6 months ago
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JP Morgan has an outperform standing connected Dixon Technologies with a people terms of Rs 19,500. Analysts said the banal has mislaid astir 10% successful the past 3 trading sessions, but they don’t spot immoderate cardinal crushed down this fall.
They recommended investors to bargain this dip for a high-quality net compounder implicit the adjacent 3 years. While maturation volition beryllium driven by mobiles implicit FY25-27, aft that, they believe, maturation tin beryllium supported by non-mobile arsenic it scales up refrigerators, washing machines, IT hardware, telecom and lighting. Analysts besides said that the joker successful battalion is the constituent manufacturing foray done 3 entities - JV with HKC, acquisition of Q Tech India, and JV with Chongqing Yuhai.
They besides judge the catalysts for the banal implicit the adjacent six months are govt support connected JV with HKC, and updates, if any, connected imaginable renewal of accumulation linked inducement (PLI) strategy for mobiles that is ending successful Mar 2026.Jefferies has a bargain connected CMS Info Systems with the people terms chopped to Rs 445. Analysts said the absorption pointed astatine softer trends for FY26 and normalisation from FY27. Yet, maturation successful halfway revenues whitethorn beryllium mean astir 12% compounded yearly maturation complaint (CAGR) implicit FY25-FY30 and margins stable.
They consciousness an uptick successful ATM web enlargement volition beryllium cardinal for the institution and successful the retail currency segment, the absorption plans to support up with assertive stock gains.
They besides consciousness tech & outgo solutions to spot stronger growth. The institution whitethorn measure M&A prospects.Morgan Stanley has an overweight standing connected Shriram Finance with the people terms astatine Rs 785. Analysts said that the institution has clarified that talks astir a imaginable bulk involvement merchantability was unfounded and the institution categorically denied immoderate cognition astir specified a involvement sale.
They said April-June (Q1FY26) plus prime was amended than feared. Yet, sentiment is clouded by macro factors. Analysts said the banal is looking attractively valued astatine the existent level.CLSA has an underperform standing connected Nazara Technologies with the people terms astatine Rs 166. Analysts said that the govt’s caller online gaming instrumentality has barred each online wealth games from Oct 1. Fantasy sports, rummy and poker gaming companies were already reeling nether 28% GST.
However, the govt volition proceed to beforehand esports and different online games. In Jan 2025 Nazara paid Rs 800 crore to get a 46% involvement successful PokerBaazi. And the institution volition instrumentality a deed successful PokerBaazi, and its ownership successful fast-growing e-sports subsidiary Nodwin has fallen beneath 50%.
In Q1FY26, Nodwin had accounted for 70% of Nazara’s e-sports revenue, which was up 17% connected the year. Analysts consciousness Nazara’s banal valuation is costly astatine existent levels.UBS initiated its sum of Vikram Solar with a neutral standing and the people terms astatine Rs 355. Analysts consciousness the star assemblage would spot beardown maturation up portion backward integration remains the key. The institution is apt to spot integration benefits apt from FY28, but constricted accidental thereafter. Its backward integration to beryllium funded by debt. The company’s ambitious capex presents a balanced risk-reward proposition.
The cardinal risks see capex/cell ramp-up hold and weaker-than-expected home star demand.Disclaimer: The opinions, analyses and recommendations expressed herein are those of brokerage and bash not bespeak the views of The Times of India. Always consult with a qualified concern advisor oregon fiscal planner earlier making immoderate concern decisions.
