Hot Stocks: Global brokerages see Airtel, Cipla delivering 10-15% return in next 1 year
Bharti Airtel, Goldman Sachs has a neutral rating in Tata Consumer and Investec maintained a buy on Cipla.
We have collated a list of recommendations from top brokerage firms from ETNow and other sources:
Morgan Stanley on ICICI Prudential Life: Equal Weight| Target Rs 610| LTP Rs 593| Upside 3%
Morgan Stanley downgraded ICICI Prudential Life to Equal Weight from Overweight earlier and also slashed the target price to Rs 610 from Rs 660 earlier.
The company reported another quarter with a large miss in VNB margin. It delivered on APE growth, but VNB missed estimate mainly by higher costs.
Higher costs could also be reflected in part in FY25. “The upside to our reduced price target is limited — we move to the sidelines,” said the note.
Citigroup on Bharti Airtel: Buy| Target Rs 1520| LTP Rs 1342| Upside 13%
Citigroup maintained a buy rating on Bharti Airtel and raised the target price to Rs 1520 from Rs 1342 earlier.
The global investment bank hiked FY26 ARPU estimates by 3% and EBITDA by 1-2% for FY25/26 given improved visibility of tariff hikes.
Goldman Sachs on Tata Consumer: Neutral| Target Rs 1030| LTP Rs 1173| Downside 12%
Goldman Sachs maintained a neutral rating on Tata Consumer with a target price of Rs 1030. There is a slowdown in India growth and margins were driven by international and unbranded business.
India business organic growth is weaker than expected. India's beverages business slowed down, partly due to the delayed onset of summer.
EBIT growth is marginally ahead of estimates but driven
