Kamal Ghorui
Kotak Institutional Equities has a buy on TCS with the target price at Rs 3,100. Analysts said the company delivered an in-line quarter, aided by improved momentum in the international business and stable profitability. Bookings were strong and included three mega deals. They also said that TCS appeared to be moving out of a patch of unusual underperformance, driven by BSNL deal ramp-down, insourcing and program completions. The stock price has declined by 19% in the past year, underperforming peers during a cyclically weak phase. However, they feel FY27 should see a meaningful narrowing of the growth differential with peers. GenAI readiness is also becoming more visible through targeted workforce interventions, broader AI-investments and a sharper consulting push. Analysts remained constructive on the stock and raised earnings per share (EPS) estimates by 3% on revised currency assumptions.Nomura has a neutral rating on Eicher Motors with the target price at Rs 7,827. Analysts said the company has launched Flying Flea, the electric version of the Royal Enfield brand of bikes. The company showcased several innovative technologies, but they feel further iterations may be needed for mainstream adoption. The key features of the model are a 3.5-inch round thin film transistors with joystick interface and an industry-first rotary mode switch; multiple ride modes including a configurable custom mode; lean-angle sensing anti-lock braking system; cruise control, voice assist, over-the-air updates, and live location sharing. Analysts believed the product needs to evolve further on battery size, charging, and comfort for it to appeal to mainstream motorcycle customers.HSBC has a hold rating on Delhivery with the target price raised to Rs 500. Analysts believe Delhivery’s share price has stayed resilient despite West Asia conflict-led concerns of fuel inflation and demand-destruction. India’s pump prices are yet to rise and in the 2020-22 phase the company has shown that it can mitigate spikes. Analysts feel that the near-term demand remains robust. They raised FY28 earnings before interest, taxes, depreciation, and amortisation (EBITDA) estimates by 2% on higher Q4FY26 volumes.Morgan Stanley maintained its overweight rating on JSW Steel with the target price at Rs 1,330. Analysts said that the company’s Q4FY26 production was impacted by blast furnace shutdown for expansion. The company’s domestic volumes were down 1% on an annual basis but are flat sequentially, while consolidated volumes declined 2% on the year. Sales volumes are likely being supported by inventory destocking. They said they would await further clarity from upcoming results.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)
