Jefferies Rates Mahanagar Gas as 'Underperform'

Jefferies has assigned an 'underperform' rating to Mahanagar Gas, setting a target price at Rs 1,220. Analysts highlight a 18% reduction in APM gas allocation, leading to a significant 26% drop in CNG volume coverage. They project flat EPS for FY25–27, citing strong volume growth but compressed margins.

Nuvama's 'Buy' Call on ICICI Lombard General Insurance

Nuvama maintains a 'buy' rating on ICICI Lombard General Insurance, albeit with a reduced target price of Rs 2,100 from Rs 2,400. The company reported a 10.2% annual growth in gross written premium, impacted by weaker vehicle sales and deferred accounting of long-term products. Analysts note an increase in loss ratio to 71.6%, partially offset by lower expense ratios.

Nomura's Positive Outlook on Aditya Birla Real Estate

Nomura recommends a 'buy' on Aditya Birla Real Estate with a target price of Rs 2,700. The company's Jan-March pre-sales surged 96% year-on-year to Rs 5,700 crore, driven by strong performances in Gurugram and Bengaluru. With a robust launch pipeline for FY26, including the third tower of the flagship Niyaara Project in Worli, the company is poised for continued growth.

Morgan Stanley's 'Equal Weight' on IndusInd Bank

Morgan Stanley assigns an 'equal weight' rating to IndusInd Bank, with a target price of Rs 755. The bank's derivative loss estimate is confirmed at 2.35% of Oct-Dec FY25 net worth by an external audit. Analysts await further clarity from the comprehensive audit report and insights from upcoming earnings.

Investec Upgrades Eicher Motors to 'Hold'

Investec has upgraded Eicher Motors from 'sell' to 'hold', raising the target price to Rs 5600. The upgrade reflects the company's aggressive strategies to expand its market and the potential bottoming out of margins. Royal Enfield's rebound, with a 15% volume increase in Oct-March FY25, underscores the positive shift.

Disclaimer: The opinions and recommendations are from brokerage analysts and not reflective of The Times of India's views. Consult a qualified advisor before making investment decisions.