CLSA has Buy recommendation on these 2 stocks at this hour

The international brokerage has a ‘Buy’ recommendation on Bharti Airtel and Bajaj Auto. The telecom company is expected to get a boost from the Tata Play deal. In the automobile sector, CLSA chose Bajaj Auto on the basis of its growth outlook for conventional two-wheelers with Internal Combustion Engines. 

CLSA bets on Bajaj Auto’s domestic two-wheeler volume 

Bajaj Auto estimates that the ICE (internal combustion engine) two-wheeler domestic industry is likely to grow in a range of 6-8% for FY26, while 125cc+ motorcycles’ growth is expected to outperform relatively. Taking this into account, it will continue to focus on the 125cc+ segment. This can translate into a double-digit revenue growth. 

“We are building in 6%/10% domestic 2W volume/revenue growth for Bajaj Auto in FY26, as we believe revival in rural markets would not aid Bajaj Auto much amidst Honda Shine adding on to competition,” said CLSA. The brokerage house has an ‘Outperform’ rating on the stock with a target price of Rs 9,473. Also, Bajaj Auto’s export volumes are picking up as inflation in African markets, which is a key market zone, is getting back on track. “We are building in 10% export volumes growth for FY26,” said CLSA. 

ALSO READITC Dividend payout soon: 5 Key things every investor must know CLSA maintains Outperform on Bharti Airtel on likely Tata Play deal

Coming to the other pick, Bharti Airtel. The brokerage has maintained its Outperform rating on the stock with a target price of Rs 1,641.40. The company is likely to benefit from the deal with Tata Play for the direct-to-home (DTH) business. This deal will help the company penetrate high-end homes and boost converged offerings. 

ALSO READKalpataru shares surge 6%: Can the Rs 2,300 crore order be a gamechanger?

“We believe the Tata Play deal, should it happen, would be a significant positive for Bharti’s homes business, as it will multiply access to high-end homes to combined 45m and also boost converged offerings,” said CLSA. Plus, CLSA is betting on the untapped broadband market. “India’s BB penetration is among the lowest worldwide, with only 41m of 300m households with BB, so there is a large market opportunity,” stated the CLSA report. 

 » Read More

Related Articles

Advance tax alert! March 15 deadline nears – Are you liable to pay? Find out now

The Income Tax Department, on its official X handle, has alerted taxpayers to pay their last installment of advance tax for the financial year 2024-25. The last date to pay the advance tax is March 15, 2025. The I-T department has said that taxpayers paying on time not only save themselves from penalties but also

Spot power prices jump 16% with summer onset

Electricity prices in the spot market rose by almost 16.9% on year so far this month and might increase further, as summer peaks. Data from the Indian Energy Exchange showed that the market clearing price in the Day Ahead Market (DAM) stood at Rs 4.57 per unit in the first ten days of March, compared

Binny Bansal launches Opptra to sell branded goods in Asia

Flipkart Co-founder Binny Bansal has launched a franchising business ‘Opptra’ that will licence and sell branded consumer goods in Asia. Brands in fashion, lifestyle, home and kitchenware, electronics and general merchandise will be able to leverage Opptra’s global supply chain infrastructure to accelerate their entry into Asian markets. “Asia is driving 70% of global consumer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

Advance tax alert! March 15 deadline nears – Are you liable to pay? Find out now

The Income Tax Department, on its official X handle, has alerted taxpayers to pay their last installment of advance tax for the financial year 2024-25. The last date to pay the advance tax is March 15, 2025. The I-T department has said that taxpayers paying on time not only save themselves from penalties but also

Spot power prices jump 16% with summer onset

Electricity prices in the spot market rose by almost 16.9% on year so far this month and might increase further, as summer peaks. Data from the Indian Energy Exchange showed that the market clearing price in the Day Ahead Market (DAM) stood at Rs 4.57 per unit in the first ten days of March, compared

Binny Bansal launches Opptra to sell branded goods in Asia

Flipkart Co-founder Binny Bansal has launched a franchising business ‘Opptra’ that will licence and sell branded consumer goods in Asia. Brands in fashion, lifestyle, home and kitchenware, electronics and general merchandise will be able to leverage Opptra’s global supply chain infrastructure to accelerate their entry into Asian markets. “Asia is driving 70% of global consumer

India’s pharma industry betting big on CDMO opportunity – All you need to know

Here’s an acronym that you probably hear almost everyday on business television – CDMO. Contract Development and Manufacturing Organization (CDMO) are flexible third-party service providers that are entrusted with all the stages of the process of making medicines – providing services in the research and development stages, offering support in manufacturing, and providing formulating and

Income Tax crackdown! Donors to political parties under scanner – Are you on the list?

If you have donated Rs 5 lakh or more to a lesser-known political party, then the Income Tax Department may also be keeping an eye on you. Recently, tax officials have sent a long list of questions to thousands of individuals who made such donations in the financial year 2020-21. According to reports, in many