Page 6 - Stock Analysis

ICICI Sec starts with Buy on Orkla India; regional brands, exports in focus

he brokerage has initiated coverage with a 'Buy' rating and a target price of ₹800, on the back of improving margins, strong cash flows and scope for selective acquisitions.

Ambuja, Orient, ACC shares soar on merger; analysts see synergies boost

Post-merger, analysts reckon Ambuja Cements will emerge as one of the largest cement companies in India by capacity

Aarti Industries stock set to rise? PL Capital upgrades to 'Accumulate'

PL Capital has maintained the target price at ₹403 for Aarti Industries, valuing the stock at 24 times September 2027 estimated earnings per share (EPS)

InCred Equities upgrades Tata Elxsi stock to 'Hold', lifts target to ₹5,639

The automotive business unit, which contributes around 53 per cent of Tata Elxsi's revenue, is seeing signs of stabilisation.

Why did Geojit downgrade Astra Microwave to 'Accumulate'? Check target

Analysts at Geojit valued the Astra Microwave stock at 35x FY28 estimated earnings per share (EPS), with a target price of ₹1,067

Brokerages cheer Motherson's Nexans auto deal, see global PV wiring upside

Nomura, in a note, said the acquisition marks SAMIL's formal entry into the global PV wiring harness segment outside India, an area where the group previously had limited exposure.

Kajaria Ceramics flags fraud at bathware arm; brokerages see limited impact

Kajaria Ceramics has terminated the concerned executive, filed a police complaint, initiated recovery efforts, and indicated it may commission a forensic review

ICICI Securities sees strong outlook for Aditya Infotech; retains 'Buy'

The brokerage believes Aditya Infotech will continue to gain market share, supported by rising brand equity, manufacturing expansion, and favourable regulatory norms

Why Varun Beverages' Twizza acquisition could be a game changer in Africa

Varun Beverages shares gain after acquiring South Africa's Twizza. Analysts see market share gains, and attractive valuation providing upside potential for VBL stock

Earnings upgrade ahead for Shriram Finance as MUFG deal boosts capital base

MUFG Bank's Rs 39,620 crore preferential investment could lift Shriram Finance's capital ratios, support faster AUM growth and a rating upgrade, though RoE may dilute near term

Antique sees stable FY26 for KPR Mill; garment, ethanol to drive growth

The brokerage expects KPR Mill to post around 12 per cent year-on-year (Y-o-Y) revenue growth in FY26, with operating margins also likely to remain broadly unchanged.

Analysts see MUFG's 20% stake buy as game-changer for Shriram Finance

According to Emkay, the deal has the potential to "alter Shriram Finance's growth and profitability trajectory" in several ways

Radico Khaitan premium push intact; Antique raises target to ₹3,800

Antique believes Radico's flagship premium whisky brand After Dark is on track to clock 3.5 million cases in FY26, up sharply from 1.9 million cases in FY25.

HDFC Securities sees delayed growth recovery at Voltas; retains 'Add' call

HDFC Securities has maintained its Add rating on Voltas, valuing the company using a sum of the parts (SOTP) approach, implying 40 times March 2028 EPS, to arrive at a target price of ₹1,430 per share

Volume, margin concerns likely to weigh on beer maker United Breweries

In the September quarter, the company's gross margins shrunk 104 basis points year-on-year to 42.8 per cent on account of an adverse product mix and inter-state transfer

Elara Securities sees up to 60% upside in BEML stock price; here's why

Elara Securities has maintained a 'Buy' on the stock, citing expected double-digit earnings growth during FY25-28E, and a rising order pipeline ensuring steady revenue visibility

Why Motilal Oswal sees Indus Towers' risk-reward as 'uncompelling' at CMP?

"While any potential relief for Vodafone Idea (Vi) is sentimentally positive for Indus Towers, we believe risk reward is uncompelling at the current market price," Motilal Oswal said

YES Sec turns bullish on Godawari Power; upgrades to 'Add'; raises target

YES Securities has also raised its target price on Godawari Power & Ispat to ₹277 per share from its previous ₹261

Nuvama trims Voltas FY26-27 earnings estimates amid demand woes

Voltas management has indicated that Q3FY26 trends are in line with internal expectations, with most sales still driven by products under the old energy rating table.

Q3 sales recovery, easing costs to drive gains for Godrej Consumer Products

Emkay Research points out that GST cuts have boosted consumer sentiment, and growth benefits are likely to be visible going ahead