Citi on LIC Housing: The brokerage has a 'buy' call on the stock with the target at Rs 565 per share. It noted that the company's PAT is below estimations due to higher provisions and opex.
Citi on Tech Mahindra: The brokerage has a 'buy' rating on the stock with the target at Rs 1,380 per share. The company has reported good first-quarter results with revenue/EBIT above expectations, the brokerage said.
Citi on TVS Motor: The brokerage has a 'sell' call on the stock with the target at Rs 530 per share. The brokerage is surprised by the company's first-quarter realisations that drove the slight EBITDA beat, but higher capital costs resulted in a PAT miss, it said.
Goldman Sachs on Tech Mahindra: The brokerage has a 'neutral' rating on the stock with the target at Rs 1,059 per share. It noted that the company has done better than expectations in this quarter but it remains on the sidelines given the lack of broad-based digital capabilities.
Jefferies on TVS Motor: The brokerage has a 'buy' rating on the stock with the target at Rs 800 per share. The company reported its highest-ever gross-profit-per-vehicle, the brokerage said, adding that it is also turning aggressive on electric vehicles.
JPMorgan on Tech Mahindra: The brokerage has a 'buy' rating on the stock with the target at Rs 1,250 per share. The company has reported strong Q1 earnings, the brokerage said, with a beat across revenues, margins, and profits.
JPMorgan on Colgate: The brokerage has a 'neutral' rating on the stock with the target at Rs 1,850 per share. The company's unexciting revenue momentum and peak margin mean there are no catalysts for EPS upgrades, the brokerage said.
Macquarie on LIC Housing: The brokerage has an 'outperform' rating on the stock with the target at Rs 600 per share. According to the brokerage, LIC Housing had a very weak quarter and the asset quality is disappointing.