A host of stocks will be on investor radar today as top brokerages released fresh reports post Q4 earnings and sector updates.
Vodafone Idea: underperform / neutral / buy
Macquarie has an Underperform call on Vodafone Idea with a target of ₹6.5. The brokerage flagged a soft Q4, subscriber erosion and higher interest burden. It sees challenges in further equity infusion by the government.
JP Morgan is Neutral with a target of ₹8, noting broadly in-line Q4 results but capex below estimates. The company is pursuing a ₹20,000 crore equity fundraise.
UBS remains Buy with a target of ₹12.10, though noting Q4 miss and market share losses. It will monitor fundraising, capex, and 5G rollout.
Nykaa (FSN Ecom): hold / sell / neutral
HSBC downgraded to Hold with a target of ₹200, flagging limited clarity on fashion business break-even.
Citi maintained Sell with a target of ₹160, citing weak fashion segment margins despite broad-based BPC growth.
Nomura remains Neutral with a target of ₹216, positive on BPC and awaiting better margin trends in fashion.
Apollo Hospitals: neutral / overweight / buy
Nomura has a Neutral call with a target of ₹6,856, noting in-line revenues but PAT 19% above estimates.
Morgan Stanley is Overweight, trimming target to ₹8,058, bullish on patient-centric model and new bed additions.
Citi reiterated Buy with a target of ₹8,260, positive on core healthcare margins and pharmacy growth.
Bharti Airtel: buy
Jefferies reiterated Buy with a raised target of ₹2,370 (CMP: ₹1,859.70). It sees 30%+ rerating potential on subscriber premiumisation, falling capex intensity, and robust revenue CAGR of 14-17%.
Mahindra & Mahindra: buy
UBS reiterated Buy with a target of ₹3,700, projecting 15-18% SUV volume growth, positive exports outlook, and upcoming EV launches.
IndiGo (InterGlobe Aviation): buy
Jefferies maintained Buy with a target of ₹6,300. It highlighted first-mover advantage at the Navi Mumbai International Airport and international expansion into Europe, Central Asia, and Southeast Asia.
Astral: hold
Jefferies has a Hold call with a target of ₹1,565 (CMP: ₹1,500.10), flagging rich valuations after a 17% rally, with current PE 25% above long-term average. It expects 14-19% earnings CAGR.
Sun TV: hold
CLSA reiterated Hold with a target of ₹655. FY25 revenue missed estimates due to 4% YoY ad revenue decline. IPL revenue fell 3% YoY. CLSA cut estimates but expects 9% earnings CAGR through FY28.
Colgate-Palmolive: overweight
JP Morgan reiterated Overweight on Colgate with a target of ₹2,750. It expects back-ended revenue growth in FY26, with margins holding steady. The brokerage is positive on Colgate’s category development, premiumisation, innovation, and sees enhanced distribution execution as a key driver.
Cement sector: positive
Nomura highlighted significant price hikes in South India, up ₹19/bag MoM, driving pan-India average price gains of ₹12/bag QoQ in Q1FY26. The firm remains constructive on earnings outlook.
Indian steel sector: mixed
Morgan Stanley said Indian steel is still 15% more expensive than imported steel. Imports have declined recently but may rise again. A rally in Indian steel stocks is driven by strong local demand, with positive signals from China reducing steel supply.
Indian economy: positive but cautious
Morgan Stanley also issued an update on India’s macro outlook, noting 7.4% GDP growth and 6.8% GVA, both above expectations. Industrial activity is robust but growth could moderate due to weak global demand and policy risks.
Disclaimer: This article is for informational purposes only and does not constitute investment advice.
