STOCKS TO BUY
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.
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 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 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.
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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 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.
Buy Dixon Technologies, target price Rs 20,500: Motilal Oswal Financial Services
Motilal Oswal Financial Services recommends a buy on Dixon Technologies with a target price of Rs 20,500, up from its current Rs 14,848.7. The firm's improved performance in mobile, telecom, and refrigeration segments boosts the future revenue estimates of the company. Promoters hold 32.42%, while FIIs and DIIs own 23.22% and 22.61%, respectively.
Buy Aurobindo Pharma, target price Rs 1,755: JM Financial
JM Financial recommends buying Aurobindo Pharma with a target price of Rs 1755, up from the current Rs 1173.7, due to expected growth from the flu season in the US and a slight margin expansion. Aurobindo Pharma reported a net profit of Rs 816.65 crore in the recent quarter and has strong promoter and institutional support.
Buy VRL Logistics, target price Rs 655: ICICI Securities
ICICI Securities recommends buying VRL Logistics with a target price of Rs 655. VRL, a Small Cap company in the Logistics sector, reported a significant revenue increase. Their income for the quarter ending September 2024 rose 8.09% from the previous quarter and 12.11% year-on-year. Promoters hold 60.24% stake in the company.
Buy Zomato, target price Rs 270: Motilal Oswal Financial Services
Motilal Oswal Financial Services has issued a buy rating on Zomato with a target price of Rs 270. Zomato's food delivery business is reported to be stable, and Blinkit is poised to disrupt retail and e-commerce. The firm's total income rose significantly in the latest quarter, showing a strong performance overall.
Buy Indian Hotels, target price Rs 960: Motilal Oswal Financial Services
Motilal Oswal Financial Services gives a buy recommendation for Indian Hotels Company, with a target price of Rs 960, due to strong performance and potential growth in the tourism and hospitality sector. The company shows a significant increase in income and profit, with a robust management team driving future growth.
ICICI Securities maintains Buy on Angel One, lowers target price to Rs 3,000
ICICI Securities maintains a buy call on Angel One, adjusting the target price to Rs 3,000. The company's recent quarter income dropped by 16.63%, but revenue improved by 19.14% year-on-year. Regulatory impacts and weak market conditions affected Q3FY25 results. However, business diversification and projected profit growth to Rs 15 billion by FY27E bolster positive outlook.
Buy Genus Power Infrastructures, target price Rs 408: Axis Securities
Axis Securities recommends a buy on Genus Power Infrastructures, setting a target price of Rs 408 against the current Rs 371.65. The company reported strong growth with a total income of Rs 549.86 crore in Q2 2024, up 24.63% from last quarter. Promoters hold 39.39% stake, while FIIs own 22.79%.
Buy Reliance Industries, target price Rs 1,600: Motilal Oswal Financial Services
Motilal Oswal Financial Services recommends buying Reliance Industries with a target price of Rs 1,600. The company, with a current market price of Rs 1,306.6, is expected to see significant growth in its RJio and retail segments. The report highlights a future EBITDA and PAT CAGR of around 10% over FY24-27, driven by key business segments.
Buy Bharat Electronics, target price Rs 360: Motilal Oswal Financial Services
Motilal Oswal Financial Services recommends buying Bharat Electronics Ltd. (BEL) with a target price of Rs 360. Currently priced at Rs 279.95, BEL is a large cap in the Defence sector. The company reported a significant income and profit increase for the quarter ended September 30, 2024. Promoters hold a 51.14% stake.
ICICI Securities upgrades HDFC Life Insurance to Buy, target price Rs 700
ICICI Securities has upgraded HDFC Life Insurance to buy and set a new target price of Rs 700. HDFC Life reported a consolidated total income of Rs 17,270.97 crore for the quarter ending December 31, 2024. The brokerage has factored in substantial growth and revised valuations, considering possible regulatory risks.
Buy REC, target price Rs 600: ICICI Securities
ICICI Securities recommends buying REC shares, setting a target price of Rs 600. REC, a large-cap company in the Term Lending Institutions sector, reported increases in both Total Income and net profit for the quarter ending 30-09-2024. REC aims for a 30% share in renewables by FY30, supported by strong macro tailwinds and expected capex.
Buy Dr Reddy's Laboratories, target price Rs 1,737: JM Financial
JM Financial has recommended buying Dr Reddy's Laboratories shares with a target price of Rs 1,737. The current price is Rs 1,325. The company reported a consolidated total income of Rs 8,345.70 crore in the latest quarter, a 5.87% increase from the previous quarter. They expect gRevlimid sales to reach $150 million in the third quarter of 2024.
Buy BSE, target price Rs 6,500: Motilal Oswal Financial Services
Motilal Oswal Financial Services has issued a buy call on BSE with a target price of Rs 6,500. Currently at Rs 5957.6, BSE has shown notable financial growth with a 21.45% rise in income compared to the previous quarter. The brokerage anticipates continued revenue growth through improved turnover ratios and stable platforms.
Buy Power Finance Corporation, target price Rs 550: ICICI Securities
ICICI Securities recommends buying Power Finance Corporation (PFC) with a target price of Rs 550, citing its strong financial performance and leadership in power financing, including in renewables. PFC reported a consolidated total income of Rs 25,754.73 crore for Q2 2024, up 4.12% from the previous quarter, with a net profit of Rs 7,214.90 crore.
Buy Kalpataru Projects, target price Rs 1,500: Motilal Oswal Financial Services
Motilal Oswal Financial Services recommends buying Kalpataru Projects International with a target price of Rs 1500. The company reported a 7.33% increase in consolidated total income for the quarter ending 30-09-2024. Future growth driven by a healthy pipeline, improving execution, and stable margins is expected. Promoters held a 35.24% stake as of September 2024.
JM Financial maintains Buy call on Just Dial, lowers target price to Rs 1220
JM Financial maintains a buy call on Just Dial with a revised target price of Rs 1220, down from Rs 1350. Current market price stands at Rs 907.85. The company, a mid-cap entity in the services sector, reported positive financial results and has plans to share profits with shareholders. Promoters hold 74.15% stake.
Motilal Oswal Financial Services upgrades Biocon to Buy, target price Rs 430
Motilal Oswal Financial Services has recommended a buy on Biocon, targeting a price of Rs 430. The company, a leader in the pharmaceuticals sector, recently reported a quarterly income of Rs 3622.90 crore and a net profit of Rs 27.10 crore. Anticipated growth in biologics sales and operational improvements are key rationales behind this recommendation.
Sell Trent, target price Rs 4,160: HDFC Securities
HDFC Securities has a sell recommendation on Trent with a target price of Rs 4160. Trent, a large cap retailer, reported an increase in revenue and net profit for the latest quarter. The firm expects strong growth for its brands and has revised financial forecasts. Promoters hold 37.01% while FIIs own 21.68% of the company.
Buy Ixigo, target price Rs 180: JM Financial
JM Financial recommends buying Ixigo shares, setting a target price of Rs 180 by March 2026. Ixigo, a growing OTA, reported a consolidated total income of Rs 210.92 crore for the quarter ended September 2024. The company is a market leader in train-ticketing and is expanding its position in flight and bus ticketing.
Buy Shriram Finance, target price Rs 700: Motilal Oswal Financial Services
Motilal Oswal Financial Services gives a buy call on Shriram Finance Ltd. with a target price of Rs 700. Shriram Finance has demonstrated a notable quarterly consolidated total income increase and future potential due to leveraging cross-selling opportunities. The current valuation is attractive, and Shriram Finance is a top NBFC sector pick.
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