Asian Paints received contrasting broker recommendations following its strong Q1 performance. According to reports from NDTV Profit, GS maintained a Sell rating but raised the target price to ₹2,725 from ₹2,575, citing margin moderation ahead as benefits from low-cost inventory normalize. However, Jefferies upgraded to Buy with a target price of ₹3,350 from ₹3,300, highlighting the company's strong quarterly results with revenue growth reaching multi-year highs and margins surprising positively. Management expects volume growth to remain in the 8-10% range for FY27 despite inflation pressures.
Dabur's Q1 performance was described as in-line by most brokerages, with the company achieving PAT growth faster than revenue growth. As reported by NDTV Profit, GS maintained a Neutral rating but cut the target price to ₹485 from ₹515, while Jefferies upgraded to Buy with a target of ₹610, noting that the stock trades at a significant discount to peers. Macquarie maintained an Underweight rating with ₹425 target, expressing concerns about continued growth volatility in beverages and the company's ability to balance market share and profitability. Management indicated double-digit profitable growth is possible if geopolitical conflicts cease, with the company facing 8% inflation in Q1 that was mitigated through pricing actions.
Adani Ports delivered strong Q1 results driven by international volumes and inorganic additions, according to NDTV Profit reports. JPMorgan maintained an Overweight rating with a target price of ₹2,000, highlighting the company's cargo mix with containers gaining share and coal dependence reducing. GS maintained a Buy rating with ₹1,870 target, noting strong ramp-up at new assets and multiple growth levers coming together. Macquarie and Bernstein both maintained Outperform ratings with targets of ₹1,860 and ₹1,880 respectively, with Bernstein noting the company's healthy balance sheet at 1.9x net-debt/EBITDA. The company's FY27 guidance is tracking broadly in line with expectations for mid-double-digit growth in revenue and EBITDA.
Eicher Motors received positive broker calls with multiple upgrades, as reported by NDTV Profit. Citi maintained Buy with a target of ₹8,850, citing Q1 results slightly ahead of estimates and capacity expansion on track. Jefferies upgraded to ₹9,300 target noting strong volumes and expanding capacity, while MS maintained Equal-weight at ₹7,763 with expectations of Q2 run rate potentially 10% ahead of Q1. Colgate faced mixed recommendations with GS maintaining Sell but raising target to ₹2,050 due to growth improvement from low base, while Jefferies upgraded to Buy at ₹2,650 highlighting high A&P investments. Citi maintained Sell at ₹2,000 citing margin trade-offs from increased advertising spending despite better gross profitability.
According to Swastika Investmart Ltd. technical outlook, Nifty continues to trade around the 24,000 mark with 24,135–24,262 acting as immediate resistance levels. Eternal is showing a classical flag formation breakout after establishing a base above its 200-day moving average, with ₹280 identified as important support and ₹350 watched as potential upside if momentum continues. Prestige Estates Projects has been highlighted as another stock to monitor, forming a flag pattern in the real estate sector. Major companies including Adani Enterprises, Asian Paints, Dabur India, Eicher Motors, and KPIT Technologies are scheduled to announce Q1 results today, while United Spirits has been included in the watchlist due to improving liquor segment momentum.
