Explore the latest brokerage calls and analyst insights on today's active stocks and sectors. Our coverage includes updates on the information technology and automobile sectors as well as individual stocks like IndiGo, Zomato, and ICICI Lombard.

Autos

MS On Autos

Retail Sales Remained Weak During The Month

2-Ws Outperformed Other Segments

Rising PV Discount Is A Key To Monitor

Electric 2-W Penetration Continued To Improve While

Electric PV Sales Were Hit By Weak Fleet Demand

M&M & Bajaj Auto Remain Our Preferred Picks

Nomura On Autos

Volumes Below Our Estimate For Ashok Leyland, TVS & Tata Motors

M&M’s Tractor Volumes Covered Up For Weaker SUV Sales

Bajaj Auto’s & Maruti’s Wholesales Ahead Partly Driven By Higher Exports

Small Cars Unlikely To See Significant Revival & SUVs Will Continue To Gain Share

Citi On Autos

Most OEMs Reported Encouraging Volume Trends In June

Within Segments, UVs, Tractors & Buses Witnessed Healthy Volume Growth

Both Maruti & M&M Saw a Decent Uptick In UV Volumes

Among 2-W OEMs, Hero Reported Strong Volume Growth

Bajaj & TVS Saw Steady Momentum, Royal Enfield Volumes Were Muted

Disappointed By The Continued Weakness In Truck Volumes For TaMo & Ashok Leyland

Our Preference Order Is Maruti  Followed By M&M  & Hero MotoCorp

Most OEMs Reported Encouraging Volume Trends In June

Within Segments, UVs, Tractors & Buses Witnessed Healthy Volume Growth

Both Maruti & M&M Saw a Decent Uptick In UV Volumes

Among 2-W OEMs, Hero Reported Strong Volume Growth

Bajaj & TVS Saw Steady Momentum, Royal Enfield Volumes Were Muted

Disappointed By The Continued Weakness In Truck Volumes For Tata Motors & Ashok Leyland

Our Preference Order Is Maruti  Followed By M&M  & Hero MotoCorp

Motilal Oswal On IT

Expect Revenues Of IT Services Companies To Recover Following A Tepid Q4

Ramp-up Of Large Cost-takeout Deals Could Drive Growth For Large Caps

Brutal Winter Of Discretionary Spend Cuts In The Industry Is Likely Over

There Is Little Evidence Of A Recovery In The Flow Business

We Are On Track For One Of The Weakest First Quarters For At Least 10 Years

Would Be Looking For Signs Of Recovery In Discretionary Spending

Any Disappointment In Q1 Could Again Put Pressure On Q2

Expect 5-7% YoY FY25 CC Rev Growth For HCL & TCS & Lower for Infosys

Expect Revenue/EBIT/PAT To Grow By 3.2/5.2/6.1% For Our Coverage

Citi On City Gas Cos

Buy Call On Indraprastha Gas, Target Raised To Rs 610 From Rs 550/Sh

Maintain Sell On Gujarat Gas, Target Raised To Rs 500 From Rs 450/Sh

Raise Target On A Reduction In Our Cost Of Capital Assumptions

Key Underlying Operating & Financial Assumptions Remain Unchanged

Citi On L&T Fin

Open A 90-day Positive Catalyst Watch

Q1 Should Be The Trigger For An Improved Growth Trajectory & RoA Sustenance

Expect Q1 Cons RoA Trajectory Of 2.6% In A Seasonally Weak Quarter

Realisation To Be Well On Track With Retail Disbursements/AUM Growth Of 30%

Overall AUM Growth Trend To Improve To 13% YoY

Buy Call, Target Raised To Rs 221 From Rs 204/Sh

MS On Zomato

Overweight Call, Target At Rs 235/Sh

Karnataka Releases A Draft Bill On Platform-Based Gig Workers

Multiple States Talking About The Welfare Of Platform-based Gig Workers

State-specific Policies/Laws Could Add Complexity To The Operating Environment

Incremental Cost Burden Could Be Shared By All The Stakeholders

Bigger Medium-term Implication Would Be Increased Regulatory Scrutiny

Jefferies On ICICI Lombard

Buy Call, Target At Rs 2,090/Sh

Its New Product ‘Elevate’ Can Help It Leap Forward In Retail-health

In Retail-health It has Only 3% Share Vs 9% Overall

It Offers Unlimited Sum-insured, Personalisation Options

Retail-health Can Do Well With Agents, eComm Partners & Customers

Underwriting Is Key & Co’s Track-record Offers Comfort

Raise Estimates A Bit & Co Stays Among Top Picks

CLSA On Marico

Maintain Underperform call, Target At Rs 460/Sh

Key Factor Driving Negative View Is Rising Competition In Urban India For Its Oil Portfolio

Retailers’ Private/Exclusive Brands Undercutting Marico Brands

Other National/Niche Brands Taking Up Price Points Above Marico’s

Believe the Company’s Headroom For Growth Is Narrower Than Before

We Also See Increased Competition In Oats

UBS On PVR Inox

Maintain Buy Call, Target Cut To Rs 1,800 From Rs 2,075/Sh

‘Kalki 2898 AD’ Alone Isn't Enough, A Difficult H1FY25 Likely

‘Kalki’ Not Enough To Help Co Deliver Positive EBITDA In Q1

2/3 Of Collections Are Made In Regional Language, PVR Has Low Presence

A Lot Of Hopes Now Underpin On H2FY25

See Reluctance Among Consumers To Watch Movies In A Theatre

Expect Stock To Remain Range Bound In The Near Term

GS On IndiGo

Maintain Buy Call, Target Raised To Rs 4,700/Sh

Near-term Cost Pressures, But Long-term Story Intact

Cost Pressures & Flattish Yields May Limit Profitability Improvement

Spreads To Improve As International Mix Improves Over Next 3-5 Years