[ad_1]
Goldman Sachs has a ‘sell’ call on Asian Paints with a target price of Rs 2,275. Analysts said October-December quarter was below estimates, as EBITDA and margins declined, driven by negative operational leverage impacted by increase in staff costs. The paints major’s revenue decline worsened, driven by deteriorating mix. They feel near term demand likely to remain subdued and it has to withstand the impact of increased competitive intensity.
HSBC has a ‘buy’ recommendation on Godrej Properties with a target price of Rs 3,700 (+61%). The real estate major’s Oct-Dec pre-sales were below estimates due to some missed launches but the company remains confident of meeting its FY25 guidance. Analysts expect an upcycle driven by strong margins and higher bookings.
CLSA has an ‘outperform’ recommendation Indraprastha Gas with a target price of Rs 220 (+7%). Analysts said that the company has not increased CNG prices in Delhi for over three months while its peers MGL and Gujarat Gas have already raised prices by 2-4%. After the Delhi elections, now the window opens up for IGL to raise CNG prices by 4%. This may limit any impact on IGL’s volume growth.
Jefferies on has maintained its ‘buy’ recommendation on Gateway Distriparks but with a target price of Rs 100 (+32%) from Rs 110 earlier. Analysts said that industry volume growth was weak during the Oct-Dec quarter. They expect the company’s EBITDA could rise 5-20% over FY25-27. They also believe rail container volume growth will revert from the next quarter.
Morgan Stanley has an ‘overweight’ recommendation on Titan with a target price of Rs 3,876 (+11%). Analysts said during the Oct-Dec quarter, there was a slight miss on Titan’s jewellery margins while Caratlane margins rose sharply.
Disclaimer: The opinions, analyses and recommendations expressed herein are those of brokerage and do not reflect the views of The Times of India. Always consult with a qualified investment advisor or financial planner before making any investment decisions.
[ad_2]
Source link
