industry.
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(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)