Brokerage Radar: Analyst Insights on Zomato, GAIL, Oberoi Realty, and Others

Leading brokerage firms have recently released their evaluations on various stocks including Zomato, GAIL, Oberoi Realty, and several others. Analysts are particularly focused on identifying growth opportunities, while also noting valuation concerns across different sectors. The rapidly changing economic landscape is influencing these evaluations, prompting brokerages to assess which stocks are poised for growth amidst valuation pressures. Here, we present a summary of the latest recommendations by analysts.

Zomato (CMP: Rs 280)

Brokerages have shown a favorable outlook for Zomato:

• CLSA: Outperform; target revised to Rs 370 from Rs 353.

  • Blinkit's quick commerce growth is impressive at 122% year-on-year, surpassing Swiggy's 76% growth.

  • Zomato holds a significant lead, being 81% larger than Swiggy in the quick commerce segment.

• Morgan Stanley: Overweight; target set at Rs 355.

• Bernstein: Outperform; target at Rs 335.

GAIL (CMP: Rs 199)

Moving on to GAIL, analysts present a varied outlook:

• Jefferies: Buy; target lowered to Rs 235 from Rs 240.

  • India's growing demand for gas is expected to rise, backed by new production and pipeline enhancements.

  • The EBITDA CAGR is projected at 9% from FY24 to FY27.

• Morgan Stanley: Overweight; target adjusted to Rs 248 from Rs 258.

Oberoi Realty (CMP: Rs 2060)

For Oberoi Realty, analyst opinions trend positively:

• Nomura: Buy; target set at Rs 2,500.

  • A robust 40% CAGR in pre-sales is expected from FY24 through FY27.

  • Projected annual operating cash flows are between Rs 3,000 and Rs 4,000 crore until FY27.

Cement Sector Insights

Analysts are also weighing in on the cement sector:

• Goldman Sachs:

  • Ultratech Cement: Buy; target increased to Rs 12,460.

  • Shree Cement, Dalmia Bharat, Ambuja Cement: Neutral.

  • ACC: Sell; target raised to Rs 2,345.

Supreme Industries (CMP: Rs 4,763)

Further analysis on Supreme Industries indicates:

• Jefferies: Buy; target set at Rs 6,450.

  • The EPS CAGR is anticipated at 22% from FY24 to FY27.

  • Pipes capacity is predicted to grow by 13% year-on-year by FY25.

Dixon Technologies (CMP: Rs 16,866)

Lastly, Dixon Technologies is being recommended:

• CLSA: Outperform; target increased to Rs 18,800 from Rs 12,100.

Overall, as retail investors and market watchers navigate the complex landscape, these insights from top brokerage firms could provide guidance on potential investment avenues in an ever-evolving economic environment.

Brokerage, Stocks, Recommendations