The company has numerous optionalities to accelerate revenue/profitability aided by internal assets, and large cash generation.Earnings upgrades and embedded value of optionality should support the re-rating.Morgan Stanley maintained an overweight rating on Exide Industries but raised the target price to Rs 485 from Rs 373 earlier.Exide is India's leading battery player.
The share price could rise significantly over the next ten years.Government support for "Made in India" EVs, strong auto and industrial customer tie-ups, tech tie-ups, and early mover advantage could all play in its favor.Hyundai/Kia contract validates capabilities.
In the scale-up phase, battery stocks tend to trade at 4x-6x P/B, implying Exide's price could nearly double over 12 months.UBS maintained a buy rating on Zomato but raised the target price to Rs 250 from Rs 195 earlier.Quick Commerce growth and margin potential are underappreciated.
Margin estimate of 9% by FY29, and 2x of consensus.
Zomato's QCom GMV can reach $10.2bn by FY29.
We have collated a list of recommendations from top brokerage firms from ETNow and other sources:
CLSA on TCS: Underweight| Target Rs 3941
UBS on Indian Hotels: Buy| Target Rs 715
Morgan Stanley on Exide Industries: Overweight| Target Rs 485
UBS on Zomato: Buy| Target Rs 250
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Brokerage firm CLSA maintained an underweight rating on TCS while UBS has a buy rating on Indian Hotels Meanwhile, Morgan Stanley recommended an overweight stance on Exide Industries and UBS has a buy rating on Zomato CLSA maintained an underweight rating on TCS post March quarter results and reduced the target price to Rs 3941 from Rs 4043 earlier.The IT major has a strong order book but not enough to drive management optimism.BFSI, hi-tech and communications/media remained suppressed.The global investment bank slashed earnings per share (EPS) estimates for FY25/26CL by up to 2.5%.Delayed macro revival and lack of management confidence could be a major factor in the near-term recovery of the stock price.UBS maintained a buy rating on Indian Hotels and raised the target price to Rs 715 from Rs 500 earlier.Operating and financial leverage accelerate earnings. The company has numerous optionalities to accelerate revenue/profitability aided by internal assets, and large cash generation.Earnings upgrades and embedded value of optionality should support the re-rating.Morgan Stanley maintained an overweight rating on Exide Industries but raised the target price to Rs 485 from Rs 373 earlier.Exide is India's leading battery player. The share price could rise significantly over the next ten years.Government support for "Made in India" EVs, strong auto and industrial customer tie-ups, tech tie-ups, and early mover advantage could all play in its favor.Hyundai/Kia contract validates capabilities. In the scale-up phase, battery stocks tend to trade at 4x-6x P/B, implying Exide's price could nearly double over 12 months.UBS maintained a buy rating on Zomato but raised the target price to Rs 250 from Rs 195 earlier.Quick Commerce growth and margin potential are underappreciated. Margin estimate of 9% by FY29, and 2x of consensus. Zomato's QCom GMV can reach $10.2bn by FY29.
