Recos
Equal Weight on Trent, target price Rs 6,570: Axis Securities
Axis Securities gives Trent an equal weight rating with a target of Rs 6,570. Trent, with a market cap of Rs 170,905.93 crore, reported a strong performance with a 32.95% increase in total income YoY in Q4 2024. Trent’s expansion and strategic initiatives are expected to drive growth. Promoters hold 37.01% stake.
I-Sec downgrades IndusInd Bank to Reduce, lowers target price to Rs 850
ICICI Securities has downgraded the rating of IndusInd Bank from Buy to Reduce, setting a new target price of Rs 850. The bank's current market price is Rs 720.5. This decision was influenced by concerns over potential management changes and an expected period of slow growth. IndusInd Bank's key products include interest and income from investments.
Buy Star Cement, target price Rs 240: HDFC Securities
HDFC Securities has recommended buying Star Cement with a target price of Rs 240. Currently priced at Rs 204.45. Star Cement, a Mid Cap company in the Cement sector, reported a 12.14% quarterly income increase. Strong in NE region with low-cost green power, fuel cost reduction, and expansion plans, it’s expected to maintain industry-leading margins.
Buy Fortis Healthcare, target price Rs 693: Axis Securities
Axis Securities has issued a buy call on Fortis Healthcare with a target price of Rs 693. Currently valued at Rs 625.85, the Mid Cap company reported a net profit of Rs 252.24 crore for Q3 2024. The firm focuses on profitable growth, targeting 14-15% revenue growth in its hospital business and aiming for a 25% long-term EBITDA margin.
Hold Inventurus Knowledge Solutions, target price Rs 1,820: ICICI Securities
ICICI Securities advises holding Inventurus Knowledge Solutions with a target price of Rs 1,820. The company's growth hinges on cross-selling to Aquity's 800 new clients and reducing Aquity's client count to focus on enterprise clients. Key risks include M&A delays and AI disruptions. Revenue and EPS CAGRs for FY25-28 are modeled at 20% and 34% respectively.
Overweight on Hero MotoCorp, target price Rs 5,285: Axis Securities
Axis Securities has an overweight call on Hero MotoCorp with a target price of Rs 5285, noting Hero's strategies in the EV market and international expansion. Financials show a consolidated total income of Rs 10566.31 crore for the latest quarter and a net profit of Rs 1200.12 crore. Risks include macroeconomic uncertainty and increased competition.
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Buy Chalet Hotels, target price Rs 960: JM Financial
JM Financial recommends buying Chalet Hotels with a target price of Rs 960, given its strong performance in the last quarter with a 21.21% increase in total income. Chalet Hotels, a mid-cap company in the Tourism & Hospitality sector, has also seen significant growth driven by economic trends and a strong propensity for travel.
Equal Weight on HCL Technologies, target price Rs 2,175: Axis Securities
Axis Securities rates HCL Technologies with a target price of Rs 2,175. The current market price is Rs 1,569.35. HCL Tech has strong revenue visibility due to long-term contracts but faces challenges from economic uncertainties. Promoters hold a 60.81% stake, while FIIs own 19.38% and DIIs 15.16% as of 31-Dec-2024.
Buy Maruti Suzuki, target price Rs 14,839: HDFC Securities
HDFC Securities recommends buying Maruti Suzuki India, setting a target price of Rs 14,839. The shift in company strategy, including aggressive new model launches and potential benefits from global EV production, could regain market share. Maruti Suzuki's Consolidated Total Income for the recent quarter is reported at Rs 39,822 crore, with a net profit of Rs 3,659.80 crore.
Buy PDS, target price Rs 790: JM Financial
JM Financial maintains a buy call on PDS with an unchanged target price of Rs 790. The current market price is Rs 449.6. PDS aims for $3 billion GMV over 3 years and 3% PAT by FY27. Expected demand growth in FY26 and FY27, along with strategic acquisitions and diversification, support the positive outlook.
Equal Weight on Cholamandalam Investment & Finance, target price Rs 1,650: Axis Securities
Cholamandalam Investment & Finance Company, a Large Cap NBFC, is projected for robust growth with AUM/NII/Earnings expected to grow at 27/27/28% CAGR over FY25-27E. Current share price is Rs 1465.9, and Axis Securities targets Rs 1650. The company reports a total income of Rs 6836.76 crore and net profit of Rs 1087.14 crore for Q3 2024.
JM Financial has a Buy on SBI Life, revises target price to Rs 1,700
JM Financial recommends buying SBI Life Insurance Company with a revised target price of Rs 1,700. The current price is Rs 1429.8. SBI Life has reported a slowdown but is expected to see significant growth. The company aims for a 15.2% growth in the upcoming years. Promoters hold 55.38% stake.
Overweight on Bharti Airtel, target price Rs 1,900: Axis Securities
Axis Securities gives an overweight call to Bharti Airtel with a target price of Rs 1,900, citing superior margins, impressive subscriber growth, and increased 4G conversions. Bharti Airtel, a major player in the Telecommunications sector, reported significant financial gains with a Q3 consolidated total income rise to Rs 45,599 crore and a net profit of Rs 14,474.9 crore.
Buy Sharda Cropchem, target price Rs 730: Anand Rathi
Anand Rathi maintains a buy rating on Sharda Cropchem, targeting Rs 730. The company, which operates in the Pesticides/Agro Chemicals sector and has a market cap of Rs 5146.18 crore, reported a 15.90% boost in consolidated income last quarter. They foresee a positive revenue/EBITDA/PAT growth over FY25-27. Risks include geopolitical tensions and forex movements.
JM Financial maintains Buy on HDFC Life, lowers target price to Rs 800
JM Financial recommends buying HDFC Life Insurance Company shares with a target price of Rs 800. HDFC Life's current market price is Rs 618.95. The company has shown promising growth potential with significant earnings expectations over FY25-FY27. Promoters hold 50.32% stake, and noticeable participation by FIIs and DIIs enhances its investment outlook.
Equal Weight on HDFC Bank, target price Rs 2,000: Axis Securities
Axis Securities has an equal weight rating on HDFC Bank with a target price of Rs 2,000. HDFC Bank’s recent financials reflect a slight decline in total income, yet the bank maintains a solid net profit. Key drivers include improving NIMs, controlled costs, and strong asset quality. Risks involve potential slowdown in credit momentum and deposit mobilization challenges.
