We have collated a list of recommendations from top brokerage firms from ETNow and other sources:
Citi on GAIL: Buy | Target price: Rs 250
Citi has maintained a buy call on GAIL with a target price of Rs 250.
In the Q1 results, transmission and trading drove a strong beat, while the gas transmission also reported strong volumes and margins. It was another solid quarter for gas trading as well, however, petchem and LPG were below expectations.
Jefferies on IOCL: Hold | Target price: Rs 180
Jefferies has maintained a hold rating on IOCL and hiked the target price to Rs 180 from Rs 175
IOCL was ahead in Q1 results despite weak margins. Refining was below estimates and the margins are expected to remain range bound. Marketing was ahead despite moderation in margins and Petchem was ahead. The overall outlook is subdued.
Jefferies on Macrotech: Buy | Target price: Rs 1,500
Jefferies maintained a buy view on Macrotech Developers with a target price of Rs 1,500.Q1 was a steady start to FY25 as the results were above estimates. There was a steady operational trajectory. Project additions drove debt higher QoQ, gearing comfortable. The company is tracking well against guidance.
Goldman Sachs on Tata Consumer: Neutral | Target price: Rs 1,086
The global brokerage firm has maintained a neutral rating on the stock with a target price of Rs 1,086.
Q1 performance showed a muted domestic business offset by strong international margins and the domestic tea and ready-to-drink beverages also delivered weak growth along with the Capital Foods segment that delivered weaker than expected revenues. The Food business, however, had a strong quarter.
(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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