Nomura stays optimistic about Hero MotoCorp, citing rural market enchancment and sturdy trade development, whereas Citi sees long-term potential in Grasim Industries, regardless of a dip in Q2 efficiency, with its paints and VSF segments exhibiting promise.
In the meantime, CLSA emphasizes Crompton Greaves Shopper Electricals’ sustained development and margin enchancment, positioning the corporate properly for a possible re-rating, supported by robust medium-term visibility.
We now have collated an inventory of suggestions from prime brokerage corporations (ETNow and different sources):
Nomura on Hero MotoCorp: Purchase | Goal Rs 5,805 | CMP Rs 4,604 | Upside 26%
Nomura has maintained a Purchase score on Hero MotoCorp, elevating the goal worth to Rs 5,805 from Rs 5,663, reflecting a possible upside of 26% from the present market worth of Rs 4,604. The brokerage highlights rural market enchancment as a key catalyst for development.Hero MotoCorp’s Q2 outcomes met expectations, exhibiting wholesome earnings development and engaging valuations, with room for margin enchancment. Nomura expects the two-wheeler (2W) trade to develop by 10% over FY25-26, supported by favorable monsoon situations and a rural market restoration.
Citi on Grasim Industries: Purchase | Goal Rs 3,100 | CMP Rs 2,528 | Upside 22%
Citi has maintained a Purchase score on Grasim Industries however diminished the goal worth to Rs 3,100 from Rs 3,250, indicating a possible upside of twenty-two% from the present market worth of Rs 2,528.Regardless of Q2 efficiency falling wanting expectations, Citi stays optimistic on the corporate’s paints enterprise, which is on monitor to realize a excessive single-digit market share by FY25. The VSF section confirmed enchancment, whereas the chemical compounds section confronted sequential weak spot.
CLSA on Crompton Greaves Shopper Electricals: Outperform | Goal Rs 500 | CMP Rs 371 | Upside 34%
CLSA has maintained an Outperform score on Crompton Greaves Shopper Electricals (CG Shopper) with a goal worth of Rs 500, indicating a possible upside of 34% from the present market worth of Rs 371.
The corporate’s outcomes have been according to expectations, and CLSA highlights the robust medium-term development visibility as essential for a possible re-rating. CG Shopper’s development momentum stays robust, with notable margin enhancements, and the brokerage notes a number of development levers in place for continued growth.
(Disclaimer: Suggestions, strategies, views, and opinions given by specialists are their very own. These don’t symbolize the views of The Financial Occasions)
