We have compiled a list of recommendations from leading brokerage firms based on ETNow and other sources:
Morgan Stanley on IndusInd Bank: Overweight | Target price: RS 1,780
Morgan Stanley has maintained an Overweight rating on IndusInd Bank with a target price of Rs 1,780.
The global brokerage firm anticipates that the share price will outperform the industry over the next 15 days. The recent stock correction was primarily due to weak volume growth and PPoP progression. However, the bank’s asset quality has remained strong in Q1, and it is confident in meeting its FY25 asset quality guidance. Morgan Stanley considers the current valuation to be attractive.
JPMorgan on Lupin: Overweight | Target price: Rs 2,400
The global brokerage firm JP Morgan has upgraded Lupin to Overweight from Neutral and raised the target price to Rs 2,400 from Rs 1,560.US momentum has accelerated, driven by strong pipeline execution. JP Morgan expects Lupin’s core business margins (excluding FTFs) to improve by 400 basis points to 22% in FY27. They believe the company has further growth potential despite its significant outperformance.Nomura on Aadhar Housing: Buy | Target price: RS 550
Nomura has maintained a buy call on Aadhar Housing with a target price of Rs 550.The company reported healthy AUM growth of 21% year-on-year, although disbursement growth was lower due to an RBI circular. Spreads have expanded due to rising yields, coupled with controlled operating expense growth. Additionally, the company’s credit costs and asset quality have improved year-on-year.
UBS on Page Industries: Buy | Target price: Rs 44,000
UBS has maintained a buy rating on the stock with a target price of Rs 44,000.
Although both revenue growth and margins were below estimates, better sales growth is expected in H2 FY25. Page Industries is likely to benefit from the substantial growth potential in the innerwear market.
Goldman Sachs on Eicher: Buy | Target price: Rs 5,600
Goldman Sachs has maintained a buy view on Eicher, raising the target price to Rs 5,600 from Rs 5,400.
The Guerrilla launch and the upcoming new Classic represent potential upside. Higher export volumes are anticipated to benefit from the Guerrilla launch. Additionally, VECV is entering a period of lower taxes, which could boost earnings power by 2%.
(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times)