Brokerage Radar: Analyst Calls on Zomato, GAIL, Oberoi Realty, and More

Top brokerage firms have shared their latest views on stocks like Zomato, GAIL, Oberoi Realty, and more. As the economy evolves, analysts are paying close attention to various sectors, identifying growth opportunities while also expressing concerns about overall market valuations.

Zomato (CMP: Rs 280)

Analysts are particularly optimistic about Zomato's performance in quick commerce. Here are the latest recommendations:

• CLSA: Outperform; the target price has been raised to Rs 370 from Rs 353.

  • Blinkit, Zomato's quick commerce service, is witnessing impressive growth at 122% year-on-year, outshining Swiggy's 76%.

  • Even with competitors in the field, Zomato remains significantly larger than Swiggy in the quick commerce segment, being 81% larger.

• Morgan Stanley: Overweight, target price set at Rs 355.

• Bernstein: Outperform, with a target of Rs 335.

GAIL (CMP: Rs 199)

As for GAIL, the analyses highlight the company's growth driven by India's strong gas demand. The following perspectives have emerged:

• Jefferies: Buy, with a target lowered to Rs 235 from Rs 240.

  • The robust demand for gas in India is influenced by new production and pipeline expansions.

  • GAIL's EBITDA CAGR is projected at nine percent for the fiscal years 2024 to 2027.

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

Oberoi Realty (CMP: Rs 2060)

The real estate sector looks to be on a growth trajectory as indicated by analysts in their recent reviews:

• Nomura: Buy, target set at Rs 2,500.

  • Oberoi Realty is anticipated to see a remarkable 40% CAGR in pre-sales from FY24 to FY27.

  • Annual operating cash flows between Rs 3,000 and Rs 4,000 crore are expected until FY27.

Cement Sector Insights

Goldman Sachs also shared their insights on the cement sector:

• Ultratech Cement: Buy, with an increased target of Rs 12,460.

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

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

Supreme Industries (CMP: Rs 4,763)

In the industrial sector, Supreme Industries is gaining attention:

• Jefferies: Buy, target set at Rs 6,450.

  • An expected earnings per share (EPS) CAGR of twenty-two percent over FY24-27.

  • The company's pipes capacity is set to grow by thirteen percent year-on-year by FY25.

Dixon Technologies (CMP: Rs 16,866)

Lastly, analysts have a favorable outlook on Dixon Technologies:

• CLSA: Outperform, raising the target to Rs 18,800 from Rs 12,100.

Zomato, GAIL, Oberoi, Cement, Supreme, Dixon