Tata Motors of Bofa Securities has a ‘neutral’ rating with a target price of Rs 735. In a conference call, analysts said, the company’s CFO indicated that it was early to react to the tariff required by the US, but the supply chain was unlikely to be rethinking. The company’s mitigation scheme includes premiums, costs, pricing and developing other markets. He also feels that the company’s damage will unlock.
Jefferies has a ‘purchase’ rating at GMR airports with a target price of Rs 92. Analysts said that the authorities have issued tariff orders for FY 25-FY 29 of the company’s Delhi Airport. The final aero tariff is broadly suggested in a recent consulting paper, with a growth of 148% in yield/packs. Tariff order results improve visibility on profitability, analysts said.
CLSA has a ‘outperform’ rating on HAL with a target price of Rs 4662. Analysts said the company won its largest order of Rs 62,700 crore for lightning helicopters, which would add 53% to the company’s order and improve decadel growth. HAL trades trades global aerospace on a qualified premium for peers, which gives its make up in pipeline and market access to India.
HSBC has a ‘purchase’ rating on Bharti Airtel with a target price of Rs 1,985. After its recent management meeting, analysts stated that the company’s growth liver was intact, including the growing mobile Arpu, expanding home broadband customers, increasing free cash flow and increasing dividends. During the management meeting, the major discussion point was at the possible time of the next tariff growth.
Citigroup has placed a ‘buy’ rating on Vodafone Idea with a target price of Rs 12, announced by the company that the government has converted its outstanding spectrum dues to equity. Analysts see it as a major performance of support by the government at a very timely support, which should provide significant cash flow relief to the company over the next three years and help it to complete its bank loan.
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