Eicher Motors Downgraded by UBS

UBS has revised its stance on Eicher Motors, downgrading it to 'neutral' from 'buy'. The revised price target is now Rs 5,650, marking a 14% increase from the previous Rs 5,950. The downgrade follows a significant margin miss in the Oct-Dec quarter, attributed to higher launch expenses, increased marketing during the festive season, and a weaker product mix.

Apollo Tyres: A Buy Recommendation by Nirmal Bang

Nirmal Bang Institutional Equities recommends a 'buy' on Apollo Tyres, setting a target price of Rs 529, a 27% increase. The recommendation is based on the company's improving margin and domestic volume outlook, its strategic entry into new export markets, and its strong performance in the EU.

Escorts Kubota: Nuvama's Top Pick

Nuvama has issued a 'buy' recommendation for Escorts Kubota, with a target price of Rs 3,800, indicating a 21% potential upside. The optimism stems from expected revenue CAGR of 15% over FY25–27E, supported by Global Kubota's export opportunities and product development support.

Aurobindo Pharma: Axis Securities' Recommendation

Axis Securities recommends a 'buy' on Aurobindo Pharma, with a target price of Rs 1,500, a 31% increase from current levels. The recommendation is buoyed by the company's strategic capex investments in Biosimilars and Pen-G (API), despite mixed segment performances.

Nalco: Emkay Global's Buy Call

Emkay Global Financial Services has a 'buy' recommendation on Nalco, with a price target of Rs 275, suggesting a significant 505% upside. The recommendation follows Nalco's solid quarterly performance, driven by higher alumina export volumes and elevated alumina prices, despite a delay in the alumina refinery project.