Macquarie has maintained its 'Outperform' rating on five Indian stocks after their latest quarterly updates, with target prices implying up to 20% upside potential. According to reports from The Financial Express, the brokerage pointed to demand resilience, capacity expansion, improving profitability and multi-year growth visibility as key reasons behind its positive view across all five companies.
Macquarie retained its 'Outperform' rating on Trent with a 12-month target price of ₹3,600, implying a 15.9% upside from the reference price. As reported by The Financial Express, the brokerage said first-quarter operating EBITDA came in above both estimates and Street consensus, supported by better-than-expected gross margins and lower employee costs. Management's comments on demand and store additions strengthened confidence in the company's growth trajectory, with the brokerage highlighting constructive demand outlook and expansion into new markets through Zudio stores.
Macquarie reiterated its 'Outperform' rating on Avalon Technologies and raised its 12-month target price to ₹2,050, implying a 15.6% upside. According to The Financial Express, the brokerage increased its target after a strong June quarter where revenue, EBITDA and profit exceeded both estimates and Bloomberg consensus. Management increased FY27 growth guidance, with Macquarie expecting continued support from precision engineering, clean energy, aerospace, power and data centre opportunities.
Macquarie maintained its 'Outperform' rating on PB Fintech with a 12-month target price of ₹1,950, implying a 19.6% upside. As reported by The Financial Express, the brokerage said revenue growth remained strong while profitability stayed in line with expectations as operating leverage continued to improve. Total insurance premiums continued to grow faster than the industry, supported by product innovation and service quality, with management confident about dealing with potential regulatory changes.
Macquarie maintained its 'Outperform' rating on Marico and raised its 12-month target price to ₹965, implying an 11.1% upside. According to The Financial Express, the brokerage increased its earnings estimates after the company delivered a stronger-than-expected first quarter and raised EBITDA growth guidance for FY27. The brokerage liked strong market share gains in Parachute, continued momentum in value-added hair oils, improving premium personal care sales and sustained growth in foods, with management targeting consolidated sales of more than ₹150 billion and 20% EBITDA growth during FY27.
Macquarie retained its 'Outperform' rating on UNO Minda with a 12-month target price of ₹1,383, implying a 13.3% upside. As reported by The Financial Express, the brokerage said quarterly revenue exceeded estimates while management continued to expand product portfolio and manufacturing capabilities across core and electric vehicle-focused segments. Green mobility revenue grew 78% year on year during the quarter, with expansion into passenger vehicle seating, increasing alloy wheel and lighting capacity supporting the positive view.
