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UBS has downgraded Eicher Motors to ‘neutral’ from ‘buy’ with a revised value goal of Rs 5,650 (+14%) from Rs 5,950 earlier. In the Oct-Dec quarter, the two-wheeler main missed margins by a major hole. Analysts mentioned that its margin miss was pushed by greater launch bills, extra advertising in the course of the festive season and a weaker combine. Also, Eicher’s share value has considerably outperformed the two-wheeler pack since March 2024, and its premium to different 2W OEMs has risen considerably and is now in keeping with the past-five-year imply.
Nirmal Bang Institutional Equities has a ‘buy’ suggestion on Apollo Tyres with a goal value of Rs 529 (+27%). Analysts mentioned their constructive stance on the stock hinged on bettering margin and home quantity outlook, the corporate’s determination to enter new export markets, its outperformance within the EU and reasonable capex depth, and general bettering return ratios.
Nuvama has a ‘buy’ suggestion on Escorts Kubota with a goal value of Rs 3,800 (+21%). Analysts count on a income CAGR of 15% over FY25–27E, led by Global Kubota (GK)’s help and home tractors’ development. GK’s help is probably going within the type of opening of export alternatives and product growth help.
Axis Securities has a ‘buy’ suggestion on Aurobindo Pharma with a goal value of Rs 1,500 (+31%). Analysts really feel income will increase in European, the expansion markets, and ARV segments had been offset by declines within the US and API segments. The firm has allotted Rs 7,000 crore in capex over the previous two years, specializing in areas reminiscent of Biosimilars and Pen-G (API). The firm’s future valuations will largely hinge on the return on invested capital generated from this important funding.
Emkay Global Financial Services has a ‘buy’ suggestion on Nalco with a value goal of Rs 275 (+505). Analysts mentioned Nalco posted a strong quarterly efficiency, with the earnings beat led by greater alumina export volumes, whereas benefiting from elevated alumina costs. They mentioned that the progress on the alumina refinery venture has slowed, with the corporate delaying it by three months. For This autumn, regardless of the current correction in alumina costs, we count on Nalco to ship a robust efficiency given the one-month lag in value realizations in addition to higher averaging impact. On stability, our Nalco funding case stays properly in form and we see the current correction as an entry alternative into the stock.
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