Recos
JM Financial maintains Buy on Maruti Suzuki India, lowers target price to Rs 13,300
JM Financial maintains a buy call on Maruti Suzuki, revising the target price to Rs 13,300 due to new plant costs and commodity headwinds. While Q4FY25 results showed revenue growth, margins were impacted. The brokerage anticipates volume growth and new model launches, but has lowered revenue and EPS estimates for FY26E/FY27E.
Buy G R Infraprojects, target price Rs 1,166: Axis Securities
Axis Securities recommends a Buy for G R Infraprojects, setting a target price of Rs 1,166, indicating a 10% upside. The company's financials show a consolidated total income of Rs 1797.38 crore for the latest quarter. G R Infraprojects anticipates strong order intake across multiple sectors, including railways and T&D, supported by a robust bidding pipeline.
I-Sec maintains Buy on IDFC First Bank, raises target price to Rs 80
ICICI Securities maintains a Buy call on IDFC First Bank, revising the target price to Rs 80. The bank's Q4FY25 PAT was impacted by elevated provisioning, though funded assets and deposits showed strong YoY growth. While NIM declined slightly, MFI slippages are expected to have peaked, with ICICI Securities anticipating RoA to reach 1% by the end of FY26E.
JM Financial maintains Buy on Reliance Industries, target price Rs 1,580
JM Financial suggests buying Reliance Industries shares. The target price is Rs 1,580. Reliance Industries' Q4FY25 EBITDA was slightly below estimates. Retail EBITDA showed strong growth. Digital EBITDA also performed well. O2C and E&P segments were slightly lower. The company's management expects petchem and clean energy projects to remain on track.
Buy DCB Bank, target price Rs 160: Axis Securities
Axis Securities suggests buying DCB Bank shares. The target price is one hundred sixty rupees. The current market price is around one hundred thirty nine rupees. The bank's income increased significantly this quarter. They anticipate strong growth for DCB Bank. Axis Securities projects credit and deposit growth. The brokerage firm expects gradual improvement in net interest margins.
Reduce Tech Mahindra, target price Rs 1,250: ICICI Securities
ICICI Securities maintains a Reduce call on Tech Mahindra, setting a target price of Rs 1250 against the current market price of Rs 1440.9. While turnaround efforts show promise with BFSI growth and strong deal TCV, macroeconomic headwinds and industry-specific challenges in communication and manufacturing sectors may slow progress. The brokerage tweaked estimates, valuing Tech-M at 18x on future EPS.
BULL'S EYE
Prices of LPG cylinder in Delhi, Mumbai, Kolkata
HDFC Mutual Fund "Tap2Invest" on WhatsApp
Should you opt for the old tax regime, or the new tax regime ?
Money deadlines in March 2025
Top 5 ELSS funds with up to 23% returns in 3 years
New NPS fees from January 2025: Full breakdown of charges
Top 5 aggressive hybrid equity funds with up to 38% returns in 1 year
Know why this may be the right time to buy a house
SC says no to Ganesha in Idgah Maidan
Markets Videos
Buy Axis Bank., target price Rs 1,330: JM Financial
JM Financial reaffirms a 'Buy' call on Axis Bank, raising the target price to Rs 1,330. Axis Bank's recent quarter showcased a consolidated total income of Rs 39958.04 crore, reflecting growth from both the previous quarter and the prior year. The bank reported a net profit after tax of Rs 7475.13 crore.
Buy Dalmia Bharat, target price Rs 2,260: Axis Securities
Axis Securities maintains a Buy call on Dalmia Bharat with a target price of Rs 2,260, citing improved margins driven by lower costs in Q4FY25. The brokerage anticipates strong growth, projecting Volume/Revenue/EBITDA/PAT CAGRs of 8%/6%/11%/17% over FY24-FY27E, fueled by capacity expansion and market share gains. The cement sector's consolidation and attractive valuations further support the positive outlook.
I-Sec maintains Hold on Nestle India, raises target price to Rs 2,350
ICICI Securities has reiterated its 'Hold' rating for Nestle India, adjusting the target price to Rs 2,350. The brokerage projects a revenue CAGR of 11% and PAT CAGR of 17% over FY25-26E. While demand recovery poses an upside risk, rising raw material costs present a downside risk to the company's performance.
JM Financial maintains Buy on Hindustan Unilever, raises target price to Rs 2,555
JM Financial suggests buying Hindustan Unilever shares. The target price is now Rs 2,555. The previous target was Rs 2,485. The analyst expects the price to reach this level in a year. Hindustan Unilever reported a consolidated total income of Rs 15,979 crore for the quarter ended March 31, 2025. Management anticipates volume-led growth and stable EBITDA margins.
Add Mahindra & Mahindra Financial Services, target price Rs 310: ICICI Securities
ICICI Securities maintains an 'add' call on Mahindra & Mahindra Financial Services, with a target price of Rs 310. The company's FY25 performance was in line, featuring a 17% AUM growth. While quarterly volatility persists, management anticipates improvements in NIM and RoA, projecting continued AUM growth and stable credit costs.
JM Financial maintains Buy on Just Dial, raises target price to Rs 1,250
JM Financial maintains a Buy call on Just Dial, revising the target price to Rs 1,250, citing robust collection growth and strong sequential paid campaign additions. The company's Q4 performance exceeded expectations with significant EBITDA growth driven by margin expansion. Clarity on cash distribution policy remains a key trigger for future stock performance, as the stock is currently undervalued.
Buy Au Small Finance Bank, target price Rs 725: ICICI Securities
ICICI Securities maintains a buy call on Au Small Finance Bank with an unchanged target price of Rs 725. The bank's Q4FY25 performance showed sustained growth and operational efficiency, though credit costs in unsecured portfolios remained elevated. Management anticipates NIM pressure but expects credit costs to moderate in FY26, indicating improved asset quality.
JM Financial maintains Buy on Havells India, target price unchanged at Rs 1,900
JM Financial suggests buying Havells India shares. The target price is Rs 1,900. Havells India reported strong financial results for the quarter ended March 31, 2025. Total income increased significantly. Net profit after tax also rose. The brokerage firm anticipates growth driven by Lloyd and the Wires and Cables segment. Promoters hold a substantial stake in the company.
Reduce HCL Technologies, target price Rs 1,390: ICICI Securities
ICICI Securities has a 'reduce' call on HCL Technologies, setting a target price of Rs 1390 against the current market price of Rs 1586.9. While Q4 deal TCV was strong at USD 2.995bn, the brokerage anticipates weakness in retail and manufacturing sectors. They have cut FY26E/FY27E EPS estimates due to lower revenue expectations.
Buy Swiggy, target price Rs 500: JM Financial
JM Financial suggests buying Swiggy shares, setting a target price of Rs 500. Swiggy's current market value stands at Rs 340.85. The company reported a consolidated total income of Rs 4095.84 crore for the quarter ended December 31, 2024. Despite a net loss, JM Financial values Swiggy's various business segments.
