1 week Ago By NDTV Profit Desk
Macquarie, Motilal Oswal Financial Services Ltd. and Jefferies laid out the playbook for navigating the market, amid global jitters and a patchy earnings setup this Tuesday.While Macquarie is rotating away from global-facing names in favour of domestic plays like Bharti Airtel Ltd.
, UltraTech Cement Ltd. and GAIL (India) Ltd., Motilal Oswal is betting on policy support and resilient macros to cushion the downside.
Jefferies, meanwhile, is watching for signs of a rebound in domestic Ebitda growth, with autos, hospitals and cement on its radar.Titan released its fourth-quarter business update post market hours on Monday. The jewellery major reported healthy growth, with strong ticket sizes offsetting muted buyer additions.
Brokerages largely view the update as positive, citing strong jewellery sales, but they have flagged a few concerns too. NDTV Profit tracks what analysts are saying about stocks and sectors. Here are the key calls to watch out for on Tuesday.
Stock Market Live: GIFT Nifty Indicates Positive Start; BEL, M&M, Titan Share Prices In FocusMacquarie On StrategySwapped three global-facing stocks in its 'Super 6s' buy list with relatively insulated domestic names.Includes Bharti Airtel, UltraTech Cement and GAIL India.Excludes Sun Pharmaceutical Industries, Tata Motors and Wipro.
Calls Bharti Airtel the best ‘flight to safety’ large-cap holding with high visibility on India return on invested capital.The cement sector is well-placed, making UltraTech a preferred pick.Sees tactical upside for GAIL from a potential 10–30% hike in gas transmission tariffs.
Motilal Oswal Financial Services On StrategyDescribes the current macro environment as fluid and filled with multiple possibilities.Any conciliatory policy actions will be well-received.India remains relatively less impacted compared to global peers.
Fourth-quarter earnings context remains unchanged from earlier quarters.Points out Indian policymakers have taken stimulative steps during the quarter.Supportive policy measures and strong macroeconomic fundamentals underpin optimism.
Maintained a constructive medium- to long-term view on the back of domestic factors.However, notes earnings weakness continues with Nifty earnings per share cut by 2.9% for fiscal 2025 and 3.
8% for fiscal 2026.Expects Metals, Telecom, Banking and Financial Services, Technology, and Healthcare to drive earnings growth.Oil and Gas expected to remain a drag.
‘India To Attract Investors’: Mihir Vora Is Optimistic Amid US Tariff ConcernsJefferies India StrategySees weak trend in financial stocks dragging down overall earnings.Expects domestic companies to post 12% Ebitda growth, reflecting a recovery in economic activity post third quarter.Sees strong performance from select two-wheeler companies, Mahindra & Mahindra, Bharti Airtel, Larsen & Toubro and private hospital chains.
Also expects sequential improvement in cement sector.Macquarie On Titan CompanyRetained an ‘outperform’ rating on the stock and a target price of Rs 4,000 apiece, implying a potential upside of 10% from the previous close.Ahead of the fourth-quarter results, notes healthy growth in jewellery sales with overall sales coming in above estimates.
Expects 20% standalone Ebitda growth for the March quarter.Growth primarily driven by double-digit increase in average ticket size, even as buyer growth remained in single digits.Says encouraging quarterly performance boosts confidence in earnings per share estimates.
Titan Q4 Update: Revenue Rises 25% Lead By Jewellery Business Morgan Stanley On Titan CompanyRetained an ‘overweight’ rating on the stock and a target price of Rs 3,876 apiece, implying a potential upside of 6% from the previous close.Notes strong headline performance in jewellery business but with mixed internal trends.Points out single-digit buyer growth due to soft demand at lower price points.
However, sustained demand at higher price points led to strong double-digit growth in average ticket size.Management highlighted early signs of recovery in the solitaire segment, with growth in both value and buyer base.Citi On Titan CompanyRetained a ‘neutral’ rating on the stock and a target price of Rs 3,550 apiece, implying a potential downside of 3% from the previous close.
Expects strong jewellery revenue growth in the fourth quarter.However, sees decline in the share of studded jewellery in the sales mix.Flags margin trajectory as a key monitorable going forward.
Stock Market Today: All You Need To Know Going Into Trade On April 8Morgan Stanley On OMCsRecent hikes in cooking gas and auto fuel taxes are positive for domestic fuel retailers.Calls Indian Oil Marketing Companies among the best placed globally to benefit in a well-supplied crude oil market.Notes tax measures will help keep transport fuel prices stable and offset under-recoveries in liquefied petroleum gas.
Retained an ‘overweight’ rating on Hindustan Petroleum Corporation as the top pick in the sector.Citi On OMCsThe government is using the recent decline in crude oil prices to compensate OMCs for losses on liquefied petroleum gas.Still awaits clarity on whether and how much of this compensation can be recognised by companies.
Warns that a rebound in crude oil prices to around $75 per barrel could pose a risk to fiscal 2026 earnings estimates.Petrol, Diesel Prices Today: Fuel Rates Updated In Delhi, Mumbai, Chennai, Bangalore, HyderabadMorgan Stanley On IndusInd BankRetained an ‘equal-weight’ rating on the stock and lowered target price to Rs 755 apiece from Rs 1,105, implying a potential downside of 4% from the previous close.Builds in weaker earnings projections over the next few years.
Incorporates a large treasury-related impact into fiscal 2025 earnings per share estimate.Forecasts book value per share to reduce by 4% for fiscal 2026 and by 5% for fiscal 2027.Raised cost of equity assumptions, given the uncertainty around management leadership and strategic direction.
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