Brokerage Firms' Top Picks: IndusInd Bank, Lupin, Aadhar Housing, Page Industries, and Eicher
Get the latest brokerage views on top stocks, including IndusInd Bank, Lupin, Aadhar Housing, Page Industries, and Eicher.
Indusind BankLupinAadhar HousingPage IndustriesEicherReal Estate NewsAug 09, 2024
Morgan Stanley on IndusInd Bank Overweight | Target price Rs 1,780
Morgan Stanley has maintained an Overweight rating on IndusInd Bank with a target price of Rs 1,780. The global brokerage firm anticipates that the share price will outperform the industry over the next 15 days. The recent stock correction was primarily due to weak volume growth and PPoP progression. However, the bank’s asset quality has remained strong in Q1, and it is confident in meeting its FY25 asset quality guidance. Morgan Stanley considers the current valuation to be attractive.
JP Morgan on Lupin Overweight | Target price Rs 2,400
The global brokerage firm JP Morgan has upgraded Lupin to Overweight from Neutral and raised the target price to Rs 2,400 from Rs 1,560. US momentum has accelerated, driven by strong pipeline execution. JP Morgan expects Lupin's core business margins (excluding FTFs) to improve by 400 basis points to 22% in FY27. They believe the company has further growth potential despite its significant outperformance.
Nomura on Aadhar Housing Buy | Target price Rs 550
Nomura has maintained a buy call on Aadhar Housing with a target price of Rs 550. The company reported healthy AUM growth of 21% year-on-year, although disbursement growth was lower due to an RBI circular. Spreads have expanded due to rising yields, coupled with controlled operating expense growth. Additionally, the company’s credit costs and asset quality have improved year-on-year.
UBS on Page Industries Buy | Target price Rs 44,000
UBS has maintained a buy rating on the stock with a target price of Rs 44,000. Although both revenue growth and margins were below estimates, better sales growth is expected in H2 FY25. Page Industries is likely to benefit from the substantial growth potential in the innerwear market.
Goldman Sachs on Eicher Buy | Target price Rs 5,600
Goldman Sachs has maintained a buy view on Eicher, raising the target price to Rs 5,600 from Rs 5,400. The Guerrilla launch and the upcoming new Classic represent potential upside. Higher export volumes are anticipated to benefit from the Guerrilla launch. Additionally, VECV is entering a period of lower taxes, which could boost earnings power by 2%.
Information
Morgan Stanley is a leading global financial services firm that provides investment banking, securities, investment management, and wealth management services.
JP Morgan is a global leader in financial services, offering solutions in consumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management.
Nomura is a Japanese financial services company that provides investment banking, securities, and asset management services.
UBS is a Swiss multinational investment bank and financial services company that provides wealth management, asset management, and investment banking services.
Goldman Sachs is a global investment banking, securities, and investment management firm.
These views are based on the research reports of the respective brokerage firms and are subject to change based on market conditions and other factors.
Frequently Asked Questions
What is the target price for IndusInd Bank according to Morgan Stanley?
Rs 1,780
Why has JP Morgan upgraded Lupin to Overweight?
Due to strong pipeline execution and expected improvement in core business margins.
What is the growth potential for Page Industries according to UBS?
Substantial growth potential in the innerwear market.
What is the expected benefit for VECV from the Guerrilla launch according to Goldman Sachs?
Higher export volumes and potential upside from the new Classic launch.
What is the target price for Eicher according to Goldman Sachs?
Rs 5,600
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