Several prominent brokerages have updated their stock ratings and target prices following quarterly earnings and operational updates. Here are key stocks in focus today based on brokerage views:
Nippon Life:
Motilal Oswal (MOSL) has reiterated its “Buy” rating on Nippon Life with a target price of ₹750. The brokerage highlighted that the company’s market share continues to expand, with overall mutual fund quarterly average assets under management (QAAUM) growing 29% year-on-year to ₹5.6 trillion. Despite market volatility, SIP inflows are moderating at an industry level.
TVS Motors:
Nuvama retained a “Buy” rating on TVS Motors while raising the target price to ₹3,200 from ₹3,100, citing strong PLI benefits and margin improvements. Citi, however, maintained a “Sell” rating, though it raised the target price to ₹2,050 from ₹1,800, noting that while Q4 results were above expectations, broader valuation concerns persist.
UltraTech Cement:
Brokerages showed mixed views on UltraTech Cement.
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Nuvama maintained a “Hold” rating but raised the target price to ₹11,859 from ₹11,574, citing in-line performance and sustained growth expectations.
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Antique retained a “Buy” rating with an unchanged target of ₹12,800, focusing on expected cost savings of over ₹300/ton between FY25 and FY27.
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Jefferies maintained a “Buy” rating and hiked its target price to ₹14,000 from ₹13,265, highlighting healthy EBITDA growth after three consecutive quarters of decline.
IndiGo:
HSBC maintained a “Buy” rating on InterGlobe Aviation (IndiGo) with a target price of ₹5,975. The brokerage noted that the recent Pakistan airspace closure would have a limited impact, affecting only about 4% of IndiGo’s total capacity.
IGL (Indraprastha Gas Limited):
Antique maintained a “Sell” rating on IGL with a target price of ₹164, citing weak core margins and disappointing volume growth. The brokerage forecasts earnings per share (EPS) growth of only about 4.2% CAGR over FY25–27.
