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J P Morgan has maintained its ‘overweight’ recommendations on Swiggy with a target price of Rs 730 (+51%) and Zomato with a target price of Rs 340 (+40%). Analysts see current share prices as attractive entry points for both the stocks. They also have positive views of the two companies about their ramp-up strategies for dark stores for quick commerce play.
CLSA has an ‘outperform’ call on HDFC Life with a target price of Rs 690 (+8%).
Saif Ali Khan Health Update
Analysts believe the life insurer’s financial performance is healthy, but weak sentiment could persist. There was a growth slowdown in the third quarter. They feel the company has shown good financial performance amid a chaotic regulatory landscape.
HSBC has given a ‘buy’ call on L&T Technology Services with a target price of Rs 6,000 (+14%). Analysts feel that the Oct-Dec quarter was a decent one with marginal downward revision in FY25 guidance, which is challenging. They feel the company has one of best ER&D capabilities in the sector and the stock is available at a reasonable valuation to its peers.
Morgan Stanley has an ‘overweight’ rating on Mahanagar Gas with a target price of Rs 1,606 (+24%). Analysts believe it’s a play on increasing miles traveled in Mumbai. They also expect conversions of four-wheeler into CNG-run ones will increase at a fast pace. They see attractive risk-reward opportunities in the stock at the current price.
JM Financial Institutional Securities has a ‘buy’ rating on PVR Inox with a target price of Rs 1,600 (+48%). Analysts feel that the recent underperformance of the stock was mainly because of selling by arbitrage funds as it’s going out of the F&O list of stocks eligible for trading in that market segment. They believe the fall presents an attractive entry level in the stock. Strong movie pipeline of 2025 and absence of specific headwinds (General Elections, T20 world cup) should improve footfall.
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