The CLSA has downed Tata Motors to ‘outperform’ from ‘high guilty outperform’ with a target price of Rs 930 to Rs 765. Analysts stated that US tariff and Jaguar model deduction could leave JLR volume. They also see that ebit margin falls compared to FY25 and in the next financial year. However, free cash flow is expected to remain positive.
Citigroup has given a ‘cell’ call on AB fashion with a target price of Rs 260. Analysts hope that the company is not expected to raise M&A and money for the next 5-7 years. Management aims to improve profitability on development. The CO aims to loan a loan in the next 2-3 years. There is no indication with improvement in demand trends and no sign with high operations and financial existence, the impact on the development and profitability of the company will be the highest.
The UBS has downed to sell IndusInd Bank with a target price of less than Rs 600 before Rs 770. Analysts feel that Overhangs may rating the major concerns about their foreign currency derivative positions as well as the major de-clapping with major concerns.
Jeffers has a ‘buy’ rating on HDFC Bank with a target price of Rs 2,120. Analysts said that the bank has reported a Jan-March FY25 debt hike 5.4% compared to 3% in the October-December quarter. It reported an increase of 14% in the deposit amount on an annual basis.
Morgan Stanley has a ‘low weight’ call on Bank of Baroda with a target price of Rs 215. Analysts said the bank’s loan and deposit hike during the end end was in-line with the first management guidance. He said that he would closely track the bank’s margin progress on the upcoming quarterly results.
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