Stories
Brokerage Reports: 11 Stocks from UltraTech to IndiGo – Opportunities and Risks Revealed
- •HSBC, Jefferies, and DAM Capital have released brokerage reports on 11 companies across cement, power, solar, wire, airport, port, railway, paint, and airline sectors.
- •HSBC gives a 'Buy' call on UltraTech Cement with a target of ₹14,200, expecting the company to achieve its targets without sacrificing profitability for market share.
- •Jefferies issues an 'Underperform' call on Tata Power with a ₹335 target, citing concerns despite the company's renewable energy capacity addition goals.
- •Emmvee and KEI Industries receive 'Buy' calls from Jefferies, with Emmvee poised for growth from solar demand and KEI Industries benefiting from strong domestic and export markets.
- •JSW Energy, GMR Airports, JSW Infra, Titagarh Rail, Grasim, and IndiGo also receive 'Buy' calls, while Ramco Cements finds new opportunities with quartzite discovery.
Key Questions Answered
HSBC has issued a 'Buy' rating on UltraTech Cement with a target price of ₹14,200 per share, disagreeing with concerns that the company is sacrificing profits for market share. The brokerage expects September cement price hikes to help pass on variable cost burdens, keeping UltraTech on track to meet its March 2028 targets with a valuation premium due to its strong scale.
Jefferies assigned an 'Underperform' rating to Tata Power with a ₹335 target price. While the company maintains a 2.5 GW renewable energy capacity addition goal for FY27 and strong rooftop solar prospects, the brokerage remains cautious regarding execution concerns and its Mundra power plant.
Jefferies maintained a 'Buy' call on IndiGo with a target price of ₹5,840 per share. The brokerage highlights that the aviation industry is prioritizing profits amid rationalization, supported by high ticket prices and stable second-quarter capacity guidance.
