CLSA has an outperform rating on Bajaj Auto with the target price at Rs 10,149. Analysts said that in the Jan-March quarter, the two-wheeler major's EBITDA margin was flat on a quarterly basis and in line with the estimates, its revenue growth was led by increase in volumes and price increase, led by product mix. Analysts expect 7% volume growth in two wheelers and 12% growth in exports in this fiscal.
Goldman Sachs has a buy on Ola Electric with the target price at Rs 70. Analysts feel the sharp dip in revenues was mainly because the decision to bring vehicle registrations in-house represented a larger-than-expected impact to Jan-March quarterly volumes. The management clarified that E-Motorcycles are now being delivered to customers since last week.
It also indicated that it expects to achieve auto-biz EBITDA break even in the second quarter of FY26. Battery cell manufacturing yields are presently at 63% and the management indicated that it will start putting these cells into its own two wheelers once yield reaches 80%-plus.
Jefferies has an underperform rating on Alkem Laboratories with the target price cut to Rs 4,460. Analysts said the company missed Jan-March quarterly estimates on lower margins. After 18 months of margin improvement, the company is pivoting towards accelerating growth, they said. Led by higher growth in India, the company guided for high-single digit overall revenue growth in FY26 and double-digit for FY27.
Morgan Stanley has an overweight rating on Suzlon with the target price at Rs 77. Analysts said that at the conference call with analysts, the management have wind turbine generator volume (WTG), revenue, EBITDA and PAT guidance of 60% growth on an annualized basis. WTG segment contribution margin guidance was at 23% while for tax rate it was at around 25%. The company also gave a capex guidance at Rs 400 crore – Rs 450 crore.
JP Morgan has maintained its overweight rating on Godrej Consumer with the target price at Rs 1,365. Analysts said household insecticides growth trajectory should improve over the medium term; air care and hair colour businesses have a long runway of healthy growth. They also feel accelerated scale up will be seen for liquid detergents, deodorants and body wash, and India margins would return to normalcy in the second half of the current fiscal.
Disclaimer: The opinions, analyses and recommendations expressed herein are those of brokerage and do not reflect the views of The Times of India. Always consult with a qualified investment advisor or financial planner before making any investment decisions.
Goldman Sachs has a buy on Ola Electric with the target price at Rs 70. Analysts feel the sharp dip in revenues was mainly because the decision to bring vehicle registrations in-house represented a larger-than-expected impact to Jan-March quarterly volumes. The management clarified that E-Motorcycles are now being delivered to customers since last week.
It also indicated that it expects to achieve auto-biz EBITDA break even in the second quarter of FY26. Battery cell manufacturing yields are presently at 63% and the management indicated that it will start putting these cells into its own two wheelers once yield reaches 80%-plus.
Jefferies has an underperform rating on Alkem Laboratories with the target price cut to Rs 4,460. Analysts said the company missed Jan-March quarterly estimates on lower margins. After 18 months of margin improvement, the company is pivoting towards accelerating growth, they said. Led by higher growth in India, the company guided for high-single digit overall revenue growth in FY26 and double-digit for FY27.
Morgan Stanley has an overweight rating on Suzlon with the target price at Rs 77. Analysts said that at the conference call with analysts, the management have wind turbine generator volume (WTG), revenue, EBITDA and PAT guidance of 60% growth on an annualized basis. WTG segment contribution margin guidance was at 23% while for tax rate it was at around 25%. The company also gave a capex guidance at Rs 400 crore – Rs 450 crore.
JP Morgan has maintained its overweight rating on Godrej Consumer with the target price at Rs 1,365. Analysts said household insecticides growth trajectory should improve over the medium term; air care and hair colour businesses have a long runway of healthy growth. They also feel accelerated scale up will be seen for liquid detergents, deodorants and body wash, and India margins would return to normalcy in the second half of the current fiscal.
Disclaimer: The opinions, analyses and recommendations expressed herein are those of brokerage and do not reflect the views of The Times of India. Always consult with a qualified investment advisor or financial planner before making any investment decisions.
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