Brokerages Issue Latest Stock Recommendations

Market Analysis: Brokerages Release Latest Stock Recommendations

Latest business updates indicate that several brokerages have issued their stock recommendations, focusing on companies like Nestle India Ltd., Titan Co., and Godrej Properties Ltd. These companies are expected to grow in the coming quarters. Let’s take a closer look at what the analysts are saying.

Nestle India: Positive Long-Term Outlook

Analysts at Jefferies maintain a ‘hold’ rating on Nestle India with a target price of Rs 2,350 per share. The company management appears positive about the long-term opportunities in India, focusing on new product launches, distribution expansion, and premiumisation. Morgan Stanley, however, maintains an ‘underweight’ rating with a lower target price of Rs 2,033, even though Nestle expects 60% of its growth to come from its core portfolio and aims to increase new product sales to 10%. Macquarie maintains a ‘neutral’ stance with a target price of Rs 2,250, highlighting the focus on premium products and the impact of inflation on milk and nutrition sales.

Titan Co.: Margin Worries Persist

Macquarie maintains an ‘outperform’ rating for Titan with a target price of Rs 4,150, noting a slight miss on Ebitda in Q3 due to weak watch margins. Morgan Stanley maintains an ‘overweight’ rating with a target price of Rs 3,876. They note lower profit growth due to custom duty-related losses in Q3. While analysts remain positive about Titan’s growth prospects, concerns about margins remain.

Godrej Properties: On Track for Growth

Bank of America retains a ‘buy’ rating on Godrej Properties with a target price of Rs 3,600, stating the company is on track to meet its FY25 growth outlook. Jefferies maintains a ‘buy’ rating but lowers the target price to Rs 3,525. Both brokerages highlight the company’s strong Q3 results, healthy property market, and positive response to new launches in multiple cities. Godrej Properties expects to end FY25 with strong yearly growth and awaits clarity on FY26 jewellery margin.

Other Notable Analyst Calls

Jefferies maintains an ‘underperform’ rating on Asian Paints and cuts the target price to Rs 2,000, citing demand pressures and competition. Morgan Stanley maintains an ‘overweight’ rating on Tata Power with a target price of Rs 583, despite a subdued Q3 performance. Goldman Sachs upgrades its ratings for oil marketing companies (OMCs) like IOCL, BPCL, and HPCL, expecting an improvement in their performance in FY26/27 due to capped crude oil prices and free cash flow recovery.

Market Updates Today

This market analysis provides the latest updates on stock recommendations and market trends today. Keep an eye on these developments for informed investment decisions.

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