Stock Picks Today: Adani Power, Avenue Supermarts, Marico, PVR Inox And More On Brokerages’ Radar
A host of global and domestic brokerages have released fresh views on Adani Power Ltd., Avenue Supermarts Ltd., Marico Ltd., PVR Inox Ltd., and more ahead of Monday’s session.
Adani Power
JM Financial initiates coverage with a Buy rating and a target price of Rs 178, implying 20% upside.
Adani Power is India’s largest private-sector thermal power producer with 18.1 GW capacity.
Operational capacity is expected to reach 41.3 GW by FY32.
EBITDA per MW is projected to rise from Rs 13 million in FY25 to Rs 18 million by FY32.
JM Financial expects revenue and EBITDA CAGR of 15% and 18% respectively over FY25–28.
The stock is valued at 13x FY28 EV/EBITDA, reflecting strong execution and improving operational metrics.
Avenue Supermarts
Morgan Stanley maintains an Equal-weight rating with a target price of Rs 4,522, implying 22% upside.
Weak growth trends continued in Q3FY26, the lowest since Q3FY21.
Growth has declined sequentially since Q3FY25.
The three-year CAGR of 15.9% is below the 20% average seen during Q2FY25–Q1FY26.
Morgan Stanley estimates implied SSSG at flat to low single digits for the quarter.
Punjab National Bank
Morgan Stanley maintains an Underweight rating with a target price of Rs 100, implying 20% downside.
Domestic loan growth remained strong at 4.5% QoQ versus 3.6% in the prior quarter.
Domestic deposit growth was relatively muted at 2.1% QoQ.
The domestic loan-to-deposit ratio of 73.1% is seen as having further room to improve.
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Marico
Nuvama retains a Buy rating with a target price of Rs 865, implying 13.8% upside.
Revenue and EBITDA came in slightly ahead of expectations.
Volume growth of 8% YoY was in line with estimates.
Revenue and EBITDA are expected to grow around 27% and 10% YoY respectively.
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Other Stocks on Brokerages’ Radar
Other stocks that are on the radar of brokerages include PVR Inox, UltraTech Cement, Ambuja Cements, and JK Cements.
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Conclusion
In conclusion, the Indian stock market is expected to be volatile in the coming days, with many stocks on the radar of brokerages.
Investors should do their own research and consult with financial experts before making any investment decisions.
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