Citygroup has a purchase rating on Bharti Airtelwith, which is a target price of Rs 1,980. Analysts stated that Jan-Mercury quarterly number had reduced relatively compared to 1.3% on the quarter of 1.3% with India’s mobile development compared to recent quarters, mainly due to seasonal factors.Telecom services increased by 4% in Major’s India and Integrated Pure Debt quarter, mainly due to India’s increase in capexes and cash outgo towards 5% stake increase in Airtel Africa.CLSA has a target of Rs 805 with a target price on Tata Motors. Analysts said JLR’s Jan-March EBIT margin was estimated at 10.7% and was largely above the October-December quarter. Its commercial vehicle business, including PLI benefits, Ebitda Margin came at 12.2%. The India passenger vehicle business reported 60 basis points in the quarter, 7.9%Ebitda margin under the leadership of better product mixture and interest of PLI encouragement.Morgan Stanley maintained his overweight rating on Gayle with a target price for Rs 248. Analysts said that India’s demand for gas is turning into a lot of disqualified prices. They see 10% reverse for FY26 estimates with telwinds from four new pipelines, new LNG sourcing contracts and regulatory structure changes. They also feel that petrochemical investment should be improved by expectations as the cost of gas falls and new investment gives fruits.Motel Oswal has a neutral rating with a target price of Rs 1,501 on Cipla of Financial Services. Analysts said that the earning approach after a strong show at FY21-25 is moderate. The company reported at least an intake of revenue/ebitda in the public quarter. The annual growth of Cipla in India’s business improved for the second consecutive quarter, led by a stable execution in chronic therapy and a strategic reset in the trade generic segment. The company’s business of North America reached a high -time high -annual revenue, with a healthy contribution to differentiated assets.Emkay Global Financial Services maintained its purchase rating on Tata Steel with a target price for Rs 185. Analysts said that the company posted an integrated adjusted Ebitda to suit estimates. However, it was due to 9.1% gradually low feeling that was partially offset by high delivery in areas and low coking coal costs in India and Netherlands.Disclaimer: The opinion, analysis and recommendations expressed here are of brokerage and do not reflect the views of the Times of India. Always consult a qualified investment advisor or financial planner before taking any investment decision.
