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Buy Dalmia Bharat, target price Rs 2,000: Axis Securities
Axis Securities recommends buying Dalmia Bharat stock with a target of Rs 2000, projecting a 11% upside. Despite subdued Q3FY25 performance, positive outlook driven by strong infrastructure demand and affordable housing initiatives. Current trading indicates attractive valuation, backed by increasing real estate demand and strategic positioning in key markets. Promoters hold 55.84% stake, FIIs 9.08%, DIIs 14.62%.
Buy Persistent Systems, target price Rs 7,600: Motilal Oswal Financial Services
Motilal Oswal Financial Services recommends buying Persistent Systems with a target of Rs 7,600, citing a projected 19% USD revenue CAGR over FY24-27E and superior earnings growth. The company, operating in the IT Software sector, reported Rs 3,104.92 crore income for Q3 2024 and net profit of Rs 372.99 crore. Promoters hold 30.66% stake.
Reduce BPCL, target price Rs 250: HDFC Securities
HDFC Securities has maintained a reduce rating on Bharat Petroleum (BPCL) with a target price of Rs 250. BPCL's consolidated total income for Q3FY25 was Rs 113773.66 crore, up 9.94% QoQ but down 1.91% YoY. EBITDA stood at Rs 75.8 billion, and PAT at Rs 46.4 billion, below estimates. Promoters hold a 52.98% stake.
Buy Nippon Life India Asset Management, target price Rs 777 : JM Financial
JM Financial recommends buying Nippon Life India Asset Management shares with a target of Rs 777, despite a recent dip in income. The asset management company reported significant year-on-year growth and strong market share gains. With its focus on SIPs and rationalizing distribution commissions, it remains a top pick in the AMC space.
Buy Coforge, target price Rs 12,000: Motilal Oswal Financial Services
Motilal Oswal recommends buying Coforge Ltd., targeting Rs 12,000 as the current market price is Rs 9085.8. Coforge, a Mid Cap IT company, showed significant growth with a 44.46% YoY increase in total income and strong 3QFY25 revenue growth of 8.4% QoQ in CC terms. Coforge's robust order book and rebound in BFS client spending indicate a positive outlook.
Buy Hindustan Unilever, target price Rs 2,850: Motilal Oswal Financial Services
Motilal Oswal Financial Services has recommended buying Hindustan Unilever (HUL) with a target price of Rs 2850. HUL, a large FMCG company, reported a slight decrease in quarterly income but a net profit of Rs 2988 crore. Analysts note HUL's strength in brand, distribution, and innovation, maintaining a BUY rating amid demand recovery delays.
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Add UltraTech Cement, target price Rs 12,100: HDFC Securities
HDFC Securities maintains an add rating on UltraTech Cement with a revised target price of Rs 12100. UltraTech Cement reported a consolidated total income of Rs 17437.62 crore for Q3FY25, showing significant volume growth and cost reductions, which resulted in higher unit EBITDA. The company’s net profit for the quarter stands at Rs 1474.77 crore.
Buy Coforge, target price Rs 10,990: JM Financial
JM Financial advises buying Coforge stock, predicting it will reach Rs 10,990 in a year. The company, operating in the IT sector, has shown strong income growth and a significant net profit. Coforge has reported positive quarterly results and is expected to maintain growth through major deals and services. The rating is BUY.
Buy Cyient DLM, target price Rs 650: LKP Securities
LKP Securities has given a buy recommendation for Cyient DLM with a target price of Rs 650 within a year. The company, which operates in the General sector, has reported a net profit of Rs 15.58 crore in the latest quarter despite a decline in total income. The firm maintains guidance of 30% revenue CAGR and foresees profitability improvements.
Buy HDFC Bank, target price Rs 2,050: Motilal Oswal Financial Services
Motilal Oswal Financial Services suggests buying HDFC Bank with a target price of Rs 2,050. Despite strong deposit growth, the company reported a marginal decline in asset quality and CASA ratio. The cut in earnings estimates for FY26 reflects slower loan growth, but the bank's focus on reducing the CD ratio and improving leverage supports future return ratios.
Buy Tata Technologies, target price Rs 1,150: JM Financial
JM Financial recommends buying Tata Technologies with a target of Rs 1150. Currently priced at Rs 813.3, the company shows promising financials and growth. For the quarter ending December 2024, Tata Technologies reported a total income of Rs 1345 crore and a net profit of Rs 168.14 crore, highlighting strong performance in the IT Software sector.
Buy ICICI Pru Life, target price Rs 780: Motilal Oswal Financial Services
Motilal Oswal Financial Services recommends buying ICICI Prudential Life Insurance with a target price of Rs 780. The company's recent quarterly income fell, but it plans for significant growth in new business metrics over the next few years. Future growth in premium and VNB margins will be key. Promoters hold a 73.01% stake in the company.
Buy Oberoi Realty, target price Rs 2,560: Axis Securities
Axis Securities has recommended buying Oberoi Realty shares with a target price of Rs 2,560, indicating a 38% potential upside from its current price. The company's strategic launch plans, strong annuity business, inventory position, and land acquisitions contribute to its promising financial outlook, highlighted by increased income and pre-sales performance for 2023.
Buy L&T Finance, target price Rs 180: JM Financial
JM Financial has recommended a buy on L&T Finance with a target price of Rs 180, currently priced at Rs 140.3. With a market cap of Rs 34894.83 crore, L&T Finance has shown positive financial growth and robust adjustments to attract premium customers. Promoters hold a 66.25% stake, and FIIs own 5.3% of the company.
Buy Siemens, target price Rs 7,500: Motilal Oswal Financial Services
Motilal Oswal Financial Services recommends a buy on Siemens with a target price of Rs 7,500. Despite a slight reduction in estimates, Siemens is expected to emerge as a manufacturing hub due to governmental capex revival and export focus. Promoters hold 75% shares, while FIIs own 8.77% and DIIs 6.73% as of December 2024.
Add Mastek, target price Rs 3,840: HDFC Securities
HDFC Securities recommends an add call on Mastek with a target price of Rs 3840, while the current market price is Rs 2579.15. Mastek reported consolidated total income of Rs 879 crore and net profit of Rs 94.71 crore for the December 2024 quarter. The company expects margin and growth driven by UK geography, maintaining an overall positive outlook.
