Kamal Ghorui
Yes Securities has a buy recommendation on Amber Enterprises with the target price at Rs 8,962. Analysts said Amber Ent has started to witness strong traction as it has significantly increased its capabilities and is now focusing on value addition that will drive growth and margins. Railways business revenue is expected to double in the next two financial years. Considering strong April-Dec 2025 performance and continued execution excellence, the analysts have increased their earnings estimates for FY27 and FY28.ICICI Securities maintained its add rating on Titan with the target price at Rs 4,500. Analysts said that though Titan’s strong jewellery sales growth during Oct-Dec 2025 (Q3FY26) amid inflated gold price regime is primarily led by higher ticket sizes, it does unravel a relatively lower volume elasticity, suggesting resilient underlying demand. They believe margin sustenance within the normative range of 11-11.5% may be a key monitorable as high gold price-led margin dilution in the studded segment and higher coin salience could continue to weigh on jewellery margins. CaratLane continues to scale up well along with improving profitability. Watches and Eyecare witnessed strong sales growth, while emerging businesses sustained demand traction. Analysts said they remain cognizant of the fact that continued rise in gold prices could impact consumer behaviour/ business model.Motilal Oswal Securities reiterated its sell rating on Eicher Motors with the target price at Rs 6,313. Analysts said that the company’s robust domestic volume growth for Royal Enfield in FY26 so far has largely been a function of GST rate cut benefits. However, demand seems to have now normalized after an initial surge in pent-up demand. Further, given that management would continue to focus on ‘growth over profitability,’ it would mean that margin upside is likely to be capped from hereon. Given the expected slower earnings growth, analysts see no reason for the stock to trade at premium valuations.Emkay Global Financial Services has a buy rating on Star Cement with the target price raised to Rs 300 from Rs 280 earlier. Analysts said the company’s reported consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA) was above the brokerage’s estimate due to higher-than-expected realization. Analysts like Star cement’s regional dominance and endeavour toward stretching its leadership over peers in the northeastern market. Further, entry into Rajasthan is likely to help it shed the tag of a regional player and establish its brand in North India too.Elara Securities has an accumulate rating on Lemon Tree Hotels with the target price at Rs 157. Analysts said Lemon Tree Hotels reported in-line operational performance. Asset addition pipeline continues to swell for the hospitality company, driven by managed hotels, but new hotel openings have been sluggish. Growth in the next two years will be driven by mix improvement at Aurika Mumbai, opening of the 91-key Aurika at Shimla in FY27, higher management fee income and double-digit RevPAR growth for the owned portfolio. LEMONTRE is the best stock to play on growth in the mid-market hotel segment but partial gains on profitability due to the industry upcycle are being eroded by recurring renovation expenses.(Disclaimer: The opinions, analyses and recommendations expressed herein are those of brokerage and do not reflect the views of The Times of India. Always consult with a qualified investment advisor or financial planner before making any investment decisions.)
