Stories
Brokerage Reports: Explosive Insights on 9 Stocks Including Vodafone Idea, Tata Steel; Buy or Sell?
- •Nomura highlights Vodafone Idea's new plan strategy, including free international roaming with postpaid plans starting from ₹501.
- •HSBC notes India's HRC retail price rose 10% in three months; recommends 'Buy' on Tata Steel and JSW Steel.
- •Bernstein gives PB Fintech an 'Outperform' call with a ₹2,310 target, but warns of potential earnings impact from proposed insurance framework.
- •Nomura issues a 'Buy' call on Allied Blenders, expecting improved margins from higher-priced brands and in-house production.
- •Nomura recommends 'Buy' on GE Shipping, citing ₹8,000 crore cash that could fund new ship acquisitions during declining prices.
- •Nomura maintains 'Buy' on Dr. Reddy's, awaiting US drug regulator approvals for its biologics plant and a decision on Abatacept IV biosimilar in December.
- •Nomura advises 'Buy' on Petronet LNG, noting its Kochi terminal utilizes only 25% of its capacity due to limited pipeline connectivity.
- •CLSA gives NTPC an 'Outperform' call, focusing on its long-term expansion into renewables, battery storage, and nuclear power.
- •JPMorgan rates Swiggy 'Overweight', expecting double-digit growth for Instamart which prioritizes sales over immediate margins.
Key Questions Answered
Nomura highlighted that Vodafone Idea has introduced free international roaming with postpaid plans starting from ₹501, along with prepaid and enterprise plans starting from ₹451. This unique mass-market move is designed to help the company attract premium customers away from competitors like Airtel and Jio.
CLSA has given an outperform call on NTPC with a target of ₹459, focusing on its planned capital expenditure of ₹17.8 lakh crore. The company targets reaching 149 GW by FY2032 and 244 GW by FY2037, driven by renewable energy, battery storage, and nuclear power.
JPMorgan gave an overweight call on Swiggy with a ₹360 target, noting that Instamart is prioritizing sales growth over margins with a contribution margin guidance between -1% and zero for the next few quarters. To break even at the adjusted EBITDA level, Instamart needs to grow its business about two and a half times and raise its contribution margin to 4%.
