A bunch of world and home brokerages have rolled out contemporary views on Coal India, IndiGo, Cipla, Godrej Properties, ASK Automotive and a number of other different firms as analysts assess the affect of power market volatility, management modifications, regulatory developments and sector-specific development developments.
Jefferies on Coal India
Maintain Buy; Hike TP to Rs 485 from Rs 450
Improving outlook and cheap valuations
After a 21% EPS decline over FY24–26, count on earnings trajectory to enhance with ~9% CAGR over FY26–28
Recovery in energy demand amid expectations of intense summer season and weak rains ought to increase volumes
Higher international coal costs might elevate e-auction costs
Despite rising captive manufacturing, Coal India has broadly retained its ~60% share in India’s coal demand
MS on Cipla
Maintain Underweight with TP of Rs 1,211
Recall of Lanreotide injection batches
Recall follows OAI classification at Pharmathen’s Radopi facility
May delay product resupply to the US market
Lanreotide amongst Cipla’s prime three US merchandise
Prolonged disruption might result in market share loss and draw back threat to FY27–FY28 earnings
Macquarie on NBFCs
RBI contemplating management transition norms much like banks
Move might finish regulatory arbitrage between banks and NBFCs
Private banks have a 15-year cap for government administrators and an age cap of 70 years
ED compensation additionally requires RBI approval
NBFCs at the moment don’t require such approvals and their boards resolve tenure and compensation
Shriram Finance adopted by Bajaj Finance prone to be most impacted and will must plan management transitions
Macquarie on Quick Commerce
Growth momentum slowing
Sequential development moderated from ~25% in H1 to about 5–10% in Q4FY26
Rising aggressive depth throughout micro-markets
Brokerage sees draw back threat to consensus expectations
Jefferies on IndiGo
Maintain Buy with TP of Rs 6,140
CEO exit; give attention to stability
Announced shock resignation of CEO Pieter Elbers, with co-founder Rahul Bhatia assuming interim cost
Under Elbers, IndiGo scaled up worldwide operations, initiated wide-body flying and launched new buyer propositions
Historically management transitions have been easy with founder oversight guaranteeing continuity
Key near-term watchpoints embody operational stability amid Middle East and crude turbulence, readability on summer season schedules and CEO succession
MS on India Energy
Limited investments within the oil provide chain, together with storage, are main to produce disruptions
Disruptions might speed up within the coming weeks
Energy safety considerations following the oil shock might result in re-rating of power shares
State-owned enterprises prone to profit
Reliance Industries, Indian Oil, Petronet LNG and HPCL seen rising stronger after the power provide shock
Jefferies on Banks
Assessing banks’ publicity to aviation amid Middle East battle
Banks have lent about Rs 50,000 crore to airways, roughly 0.2% of complete credit score combine
Majority publicity to Air India, adopted by IndiGo, SpiceJet and Akasa
Airline debt largely pushed by plane lease liabilities
Rising oil costs and operational disruptions could lead on airways to hunt authorities help or larger working capital loans
Restructuring threat seems restricted
Indian Bank, Bank of Baroda, SBI and Yes Bank have comparatively larger publicity
CLSA on Banks
Blue-chip banks on hearth sale; sees 25%+ returns for HDFC Bank and ICICI Bank
Despite enhancing outlook, each shares are down 5–15% YTD
Believes investor considerations round HDFC Bank’s LDR are prone to fade as RBI isn’t targeted on this metric
Expects HDFC Bank’s core PPOP to develop at ~18% CAGR over FY26–28 versus ~12% over FY24–26
For ICICI Bank, pickup in retail mortgage development from present ~7% YoY might drive total mortgage development
Strong web slippage ratios in latest quarters might result in decrease credit score prices and potential re-rating
CLSA on ASK Automotive
Maintain Outperform with TP of Rs 630
Growth intact with enticing valuation
Strong development and excessive capital effectivity at about 17x earnings
Channel checks recommend authorities might discover alternate options to ABS
Even if ABS mandate continues, affect on ASK’s topline estimated at simply ~4%
UBS on Bajaj Auto
Maintain Sell with TP of Rs 9,015
Maharashtra accounts for ~17% of Bajaj’s home ICE three-wheelers and ~15% of complete three-wheelers
ICE three-wheelers command margins above 30%, growing the profitability affect
Bajaj most uncovered with ~87% market share within the Maharashtra ICE 3W business
HSBC Global Strategy
Max obese equities
Recent worth motion suggests peak worry with positioning indicators resembling pandemic-type extremes
Strategy now max obese equities and fading latest strikes
Prefer Asia and Europe probably the most, US the least
Also different asset lessons which will have overshot, as risk-on view stays intact
Jefferies on Godrej Properties
Maintain Buy with TP of Rs 2,700
Promoters bought a 3.5% stake from the market, reflecting confidence in long-term residential demand
Management targeted on scaling up development
Operating money circulate surplus anticipated to rise considerably in FY27
Reported RoE goal of 20% stays on observe.
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