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Top Picks for May 2: Ambuja Cements and Adani Green Lead Brokerage Recommendations

Goldman Sachs Recommends Trent with a Target of Rs 6,970

Analysts at Goldman Sachs have issued a 'buy' recommendation for Trent, setting a target price at Rs 6,970. The company's margins exceeded expectations, with operating costs significantly lower than estimated, leading to an expansion in operating margins. Despite weaker gross margins, the management highlights the full year's profitability as a more accurate reflection of the business's health.

Motilal Oswal Bullish on Varun Beverages

Motilal Oswal Financial Services has assigned a 'buy' rating to Varun Beverages, targeting Rs 665. The company's consistent volume growth in the domestic market and successful expansion into international markets, particularly South Africa, underpin this optimistic outlook. The management is confident in achieving double-digit growth, supported by industry tailwinds and strategic market expansions.

Ambuja Cements: A Solid Bet According to Elara Securities

Elara Securities India reaffirms its 'accumulate' stance on Ambuja Cements, maintaining the target price at Rs 616. The firm is poised for robust volume growth, driven by strong demand, operational enhancements, and capacity expansions. While recent cement price increases bolster near-term margins, ongoing cost-saving measures aim to sustain margins in the medium term.

Adani Green Energizes Portfolio with Strong Performance

Emkay Global Financial Services has a 'buy' rating on Adani Green, with a target price of Rs 1,500. The company has seen an uptick in operational capacity and improved Capacity Utilization Factor, resulting in heightened power sales. Despite delays in the Khavda project due to rains, the FY26 guidance remains strong at 5GW, with 1GW expected to be operational shortly.

Ambuja Cements, Adani Green & more: Top stocks on brokers' radar for May 2

Disclaimer: The opinions and recommendations provided are for informational purposes only and do not reflect the views of The Times of India. Consult a financial advisor before making investment decisions.