CLSA's Hold Call on Tata Steel

CLSA maintains a hold rating on Tata Steel with a target price of Rs 145. Analysts highlight the steel maker's in-line consolidated adjusted EBITDA and a 3% annual standalone volume growth, supported by capacity ramp-up and seasonal strength. Notably, Tata Steel's losses in Europe decreased, thanks to the Netherlands' return to profitability. A significant cost reduction of Rs 11,500 crore is anticipated across India, the UK, and the Netherlands by FY26.

Jefferies' Buy Rating on UPL

Jefferies upgrades UPL to a buy rating, raising the target price to Rs 810. The company showcased a robust EBITDA growth of 68% year-over-year in the Jan-March quarter, alongside healthy cash flows, reduced working capital, and an improved balance sheet, lowering its net Debt/EBITDA ratio to 1.7x.

Nomura's Reduce Rating on ABB

Nomura advises a reduce rating on ABB with a target price of Rs 4,970, citing below-consensus Jan-March figures. However, ABB reported a 4% higher order inflow than estimates, with base order inflows growing by 9.6% annually.

HSBC's Upgrade of IIFL Finance

HSBC upgrades IIFL Finance to buy, increasing the target price from Rs 380 to Rs 550. Analysts foresee a recovery in microfinance, enhanced system liquidity, and lower fund costs boosting earnings per share, despite potential competition in gold loans.

Motilal Oswal's Buy on Jindal Stainless

Motilal Oswal Securities recommends a buy on Jindal Stainless, targeting Rs 770. The company is poised for sustainable growth, expecting a 14% CAGR in revenue from FY25-27, driven by volume growth and net smelter return improvements, alongside anticipated deleveraging from strong cash flows.

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