6 days Ago By NDTV Profit Research
Interglobe Aviation Ltd., Ajanta Pharma Ltd. and NTPC Ltd.
were among the top companies on brokerages' radar on Tuesday.Further, Jefferies expects more banks to announce deposit rate cuts. This follows HDFC Bank Ltd.
's rate cut of 25 bps and State Bank of India's 10-20 bps cut in the term deposit rate for 1-3 years. This, according to the brokerage, is key to easing risk on NIMs.In addition, Goldman Sachs has upgraded its year-end gold price forecast to $3,700/tom from $3,300.
NDTV Profit tracks what analysts are saying about various stocks and sectors. Here are the analyst calls to keep an eye out for on Tuesday.MOSL on IndiGoMotilal Oswal has upgraded IndiGo to a 'Buy' rating from Neutral and increased the target price to Rs 6,550 from Rs 5,050.
IndiGo is considered the best play on domestic consumption.The company is expected to benefit from the upswing in the Indian aviation sector.Strategic initiatives have been key to driving profitability.
Multiple factors have helped IndiGo maintain profitability over the past two years.These factors are expected to continue supporting its performance in the years ahead.Jefferies on Ajanta PharmaJefferies has initiated coverage on Ajanta Pharma with a buy rating and a target price of Rs 2,850.
The company’s tailored strategy and strong execution in high-entry-barrier markets are seen as key strengths.Its ability to launch unique products ahead of peers is critical to its success in India.Growth in Asia and Africa is driven by a strong ground presence and a customised product portfolio.
Jefferies forecasts a PAT CAGR of 19% over financial year 2025 to financial year 2027.Jefferies on TBO TekJefferies maintains a buy rating on TBO Tek but has cut the target price to Rs 1,400 from Rs 1,975.Near-term earnings are expected to be weighed down by global macro headwinds.
The ongoing tariff war and anticipated global downturn could impact outbound travel demand.Aggregator platforms like TBO are seen as relatively better positioned under current conditions.A focus on growth over margins could further affect the earnings trajectory in the near term.
Jefferies has cut EPS estimates by 5–11% and lowered the target multiple.Despite the earnings cut, the buy rating is retained due to the stock's sharp correction amid a broader market decline.Investec on Home First FinanceInvestec maintains a Buy rating on Home First Finance and raises the target price to Rs 1,350 from Rs 1,300.
The recent capital raise is expected to strengthen the company's competitive position.Leverage has declined from 4.9x to 3.
6x post-QIP, potentially leading to a credit rating upgrade.RoE is expected to dip to 14% in fiscal 26 from 17% in financial year 2025.Home First remains a high-quality, affordable housing finance company with strong scalability.
The company is ahead of peers in transitioning to a professionally managed structure without an identifiable promoter.Citi's Global Equity StrategyCiti notes that volatility has gripped markets post “Liberation Day.”At recent lows, major equity markets were pricing in flat EPS growth but not a full recession.
Some tariff-related risks have been priced out, but EPS downgrades are expected to continue.Citi has upgraded Japan and the UK to Overweight, citing cheap valuations and positive positioning.The US has been downgraded to Neutral due to high valuations and downgrade pressures.
Tech is now the preferred growth sector, upgraded from neutral.Financials are the preferred cyclical sector, and health care is the top defensive pick.Emerging Markets have been downgraded to Underweight.
Within EM, India, Taiwan, Chile, and South Africa are rated overweight due to better macro-outlook and limited trade tension exposure.US Will Impose 21% Tariff On Mexican Tomatoes Starting In JulyJefferies on BanksJefferies reports the beginning of deposit rate cuts, led by HDFC Bank cutting its savings rate by 25 bps.This cut lowers the cost of 23% of HDFC Bank’s deposits.
SBI has cut its term deposit rates by 10–20 bps for key 1–3-year buckets.PNB, Kotak, and Bank of India have also implemented similar cuts.Private banks may cut savings rates more quickly due to high EBLR-linked loans.
Public sector banks could move slower.These developments are positive for easing Net Interest Margin (NIM) pressures.Brokerages On GoldGoldman SachsGoldman Sachs has upgraded its year-end gold price forecast to $3,700/oz from $3,300.
Goldman Sachs sees gold as a hedge against rising recession risk and notes strong central bank demand.UBSUBS expects gold to rally to $3,500 this year.UBS recommends diversifying into safe havens like gold amid geopolitical and economic uncertainty.
They expect gold’s rally to extend into next year and stabilise at higher levels.Positioning in gold has increased, but the market is not seen as overcrowded.Liquidity conditions may amplify price moves.
Gold And Silver Price Today — Check Prices In Mumbai, Bengaluru, Delhi, Chennai And MoreMorgan Stanley India StrategyMorgan Stanley has lowered its financial year 2026 GDP growth estimate by 40 bps to 6.1% and sees financial year 2027 at 6.3%.
Slower growth and lower inflation could allow the RBI to cut rates more deeply.These projections reflect global trends and support a dovish RBI outlook and Indian equity outperformance.Financial year 2026 earnings estimates are down 13% due to global pressures.
The new Sensex target for December 2025 is 82,000, about 9% above current levels.Morgan Stanley remains overweight on financials, consumer cyclicals, and industrials, and underweight on energy, materials, utilities, and healthcare.Citi on Vodafone IdeaCiti maintains a Buy rating (High Risk) on Vodafone Idea with a target price of Rs 12.
A credit rating upgrade improves the prospects of a long-awaited bank debt raise.This upgrade meets a key requirement for banks to lend.A successful fundraise would also benefit Indus Towers, acting as a catalyst.
Vodafone Idea’s Debt In Q3 FY25 Rises By 7% To Rs 2.17 Lakh CroreNomura on CiplaNomura maintains a Buy rating on Cipla with a target price of Rs 1,780.Approval for gAbraxane improves launch visibility and adds incremental value.
More generic competition is expected, but some upside to fiscal 2026–2027 revenue estimates is likely.gAbraxane is currently estimated to contribute $18 million/$56 million in FY26F/FY27F, respectively.There is limited upside to Nomura’s existing financial year 2027F estimates.
HSBC on PI IndustriesHSBC maintains a Hold rating on PI Industries with a target price of Rs 3,500.Exports in March rose over 50% year-on-year due to a favourable base.Realisations for pyroxasulfone remained low for a second straight month.
The core business remains muted, and new ventures are yet to scale.Trade wars introduce uncertainty, though tariffs could potentially benefit the company.HSBC remains cautious amid a lack of catalysts and expects ~10% earnings CAGR over two years.
Macquarie on NTPCMacquarie maintains an Outperform rating on NTPC with a target price of Rs 475. Thermal capacity targets may be enhanced, with additions expected to be brownfield. Long-term growth visibility could improve further with clarity on nuclear plans.
Goldman Sachs on HDFC BankGoldman Sachs maintains a Buy rating on HDFC Bank with a target price of Rs 2,087. The bank has revised down its savings rate, signaling confidence in liquidity and deposit growth. This move aims to ease margin pressures during a rate-cut cycle.
HSBC on L&THSBC maintains a Hold rating on L&T with a target price of Rs 3,600. A strong fourth quarter performance is expected across segments. Strength in the Projects & Manufacturing business is likely to offset service segment softness.
Financial year 2026 guidance is expected to include 7–10% order inflow growth, 15%+ revenue growth, and a 30–40 bps EBITDA margin improvement in P&M.Asian Stocks Rise Led by Japan On Auto Tariff Reprieve: Markets Wrap. Read more on Markets by NDTV Profit.
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