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Brokerage Reports: Buy ratings on M&M, IndiGo and 4 other stocks
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CNBC Awaaz•14-10-2026, 08:17
Brokerage Reports: Buy ratings on M&M, IndiGo and 4 other stocks
- •JPMorgan maintained a neutral stance on Tata Elxsi with a target price of 3200 rupees while cutting FY2028 and FY2029 earnings estimates by 10 to 11 percent.
- •ICICI Prudential Life Insurance received buy recommendations from HSBC, Nomura, and JPMorgan with target prices ranging up to 710 rupees.
- •HSBC issued a buy recommendation for Travel Food Services with a target price of 1567 rupees, citing expected revenue growth of 18 percent.
- •Prestige Estates received a buy rating from HSBC with a target price of 2050 rupees following strong second quarter pre-sales and customer collections.
- •Kotak Institutional Equities issued buy recommendations for IndiGo and Mahindra & Mahindra with target prices of 5900 rupees and 4000 rupees respectively.
Key Questions Answered
JPMorgan has maintained a neutral rating on Tata Elxsi with a target price of ₹3,200 after the company's second-quarter revenue and margins outperformed expectations.
Kotak Institutional Equities issued a buy rating with a ₹4,000 target on Mahindra & Mahindra, noting that recent dips from tractor slowdowns and SUV competition are temporary and new platforms in FY2027 will help regain market share.
HSBC expects Travel Food Services' Q2 revenue to grow about 18% driven by premium products and new business expansion, with plans to open 50 units in 12-15 months. However, uncertainty surrounding contract renewals at Kolkata and Chennai airports poses a major risk that could hit EPS by 15-20% if lost.
