Coal India Ltd., Piramal Enterprises Ltd., Indian Oil Corp., Indraprastha Gas Ltd., Tata Steel Ltd., and Balkrishna Industries Ltd. are among the top companies on brokerages’ radar on Tuesday.

Further, analysts have also given their take on Reserve Bank of India’s liquidity measures that were announced on Monday. Various special measures include purchases of open market operations, longer tenure variable rate repo auctions and interventions in the foreign exchange market.

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

JPMorgan On Coal India

  • Retain a ‘neutral’ rating on the stock with a target price of Rs 435 apiece.

  • Third-quarter fiscal year 2025 profit after tax in line with expectations.

  • Improved e-auction premium is seen as a positive factor.

  • Production growth concerns need to ease to support a more optimistic outlook.

Jefferies On Coal India

  • Retain a ‘buy’ rating on the stock with a target price of Rs 475 apiece.

  • Third-quarter cash Ebitda declined year-on-year but was slightly above estimates, driven by better-than-expected realisations.

  • Maintain a positive outlook, believing India’s strong economic growth should support healthy coal volume growth.

  • The significant decline in e-auction prices appears to be behind.

Citi On Piramal Enterprises

  • Retain a ‘sell’ rating on the stock with a target price of Rs 800 apiece.

  • Run-down in Wholesale 1.0 assets under management has gathered some pace.

  • Adjust a 30% haircut on the run-down against alternative investment fund and provision release.

  • Microfinance institution quality continues to deteriorate, though other segments remain stable.

Jefferies On Indian Oil Corp

  • Retain a ‘buy’ rating on the stock and lower the target price to Rs 170 apiece from the earlier Rs 185 per share.

  • Ebitda missed estimates due to weak refining caused by inventory loss and minor miss in marketing.

  • Marketing margins have moderated but remain significantly above normalised levels.

  • Reduce earnings per share estimates for fiscal years 2025 to 2027 by 52%, 42%, and 37%, respectively, on lower refining profitability, reduced availability of advantaged crude, and lower premium over Singapore gross refining margin.

Brokerages On RBI Liquidity Measures

Jefferies:

  • The Reserve Bank of India is replenishing liquidity, which is positive for banks and non-banking financial companies.

  • Liquidity measures include a Rs 1.1 trillion package, comprising open market operations, 56-day repos, and $5 billion USD/INR swaps.

  • These measures are likely to ease liquidity and interest rates, particularly ahead of fiscal year-end tightness.

  • Market participants should watch for potential easing measures on liquidity coverage ratio or other aspects during the February 7 monetary policy meeting.

Morgan Stanley:

  • The Reserve Bank of India has adopted a multi-pronged approach to liquidity management, likely to augment durable liquidity amid adverse seasonal factors in the second half of the fiscal year and volatility from capital flows.

  • These measures are expected to help bridge deficits and reduce tightness in financial conditions marginally.

  • Anticipate continued liquidity-enhancing measures in the March 2025 quarter, considering seasonal factors.

  • Project a shallow interest rate easing cycle commencing from February policy, influenced by domestic growth-inflation conditions.

Citi

  • Liquidity measures are expected to address some challenges related to deposit and credit growth.

  • Viewed as sentimentally positive for banks with stretched loan-to-deposit ratios, such as HDFC Bank, Axis Bank, Federal Bank, and Bank of Baroda.

  • Easing wholesale rates are likely to relatively benefit LIC Housing, Bajaj Finance, and Mahindra & Mahindra Finance.

Citi On Indraprastha Gas

  • Retain a ‘buy’ rating on the stock and a target price of Rs 450 apiece.

  • Third-quarter results were not as bad as anticipated, with partial administrative price mechanism restoration marking the bottom for margins.

  • Await further commentary on outlook for Ebitda margins, volume growth, and proposed value unlocking strategies.

Morgan Stanley On Tata Steel

  • Retain an ‘equal-weight’ rating on the stock and a target price of Rs 160 apiece.

  • Strong third-quarter results domestically, with standalone Ebitda 24% above estimates due to lower costs, particularly in “other” operating expenses.

  • Performance in the United Kingdom was largely in line, while operations in the Netherlands and “other” segments performed better.

Citi On Petronet LNG

  • Retain a ‘sell’ rating on the stock with a target price of Rs 310 apiece.

  • A softer-than-expected third-quarter performance, with Ebitda 18% below estimates.

  • Lower utilisation at Dahej liquefied natural gas terminal, may remain subdued in the near term.

  • Miss against expectations was attributed to a higher reversal of provisions factored in for use-or-pay dues for calendar year 2021.

Morgan Stanley On Petronet LNG

  • Retain an ‘equal-weight’ rating on the stock and a target price of Rs 400 apiece.

  • Miss on market share with a 2% decline in volumes during the quarter, despite a 9% increase in liquefied natural gas imports.

  • Profit was below consensus estimates.

  • Higher liquefied natural gas prices are expected to act as a near-term headwind.

UBS On Siemens

  • Upgrade to a ‘buy’ rating from ‘neutral’ and set a target price of Rs 8,000 apiece.

  • Believe markets are underappreciating order resilience, earnings sustainability, and the expanding total addressable market.

  • Siemens’ business mix is more diversified and resilient compared to peers.

  • Consensus estimates are not reflecting the full potential of the global energy cycle.

  • Expect increased exports from capacity expansion and demerger.

  • Recent derating is attributed more to muted government capital expenditure than fundamental concerns on orders and earnings.

  • Favor the current risk-reward outlook, with the stock trading closer to its five-year average valuations.

Nomura On Balkrishna Industries

  • Upgrade to a ‘buy’ rating from ‘neutral’ and set a target price of Rs 3,242 apiece.

  • Third-quarter performance in line with expectations.

  • Anticipate benefits from a demand recovery.

  • Expect diversification into off-the-road tires and the United States market to gain momentum starting from the fiscal year ending March 2026.

  • View valuations as attractive.

. Read more on Markets by NDTV Profit.NDTV Profit tracks what analysts are saying about various stocks and sectors. Here are the analyst calls to keep an eye out for on Tuesday:  Read MoreMarkets, Business, Notifications 

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