Grasim Industries: A Bright Future Ahead

ICICI Securities has reaffirmed its 'buy' rating for Grasim Industries, setting a target price of Rs 3,093. The company's management is optimistic about the expansion of its new paint business, buoyed by the initial success and market acceptance of its products. Grasim is on course to achieve a significant share in the industry and is poised to make a strong entry into the premium decorative paint segment. With anticipated growth in institutional sales and efforts to optimize capacity utilization, Grasim aims for Rs 10,000 crore in revenue and EBITDA breakeven by FY28.

Tata Motors: Driving Towards Success

Macquarie has rated Tata Motors as 'outperform' with a target price of Rs 826. The key factors to watch include the management's confidence in achieving a net cash balance sheet for JLR by March 2025, a positive growth outlook in the US, and signs of recovery in the EU and UK markets. Despite potential volume risks in China, Tata Motors is expected to gain market share in the domestic CV segment.

One97 Communications (PayTM): A Neutral Stance

Motilal Oswal Financial Services maintains a 'neutral' rating on One97 Communications, setting a target price of Rs 870. Analysts are cautious due to the challenging macro-environment and are monitoring the financial distribution business and UPI market share closely. The introduction of a merchant discount rate on UPI payments could significantly boost PayTM's revenue and encourage market share growth in consumer payments.

Tata Communications: A Promising Investment

JM Financial has initiated coverage on Tata Communications with a 'buy' rating and a target price of Rs 2,030. The company's data business is expected to see robust growth, with data segment EBITDA projected to grow at a CAGR of ~21% over FY24-28. However, potential risks include a weak global macroeconomic environment and adverse AGR rulings.

Pidilite Industries: Focused Growth Strategy

InCred Equities has given Pidilite Industries an 'add' rating with a target price of Rs 3,470. The company is focusing on building targeted portfolios and expanding distribution to drive growth in underserved markets. Despite near-term demand pressures, Pidilite aims for double-digit UVG in the medium term.

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