Tata Motors, JSW Steel & more: Top stocks to watch on June 18
Bank of America Securities has a buy on Tata Motors CV with the target price at Rs 470. Analysts said the commercial vehicle cycle debate continued but market share trends are getting better. The company is gaining share in HCVs and SCVs on the back of platform refresh and new launches. Also the com
By Toi Business Desk
Bank of America Securities has a buy on Tata Motors CV with the target price at Rs 470.
Analysts said the commercial vehicle cycle debate continued but market share trends are getting better.
The company is gaining share in HCVs and SCVs on the back of platform refresh and new launches.
Also the company’s margin-focus over growth-chase is intact despite near term cost pressure due to pricing discipline, product mix, cost control and non-truck revenues.
The upsides from Iveco depend on EU LCV recovery, sourcing and capex synergies, and balance sheet deleveraging.JP Morgan has an overweight rating on Dixon Technologies with the target price at Rs 12,700.
Analysts said that it was time to revisit the Vivo joint-venture approval scenario.
The company had highlighted that Vivo has 3.5 crore annual volumes in India of which 67% will come to Dixon, that is 2.2 crore.
As per management, JV could lead to a revenue uplift of Rs 30,000 crore with a higher average selling price compared to the existing mobile portfolio.
If the JV is approved in June, the operations could start after 60-90 days during the Oct-Dec quarter (Q3FY27).
Analysts said that could contribute 1.1 crore to mobile volumes in FY27 and 2.2 crore in FY28.
This could drive a 24-39% upgrade to revenue estimates over FY27-FY28 but a lower 13-18% earnings per share (EPS) upgrade due to 51:49 JV format that drives minority interest.Citigroup has a buy on Pine Labs with the target price at Rs 235.
Analysts met the management of the company.
They said the company has given a growth guidance of 21-23% on the year (YoY).
Its B2B Fintech is seeing an improving monetization environment from a competitive perspective and Pine Labs has the opportunity to increase attach rates across its merchant, bank and brand partnerships.
Analysts expect 18.5% top-line compounded annual growth rate (CAGR) over FY26-FY28, adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) margins to expand to 26% and 30% in FY27 and FY28, respectively, against 21% in FY26.
Jefferies has a buy on PB Fintech (Policybazaar) with the target price at Rs 1,950.
Analysts said PB Fintech has derated about 20% over the last six months due to concerns around commission regulations and founder exit, despite largely unchanged consensus earnings.
The stock’s estimated price is already factoring in a 10% commission cut.
Further, the business model is unlikely to change with renewal profitability unchanged.
Risks from founder stake sale may be overdone as business management teams are well-entrenched, analysts said.Motilal Oswal Securities maintained its buy rating on JSW Steel with the target price at Rs 1,520.
Analysts said the company’s growth is expected to be driven by significant volume increases from new capacity ramp-ups.
Its backward integration initiatives are expected to drive meaningful cost savings.
Its focus on enhancing the Value-Added and Special Products (VASP) portfolio to boost margins.
They also projected double-digit revenue expansion through FY27–FY28, supported by increased capacity and pricing recovery.
EBITDA/tonne is expected to rebound to about Rs 14,000 by FY28, aided by domestic steel price recovery following the implementation of safeguard duties. (Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own.
These opinions do not represent the views of The Times of India)Get the latest business news and top stories.
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