Stock Market Insights: Top Picks Among Brokerages for Q1 Earnings
In a rapidly evolving market, it’s essential to stay informed about the latest developments and expert opinions. In this article, we’ll delve into the top picks among brokerages for Q1 earnings, focusing on Eternal Ltd., UltraTech Cement Ltd., Bajaj Finance Ltd., and Titan Co. Ltd.
Eternal Ltd.: A Quick Commerce Leader
Eternal Ltd. has emerged as a leader in the quick commerce space, with its Q1 results demonstrating a robust quarter with a strong beat in quick commerce. The company’s adjusted Ebitda surprised positively, driven by dark store expansion and lower than expected losses. Analysts at Bernstein maintain an ‘Outperform’ rating with a target price of Rs 320, citing the company’s strong growth momentum and lower losses.
UltraTech Cement Ltd.: A Strong Earnings Compounder
UltraTech Cement Ltd. is another top pick among brokerages, with analysts at Morgan Stanley maintaining an ‘Overweight’ rating with a target price of Rs 14,000. The company’s acquisition of Damas International is expected to facilitate expansion across six GCC countries, targeting nationalities and ethnicities beyond the Indian diaspora.
Bajaj Finance Ltd.: A Strong Earnings Compounder
Bajaj Finance Ltd. is poised to deliver over 25% Earnings Per Share (EPS) growth in FY26-28, according to analysts at Morgan Stanley. The company’s acquisition of Damas International is expected to bring multiple synergies across the retail network, talent pool, and supply chain.
Titan Co. Ltd.: A Strong Q1 Performance
Titan Co. Ltd. showed a strong Q1 performance, with analysts at JPMorgan maintaining an ‘Overweight’ rating with a target price of Rs 2,000. The company’s acquisition of Damas International is expected to aid its presence in the Middle East and broaden its addressable market.
Brokerage Recommendations
- Macquarie: Maintain ‘Underperform’ with a target price of Rs 150 for Eternal Ltd.
- Bernstein: Maintain ‘Outperform’ with a target price of Rs 320 for Eternal Ltd.
- Citi: Maintain Buy with a target price of Rs 320 for Eternal Ltd.
- Jefferies: Upgrade to ‘Buy’ from ‘Hold’ with a target price of Rs 400 for Eternal Ltd.
- Jefferies: Maintain ‘Buy’ with a target price of Rs 1,044 for Bajaj Finance Ltd.
- Morgan Stanley: Maintain ‘Overweight’ with a target price of Rs 1,050 for Bajaj Finance Ltd.
- Morgan Stanley: Maintain ‘Overweight’ with a target price of Rs 14,000 for UltraTech Cement Ltd.
- BofA: Maintain ‘Buy’ with a target price of Rs 14,400 for UltraTech Cement Ltd.
- Macquarie: Maintain ‘Outperform’ with a target price of Rs 1,782 for Titan Co. Ltd.
- Morgan Stanley: Maintain ‘Overweight’ with a target price of Rs 3,876 for Titan Co. Ltd.
- Macquarie: Maintain ‘Outperform’ with a target price of Rs 4,150 for Titan Co. Ltd.
- Nomura: Maintain ‘Buy’ with a target price of Rs 2,000 for Titan Co. Ltd.
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