Brokerages such as Goldman Sachs, Macquarie, and Morgan Stanley have released their latest stock recommendations, with a focus on companies like Nestle India Ltd., Titan Co., and Godrej Properties Ltd., which are poised for growth in the coming quarters.

NDTV Profit tracks what analysts are saying about various stocks and sectors. Here are the analyst calls to keep an eye out for on Wednesday:

Brokerages On Nestle India

Jefferies

  • Maintained ‘hold’ with target price of Rs 2,350 per share.

  • Nestle management sounded fairly positive on the long term India opportunity.

  • Pace of new launches picked up, and the target is to further drive up its contribution in coming years.

  • Distribution expansion also remains a focus in terms of both numeric reach and increasing the throughput.

  • Premiumisation is another key focus area and has been touching all segments.

Morgan Stanley

  • Maintained ‘underweight’ with target price of Rs 2,033 per share.

  • Nestle will continue to drive its penetration-led growth strategy.

  • Company expects 60% of the growth to be led by the core portfolio.

  • Current Ebitda margin remains optimal.

  • Aims to increase new products’ share of sales to 10%.

  • Distribution expansion will be led by improving depth of distribution.

Macquarie

  • Maintained ‘neutral’ with target price of Rs 2,250 per share.

  • Seeing opportunity at the premium end.

  • Focused on premium; hopeful of recovery from current lows.

  • Inflation has hurt milk and nutrition sales.

  • Out-of-home offers brand-building opportunity.

  • Coffee, cocoa and wheat inputs could see further inflation.

Brokerages On Titan 

Macquarie

  • Maintained ‘outperform’ with target price of Rs 4,150 per share.

  • Q3 saw slight Ebitda miss, on weak watch margin.

  • Jewellery margin was in line, but watch margin was weak.

  • Titan hopes to end FY25 with good YoY growth.

  • Awaits clarity on FY26 jewellery margin and whether continued gold inflation implies YoY flattish margin.

Morgan Stanley

  • Maintained ‘overweight’, with target price of Rs 3,876 apiece.

  • Slight miss on jewellery margins. Caratlane margins rose sharply.

  • PAT growth was lower, owing to custom duty related losses, which, per management, were fully realised in Q3.

Brokerages On Godrej Properties 

Bank Of America

  • Retained ‘buy’ with target price of Rs 3,600 per share.

  • On track to meet FY25 growth outlook despite a high base.

  • Company saw steady Q3. Fourth quarter launches are expected to help meet the annual target.

  • Commentary on demand trends remains positive.

  • Growth visibility on next 2-3 years remain high.

Jefferies

  • Maintained ‘buy’ but cut target price to Rs 3,525 from Rs 3,750 per share.

  • With the third quarter results, the company seems on track for guidance beat.

  • Launch pipeline well spread. There is strong cash collections.

  • Management sees still healthy property markets, with good response to new launches in multiple cities

Jefferies On Asian Paints

  • Maintained ‘underperform’ rating and slashed target price to Rs 2,000 from Rs 2,080.

  • Demand pain amid high competition.

  • Demand is expected to improve in a gradual manner with Q4 to also reflect pressures.

  • Ebitda margin is expected to stay at 18-20% in medium term.

  • Cut EPS by 4-8%; competition remains a concern.

Morgan Stanley On Tata Power

  • Maintained ‘overweight’ with target price of Rs 583 per share.

  • Third quarter was subdued.

  • Reported numbers were below estimates across business segments, except Mumbai and Odisha discoms.

  • Capex spend in fourth quarter would be Rs 10,000 crore.

  • RE commissioning is guided at 600MW in Q4.

Goldman Sachs On OMCs

  • IOCL: Upgraded to ‘neutral’ from ‘sell’; Hiked target price to Rs 110 from Rs 105.

  • BPCL: Upgraded to ‘buy’ from ‘neutral’; Cut target price to Rs 360 from Rs 360.

  • HPCL: Got a ‘buy’ upgrade from ‘neutral’; target price raised to Rs 400 from Rs 370.

  • OMCs set-up for improvement for FY26/27.

  • Crude oil price upside remains capped.

  • Expects an FCF recovery in FY26— a key driver of OMCs’ historical absolute stock price performance.

  • HPCL moving closer to capex completion and FCF inflection. Brokerage expects a 40% Ebitda CAGR in FY25-27.

  • BPCL’s valuations are below historical mean. With upcoming capex cycle, the brokerage expects 10% FCF yield into FY26.

  • IOCL stock has underperformed other OMCs. The risk-reward appears more balanced, the brokerage said.

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