1 week Ago By Pratiksha Thayil
Motilal Oswal initiated coverage on Hindustan Aeronautics Ltd. this Friday. Additionally, Jefferies initiated a 'Buy' rating for Aditya Birla Fashion and Retail Ltd.
Brokerages also cut their target price for Tata Consultancy Services Ltd. after they announced their results on Thursday, while maintaining their ratings. While Kotak pointed out that the results were weak, it said that the company will be more resilient.
NDTV Profit tracks what analysts are saying about stocks and sectors. Here are the key calls to watch out for this Friday.Brokerages On TCSKotakKotak maintains a 'Buy' rating on TCS but has reduced the target price to Rs 3,800 from Rs 3,900.
The company posted a weak quarterly performance.TCS’s international business grew by 0.6% quarter-on-quarter, with relatively better growth in developed markets.
The EBIT margin missed estimates by 70 basis points.A healthy deal Total Contract Value in the second half of the year offers some growth visibility for financial year 2026.Despite a narrower lead over peers, TCS is expected to remain more resilient.
CitiCiti maintains a 'Sell' rating on TCS and lowers the target price to Rs 3,000 from Rs 3,210.The company delivered a weak fourth quarter, with EBIT coming in approximately 3% below estimates, primarily due to a lower EBIT margin.Management commentary suggests that uncertainty crept in during March, leading to decision-making delays and ramp-downs in some engagements.
Sector-wide growth has been under pressure, and continued uncertainty is likely to make the environment even more challenging.In light of the sector challenges, Citi believes TCS’s valuations remain elevated.TCS To Hire 42,000 Freshers, Wage Hike Decisions Remains Unclear Amid Tariff WoesMotilal Oswal on Hindustan AeronauticsMOSL has initiated coverage on HAL with a 'Buy' rating and a target price of Rs 5,100.
The company is seen as charting the next frontier in India’s defense sector.HAL is expected to benefit from positive industry tailwinds.It is transitioning from a licensed manufacturing model to an indigenized production approach.
HAL is preparing for faster delivery timelines for the Tejas Mk1A aircraft starting financial year 2026.A strong order book and recent inflows support revenue visibility.The finalization of additional orders is likely to be the next key trigger.
An execution ramp-up is anticipated from financial year 2026.The development of new and advanced platforms is expected to drive long-term growth.Jefferies on Aditya Birla Fashion & RetailJefferies has initiated coverage on ABFRL with a 'Buy' rating and a target price of Rs 315.
The company is decisively shifting its focus toward profitable growth, with management making strategic moves to consolidate operations.The recent split of the company allows for a more targeted approach across its lines of business.ABFRL is expected to generate increasing free cash flow, while the losses from its residual businesses are likely to shrink despite maintaining strong growth momentum.
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