Now Reading: Brokerages issue stock calls on Tata Motors, Jubilant Food, Delhivery
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Brokerages issue stock calls on Tata Motors, Jubilant Food, Delhivery
Brokerages issue stock calls on Tata Motors, Jubilant Food, Delhivery
Multiple brokerages have updated their recommendations on a clutch of stocks across sectors. Citi maintains Sell on Tata Motors PV with a lower target of Rs 305, flagging margin headwinds, while Macquarie…
The Story in Brief
Multiple brokerages have updated their recommendations on a clutch of stocks across sectors. Citi maintains Sell on Tata Motors PV with a lower target of Rs 305, flagging margin headwinds, while Macquarie keeps Outperform at Rs 381. Jubilant FoodWorks receives a mixed bag: Morgan Stanley and Citigroup maintain Buy or Equal-weight, but Macquarie rates it Underperform. Delhivery gets an Outperform from Macquarie, citing strong operating leverage. LG Electronics and Page Industries also figure in the picks.
Brokerages point to improving domestic demand but caution about input cost inflation and margin squeezes. For Jubilant Food, Jefferies and Citi see Popeyes as a growth engine. Delhivery is expected to consolidate market share in logistics. The reports come ahead of the festive season, with several analysts stressing that actual volume trends will be the key to watch.
The Indian Opinion
The circular logic of brokerages, bullish on domestic demand yet cautious on margins for the same stocks, leaves the ordinary investor dizzy. Tata Motors PV gets a Sell from Citi and an Outperform from Macquarie; Jubilant Food ranges from Underperform to Buy. Whose reading of input costs and festive demand will hold? The real test comes in Q2 results, when margin pressures and volume aspirations meet the actual earnings print.
Source: ndtvprofit.com
This story was synthesised by AI from the source linked above.
