2 months ago
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ARTICLE AD BOX
CLSA has downgraded Dixon Technologies to clasp from outperform with the people terms chopped to Rs 12,100 from Rs 15,800 earlier. Analysts said the representation manufacture is entering a ace cycle, driven by AI’s appetite for high-bandwidth representation (HBM) and DDR5, portion mainstream retention faces tightening proviso and rising costs.
India’s dependence connected imports leaves it exposed to this planetary squeeze, particularly arsenic representation manufacturers prioritise high-margin AI-grade memory. As a result, representation prices person already surged. They judge smartphone volumes are astatine risk, arsenic rising representation costs could inflate mean selling prices by 10-25%, disproportionately impacting the lower-end user segment. Analysts downgraded the banal fixed risks to low-end smartphone volumes and concerns astir medium-term maturation visibility.Jefferies has a bargain connected Alkem Labs with the people terms astatine Rs 6,550. Analysts said the absorption precocious discussed their Medtech strategy and caller Occlutech acquisition. Taking the inorganic route, Alkem has built divisions implicit 2 years and has focused connected ortho and present cardiac segments. The institution present plans to consolidate these acquisitions and standard up its concern organically. Though nascent astatine present, implicit the adjacent 5 years the absorption envisions Medtech income of Rs 1,000 crore and 20-25% net earlier interest, taxes, depreciation and amortisation (EBITDA) margins.
Motilal Oswal Securities has a bargain connected Tata Steel with the people terms astatine Rs 240. Analysts said they stay constructive connected the backmost of a beardown home request outlook, safeguard duty-led terms support, ongoing capableness expansions and a gradual turnaround successful its EU business. They expect capableness enlargement to thrust Tata Steel’s net amid request upswing. They besides expect alloy prices to recover, backed by safeguard duty, Carbon Border Adjustment Mechanism (CABM) and China’s proviso discipline.
Analysts are besides expecting breakeven for European operations.Citigroup has a bargain connected LIC Housing with the people terms astatine Rs 730. Analysts consciousness that the company’s banal is the slightest costly and the institution is conspicuously overlooked arsenic a lodging concern institution pursuing pronounced underperformance crossed 3/6/12 months. Its existent terms embeds blimpish 11.5% instrumentality connected equity (RoE)/4% indebtedness maturation medium-to-long-term assumptions, creating a compelling introduction valuation for diligent capital.
The absorption is actively recalibrating strategy, enhancing distribution, elevating cause productivity, scaling direct/lead generation, exploring co-lending, and expanding capableness successful the self-employed and affordable segments. Analysts consciousness risk-reward looks compelling for the banal with constricted downside.Goldman Sachs has a bargain connected Eicher Motors with the people terms raised to Rs 9,200 from Rs 8,600 earlier.
Analysts consciousness station the GST cuts successful Sept 2025 connected sub 350cc motorcycles, Eicher's Hunter 350cc has steadily re-rated to a 20k per period measurement tally complaint successful the home marketplace (vs 15k per period 12 months ago). They besides expect portion of the announced capableness acceleration implicit adjacent 24 months to enactment much measurement maturation connected Hunter 350cc (especially heading into a wage committee signifier successful FY28 and beyond).
Analysts raised the company’s net per stock (EPS) estimates for FY26 to FY28 by up to 3%.(Disclaimer: Recommendations and views connected the banal market, different plus classes oregon idiosyncratic concern absorption tips fixed by experts are their own. These opinions bash not correspond the views of The Times of India)
