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Brokerage Reports on Suzlon, DMart, and More: Check Target Prices and Recommendations
- •CLSA gives an outperform rating for Avenue Supermarts with a target of Rs 5,723, while Jefferies sets a target of Rs 4,000 and Motilal Oswal assigns a neutral rating with a target of Rs 3,925.
- •Suzlon Energy receives a buy call from Motilal Oswal with a target price of Rs 65, supported by strong order books and upcoming factory expansions.
- •CLSA assigns an outperform rating on IRB Infrastructure with a target price of Rs 34.50, noting strong toll revenue growth.
- •Macquarie maintains an outperform rating on Hitachi Energy with a target price of Rs 38,500, driven by opportunities in the power transmission sector.
- •CLSA highlights attractive valuations in the auto sector and maintains a positive stance on Mahindra & Mahindra.
Key Questions Answered
Brokerage firms hold mixed views on DMart despite a 9.5 percent growth in same-store sales. CLSA has issued an outperform rating with a target of ₹5,723, whereas Jefferies lowered its target to ₹4,000 with a hold rating. Additionally, Motilal Oswal assigned a neutral rating with a target price of ₹3,925 after the company expanded its store count to 518.
Motilal Oswal maintains a buy rating on Suzlon Energy with a target price of ₹65. The brokerage noted that the stock dropped about 31 percent over three months and trades at 17.5 times its estimated FY28 earnings per share. Driven by strong second-half delivery expectations of 2.1 GW and robust order books, EBITDA is projected to grow at an average annual rate of 22 percent from FY26 to FY28. Furthermore, foreign brokerage UBS previously highlighted Suzlon's strategy to capture a 40 percent share in wind energy projects.
CLSA assigned an outperform rating to IRB Infrastructure with a target price of ₹34.50. The positive outlook is supported by a rise in second-quarter FY27 toll revenue growth to 12 percent, alongside an 11 percent increase in toll collections on the Mumbai-Pune Expressway. Furthermore, same-store toll revenue under the company's InvIT increased by 13 percent, with potential wholesale inflation up to 6 percent expected to drive higher toll rates in FY28.
