Stock Picks Today: Analyst Calls on Top Indian Companies
Indian markets are abuzz with activity as various brokerage houses have shared their insights and revised target prices for several key companies. In this article, we will delve into the key analyst calls to watch out for today, including those on Trent Ltd., Bank of India Ltd., Interglobe Aviation Ltd., Bank Of Baroda Ltd., and LTIMindtree Ltd.
Trent Ltd.: Analyst Calls and Target Price Revisions
Goldman Sachs has maintained a neutral stance on Trent Ltd. while cutting its target price to Rs 5,300 from Rs 5,600. The brokerage house cites a slowdown in sales growth, which could be attributed to lower sales throughput of stores in new tier 2+ cities. Additionally, Goldman Sachs has lowered its FY26-28 EPS estimates by 5%, driven primarily by a cut in sales growth estimates.
On the other hand, UBS has maintained a buy call on Trent Ltd. with a target price of Rs 6,200. The brokerage house notes that the company’s Q2 growth of 17% year-over-year marks a weakening trend after a lackluster 20% growth in Q1. However, UBS views this as a cyclically weak phase for the high-growth company and expects growth acceleration going forward to serve as a key catalyst.
Bank of India Ltd.: Analyst Calls and Target Price Revisions
Morgan Stanley has maintained an overweight stance on Bank of India Ltd. with a target price of Rs 6,359. The brokerage house notes that the company’s Q2 performance was notable, with standalone revenues growing 17% year-over-year, albeit lower than Morgan Stanley’s estimate of a 25% rise. Additionally, Westside had 13 net new store openings, the highest in the past five years.
Equirus, on the other hand, has downgraded Bank of India Ltd. to reduce from add, cutting its target price to Rs 4,474 from Rs 5,759. The brokerage house cites signs of growth fatigue and expects valuation multiple compression ahead.
Interglobe Aviation Ltd.: Analyst Calls and Target Price Revisions
Citi has maintained a buy call on Interglobe Aviation Ltd. with a target price of Rs 7,100. The brokerage house notes that the demand outlook remains positive for the industry, with moderation in Q2 primarily due to lower supply rather than weak demand. Additionally, IndiGo is focusing on international routes, including long-haul, and plans to connect smaller cities to the international network.
LTIMindtree Ltd.: Analyst Calls and Target Price Revisions
Jefferies notes that Eli Lilly has announced plans to invest $1 billion in India, which is expected to strengthen the country’s growing CRDMO presence and drive 6-8% incremental growth in the sector over the next seven years.
Kotak Securities has maintained a reduce call on LTIMindtree Ltd. with a target price of Rs 5,000. The brokerage house notes that the company has announced its largest-ever digital transformation deal, which has a balance between renewal and new components. However, Kotak Securities believes that this is already captured in an expensive valuation.
Bank Of Baroda Ltd.: Analyst Calls and Target Price Revisions
Macquarie notes that Bank Of Baroda Ltd. faces two issues in Q2: sharp margin compression and weak loan growth. However, the brokerage house believes that the YES Bank stake sale could provide some cushion, and credit costs are likely to remain elevated.
Indian Markets Today: Nifty, Sensex, and Top Stocks in Focus
Indian markets are expected to remain volatile in the coming days, with various factors such as Q2 earnings, macroeconomic data, and global cues influencing investor sentiment. Nifty today and Sensex news will be closely watched by investors, and any significant movements in these indices could have a ripple effect on the broader market.
In conclusion, today’s analyst calls on Trent Ltd., Bank of India Ltd., Interglobe Aviation Ltd., Bank Of Baroda Ltd., and LTIMindtree Ltd. provide valuable insights for investors looking to make informed decisions. By staying up-to-date with the latest Indian stock market news and analysis, investors can navigate the complex and dynamic world of finance with confidence.
