Whalesbook
JM Financial: Eternal and Lodha Developers Picks
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JM Financial holds a positive view on Eternal, maintaining its 'Buy' rating and target price of ₹400. This suggests a potential 58% increase from current share prices. Eternal's Q4FY26 results fell short of expectations, largely due to slower growth at Blinkit. However, the company's management has indicated improving quarter-over-quarter trends for Q1 FY27. They also provided a medium-term outlook forecasting over 60% annual growth in new order wins for the next three years, and aim for $1 billion in adjusted EBITDA by FY29.
For real estate, JM Financial also issued a 'Buy' recommendation for Lodha Developers, with a target price of ₹1,240, implying a nearly 41% upside. The firm highlighted steady sales growth. Lodha reported ₹5,900 crore in pre-sales last quarter, a 23% increase year-on-year. Full-year FY26 pre-sales reached ₹20,500 crore, up 16% from FY25. South Central Mumbai and Bengaluru were key contributors to this growth.
Morgan Stanley Rates Maruti Suzuki Overweight
Morgan Stanley is positive on Maruti Suzuki India Limited, assigning an 'Overweight' rating and a target price of ₹17,895. This indicates a potential upside of up to 39%. The brokerage expects Maruti Suzuki to grow faster than the overall auto industry. Maruti Suzuki's own forecast of 10% domestic volume growth for FY27 exceeds Morgan Stanley's 8% estimate, suggesting the company is likely to outperform.
Goldman Sachs Sees Paytm Upside Amid Challenges
Goldman Sachs has begun covering One97 Communications (Paytm), initiating it with a 'Buy' rating and a target price of ₹1,400. This suggests a potential 22% upside. While the Reserve Bank of India cancelled Paytm Payments Bank Limited's license on April 24, Goldman Sachs believes Paytm's core operations, especially in payments and merchant expansion, are still gaining momentum. The brokerage views Paytm's current valuation as appealing for investors who can overlook regulatory uncertainties.
Nuvama Initiates Buy on Sterling and Wilson
Nuvama has initiated coverage on Sterling and Wilson Renewable Energy Limited with a 'Buy' rating. The firm cited improving margins, a solid order pipeline, and clearer balance sheet visibility as reasons for the upgrade. Nuvama set a target price of ₹300, representing a potential upside of nearly 41%. The report highlights the company's guidance for 15% revenue and order book growth in FY27, pointing to strong future prospects in renewable energy.