Brokerage Reports
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Updated on 13 Nov 2025, 05:56 am
Reviewed By
Aditi Singh | Whalesbook News Team
Brokerage firms have released new analyses and target prices for several prominent Indian companies, guiding investors on potential stock movements for 2025.
**Ashok Leyland**: Morgan Stanley maintains an "Overweight" rating, raising its target price to Rs 160. The firm cited supportive valuations, consistent margin improvements, stronger export performance, and a positive outlook for the second half of the year as reasons for this stance.
**Container Corporation of India (Concor)**: Elara Capital suggests an "Accumulate" rating with a target of Rs 631. While acknowledging near-term caution due to margin pressure, Elara Capital anticipates a strong recovery in the latter half of the year and highlights long-term growth potential in logistics.
**Balrampur Chini Mills**: Elara Capital has upgraded the stock to "Buy" with a target price of Rs 584. This upgrade follows a better-than-expected second quarter, despite some near-term margin pressure. The firm expects recovery driven by Polylactic Acid (PLA) gains and a robust balance sheet by FY28.
**Asian Paints**: Analyst views are divided. Morgan Stanley maintains an "Underweight" rating with a target of Rs 2,194, noting improved growth visibility. Conversely, Elara Securities reiterates a "Sell" rating with a target of Rs 2,600, pointing to valuation concerns despite volume-growth.
**Tata Steel**: Morgan Stanley keeps an "Overweight" rating and a Rs 200 target price, influenced by the company's strong second-quarter Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) beat, successful cost-saving measures, and execution of margin recovery plans.
**Info Edge**: Goldman Sachs recommends a "Buy" with a Rs 1,700 target, citing steady billings, improving margins, attractive low valuations, and a projected 19 per cent Compound Annual Growth Rate (CAGR) in Earnings Per Share (EPS) from FY25 to FY28.
**Hindustan Aeronautics (HAL)**: Citi maintains a "Buy" recommendation with a target of Rs 5,800. Despite a dip in Q2 margins, Citi points to a robust order book, an acceleration in Tejas fighter jet deliveries, and revenue tracking ahead of expectations as positive factors.
**Impact**: This news has a direct impact on the Indian stock market as it provides actionable insights and sentiment indicators from major brokerage houses for key listed companies, influencing trading decisions and potentially stock prices. **Rating**: 8/10
**Difficult Terms**: * **Brokerage Houses**: Financial firms that help individuals buy and sell stocks and other securities. * **Target Price**: The price at which an analyst or firm believes a stock will trade in the future, usually within a year. * **Overweight**: An investment rating suggesting a stock is expected to outperform its peers or the broader market. * **Accumulate**: A rating suggesting investors should buy more of the stock, often indicating a positive but not overwhelmingly strong outlook. * **Buy**: An investment rating suggesting a stock is expected to perform well and is a good purchase. * **Underweight**: An investment rating suggesting a stock is expected to underperform its peers or the broader market. * **Sell**: An investment rating suggesting investors should sell the stock. * **EBITDA**: Earnings Before Interest, Taxes, Depreciation, and Amortization; a measure of a company's operating performance. * **EPS CAGR**: Earnings Per Share Compound Annual Growth Rate; the average annual growth rate of a company's earnings per share over a specified period. * **FY25–28**: Fiscal Year 2025 to Fiscal Year 2028.