Motilal Oswal Financial Services has given a ‘Buy’ recommendation to four stocks on February 17. Stronger order growth, better guidance from management and global positioning are among the key reasons driving these recommendations. Here is a detailed analysis-
Motilal Oswal on Hindalco – Buy with a target price of Rs 730
Hindalco’s quarterly performance for the third quarter of FY25 came around expectations. The earnings growth was driven by favourable pricing and lower input costs. However, Novelis posted a weak performance, which was offset by strong domestic operations. The company’s margins were affected by the Scrap price inflation, which raised the CoP for Novelis. The brokerage maintained its ‘Buy’ call, with a target price of Rs 730. Hindalco’s share price has fallen 2.7% to an intra-day low of Rs 589.65 and is down 0.12% YTD. However, in a 6-month it fell 8.5% but gave a return of 17.6% in 1 year.
ALSO READMarkets in red for ninth consecutive day. Nifty, Sensex off intra-day lows
Motilal Oswal On Samvardhana Motherson: Will continue to Outperform
Motilal Oswal maintained its ‘Buy’ call on the stock with a target price of Rs 160. According to them, Samvardhana Motherson’s Q3 FY25 performance was resilient. “We expect Samvardhana Motherson to continue to outperform global automobile sales, fueled by rising premiumization and EV transition, a robust order backlog in autos and non-autos, and successful integration of recent acquisitions,” added Motilal Oswal. However, it has lowered the FY26 earnings per share estimates by 15% to factor in weak demand in key regions.
Motilal Oswal On Kalpataru Projects: Strong growth outlook
The brokerage firm maintained its ‘Buy’ rating on Kalpataru Projects, with a target price of Rs 1,200. The company continues to maintain a 20-25% market share in the T&D opportunity pipeline while it is affected in the near term by delayed payments on the water segment. “We expect its T&D, buildings & factories, and oil & gas segments to drive growth going forward. Benign commodity prices provide comfort on margin expansion, and interest expenses are likely to come down after the recent fundraising via QIP,” said Motilal Oswal. The share price of Kalpataru Projects rose 3.4% to an intra-day high of Rs 909.10.
ALSO READ4 reasons why Jefferies has Buy on RIL Motilal Oswal On KNR Constructions: Order book encouraging
The brokerage firm gave the ‘Buy’ rating to KNR Construction as it bets on the company’s order book growth.
» Read More
