Brokerage Insights: Analyst Recommendations on Zomato, GAIL, Oberoi Realty, and More

Leading brokerage firms have recently provided insights on various stocks, including Zomato, GAIL, and Oberoi Realty, emphasizing the potential for growth in certain sectors while expressing concerns about valuations across the broader market. In particular, the real estate industry appears to be flourishing, while quick commerce services, such as those offered by Zomato, are proving to outperform their competitors.

Zomato (CMP: Rs 280)

Analysts have positive outlooks for Zomato:

• CLSA: Outperform; target raised to Rs 370 from Rs 353.

  • Blinkit’s impressive quick commerce growth saw a 122% increase year-on-year, surpassing Swiggy’s growth of 76%.

  • Zomato remains significantly ahead of Swiggy, holding an 81% larger market share in quick commerce.

• Morgan Stanley: Overweight, target at Rs 355.

• Bernstein: Outperform, target at Rs 335.

GAIL (CMP: Rs 199)

Insights on GAIL show optimism:

• Jefferies: Buy; target reduced to Rs 235 from Rs 240.

  • The demand for gas in India is strong, bolstered by new production and pipeline expansions.

  • Projected EBITDA growth is around nine percent annually from FY24 to FY27.

• Morgan Stanley: Overweight; target reduced to Rs 248 from Rs 258.

Oberoi Realty (CMP: Rs 2060)

Analysts predict robust growth for Oberoi Realty:

• Nomura: Buy; target at Rs 2,500.

  • Expected pre-sales growth of forty percent CAGR between FY24 and FY27.

  • Operating cash flows are projected to be between Rs 3,000-4,000 crore annually until FY27.

Cement Sector Outlook

Insights from the cement sector also indicate varied recommendations:

• Goldman Sachs:

  • Ultratech Cement: Buy; target raised to Rs 12,460.

  • Shree Cement, Dalmia Bharat, Ambuja Cement: Neutral.

  • ACC: Sell; target raised to Rs 2,345.

Supreme Industries (CMP: Rs 4,763)

Investment insights suggest optimism for Supreme Industries:

• Jefferies: Buy; target at Rs 6,450.

  • EPS is expected to grow at a CAGR of twenty-two percent over FY24-27.

  • The capacity for pipes is forecast to increase by thirteen percent year-on-year by FY25.

Dixon Technologies (CMP: Rs 16,866)

Analyst views on Dixon Technologies are also positive:

• CLSA: Outperform; target increased to Rs 18,800 from Rs 12,100.

Brokerage, Stocks, Analysis