Check out the latest brokerage calls and analyst comments on the stocks in action today. Our coverage includes Adani Ports, Asian Paints, Bharti Airtel, HCLTech, and more.

MGL

UBS On MGL

Buy Call, Target `1,600/Sh

Investing In Infrastructure To Drive Volume Growth

To Benefit From Potential Inclusion Of Natural Gas In GST

LNG In Transportation Could Scale Up In Coming Years

Foraying Into Electric Mobility

MOSL On MGL

Buy Call, Target `1,565/Sh

Mgmt Reiterates An Overall 6-7% Volume Growth Target

Reiterates At Least 10% Volume Growth From The Recently Acquired UEPL

Current APM Gas Allocation Stands At ~70%

APM Gas Shortfall Is Being Compensated By Additional HPHT Volumes `1,000 Cr Of Capex That Was Guided For FY25, Of Which `200 Cr Will Be Allocated To UEPL

MS on Adani Ports

Overweight Call, Target `1,517/Sh

Kolkata Port: Ops & Maintenance Contract Win

Large Hinterland And Regular Service Calls From Some South East Asian Ports

Co Sees Synergies With Its Ports Assets At Colombo And Vizhinjam

MS On Kaynes Tech

Overweight Call, Target `3,845/Sh

FY24 Performance Is Testimony Of Its Execution Prowess In Its Core EMS Biz

Sector Tailwinds & Robust Backlog To Drive Sustainable Growth In Core Segment

New Biz Of OSAT & Bare Board PCB Manufacturing To Enable Backward Integration

Revenue Target Of $1 Bn By FY28; 75% To Be Accounted By Core EMS

Margins Are Industry Leading, To Further Expand By 100 bps In FY25

JPMorgan On Asian Paints

Neutral Call, Target `2,870/Sh

Reiterated Sustaining Double-digit Volume Growth & Margin Of 18-20%

Price/Mix Weakness Will Sustain Near-Term

Further Pricing Interventions Will Depend On RM Inflation Trends

Despite Rising Competitive Intensity In Sector, APNT Is Not Unduly Worried

Co Is Focussed On Strengthening Its Moats Via Ensuring Effective Distribution Scale-Up

Focussed On Relevant Innovation & Enhanced Play In Relatively Fast-Paced B2B/Proj Seg

Wider Foray Into Affordable Paints Segment Is Off To An Encouraging Start

Home Décor Foray Is Strategic, Will Help Widen Customer Reach & Strengthen Brand Loyalty

CLSA On Bharti Airtel

Buy Call, Target `1,540/Sh

Co Has Entered $100 Bn Market Cap Club Led By The Success Of Its Mobile Biz

India Now Has Four Companies With A Market Cap Of Over $100 Bn

Strong India Mobile Growth Backed By Mgmt Execution Driving This Mega Corp

Market Cap Barely Moved For An Entire Decade, Has Expanded Since 2017 3.3x

Co’s 3 Drivers Are High-Growth Scalable Biz, Strong Mgmt & Global Competitive Edge

Nomura On Ceat

Neutral Call, Target `2,820/Sh

Focus On Market Share Gains & Higher Exports Likely To Drive Growth

Targets To Become The No. 2 Player In Passenger Car Radial Segment By End-FY25

According To Mgmt, Mkt Shr Rise Would Be Led By A Strong Network Push

Mkt Shr Rise Would Be Led By Better Dealer Profitability And Pdt Innovation

Maintains That >25% Of Its Rev Will Come From Exports In FY26E

Nomura On HCLTech

Neutral Call, Target `1,400/Sh

FY25 Revenue Growth Guidance Assumes No Improvement In Macro Vs FY24

Margin Improvement Towards Aspiration Of 19-20% Needs Revenue Growth Pickup

Recent Organizational Changes Aimed At Integrating Go-To-Market

Gen AI,  Pilots Continue At Client Ends, Still Time Before Large Work Emerges Here

Disciplined Capital Allocation Policy To Continue

Stable Senior Leadership Helping Drive Growth

MS On OMCs

Integrated Margin Are Tracking Approximately 20-30?ove Midcycle

Integrated Margin Should Lead To Re-Start Of Earnings Upgrade Cycle

Refining Margins Are Recovering As Well

Potential Re-Start Of Daily Pricing Mechanism Provides Multiple Upside

CLSA On MFIsAnalysis Indicates CA Grameen & Fusion Have Lowest Lending Rates Among Top Players

Some Banks & Small Finance Banks Are On The Upper Range

Since RBI’s Harmonisation Regulation, Spreads For Both Have Expanded By About 2%

Some Other MFIs Have Seen 3-4 ppt Increases

Think RBI Guv’s Commentary On High MFI Lending Rate Is More Concerning For Other Players