Broker’s Top Picks: GMR Airports, Grassim, Ashok Leyland, Divies Labs and Brokerage firms on CONCOR

Mumbai: The shares of several major companies are on the radar of brokerage firms in the Indian stock market today. These include GMR Airports Infrastructure, Grassim Industries, Ashok Leyland, Divise Laboratories and Container Corporation of India (Concore). Various brokerage houses have released their opinions and target prices based on the recent performance of these companies, future plans and industry prospects.

GMR Airports Infrastructure:

• City (CITI): Brokerage firm City has retained the rating of ‘purchase’ at GMR Airports and has increased the target price from Rs 108 to Rs 129. City believes that the mudification of the company’s assets and the increasing passenger traffic may accelerate its stock.

• Jefferies: Jeffers has also advised ‘purchasing’ at GMR Airports and has increased its target price from Rs 100 to Rs 110.

Grasim Industries:

• Macquarie: Brokerage firm McWery has rated the ‘outperform’ on Grasim and has fixed the target price of Rs 2604.

• Jefferies: Jeffers has advised ‘hold’ on Grasim and has increased the target price from Rs 2460 to Rs 2495.

• Bernstein: Bernstein has given a ‘outperform’ rating on Grasim and has a target price of Rs 2840.

Ashok Leyland (Ashok Leyland):

• Jefferies: Jeffers has rated ‘shopping’ on Ashok Leyland and has increased its target price from Rs 235 to Rs 250.

• City (CITI): City has retained the advice of ‘shopping’ on Ashok Leyland and has given a target price of Rs 240. Brokerage believes that the company’s market share in the medium and heavy commercial vehicle (MHCV) segment is stable and expected to improve exports.

• Macquarie: McWery has given a ‘outperform’ rating on Ashok Leyland and has fixed its target price of Rs 248.

  
  

• Morgan Stanley: Morgan Stanley has given a ‘overweight’ rating on Ashok Leyland and a target price of Rs 237.

• UBS (UBS): UBS has given a ‘neutral’ rating on Ashok Leyland and has increased the target price from Rs 200 to Rs 230.

Divi’s Laboratories:

• City (CITI): City has rated ‘selling’ on Divies Labs and has increased the target price from Rs 3540 to Rs 3670. City believes that the company’s earnings per share (EPS) for FY 25-26 is possible to increase by 4-6%, but the valuation looks expensive.

• UBS (UBS): UBS has advised ‘shopping’ on Divies Labs and has increased its target price from Rs 4650 to Rs 5100.

Container Corporation of India – Container Corporation of India – Concor:

• City (CITI): City has retained the rating of ‘selling’ on Concore and has given a target price of Rs 715. According to the city, the benefits of the Dedicated Freight Corridor (DFC) have now joined the current price and remain uncertain on the license fee.

• Jefferies: Jefferies has rated the ‘Underperform’ on Concore and has increased its target price from Rs 775 to Rs 825.

Investors are advised to consult their financial advisor before taking any investment decision, as the stock market includes risk. The opinion and target price of brokerage firms are based on their analysis and can change.