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

Prominent brokerage firms have recently shared their insights on several notable stocks, including Zomato, GAIL, and Oberoi Realty. These analyses reveal a mix of opportunities for growth in specific sectors, while also raising concerns about overall market valuations. As the economic landscape evolves, these stocks are under close scrutiny by analysts looking to uncover the best investment strategies for their clients.

Zomato (CMP: Rs 280)

Recent reports indicate that CLSA has upgraded its rating on Zomato to Outperform, increasing the target price from Rs 353 to Rs 370. A key driver for this sentiment is Blinkit, which has showcased an impressive 122% year-on-year growth in the quick commerce sector, outpacing competitor Swiggy, which recorded a 76% increase. Furthermore, Zomato remains a formidable player, being 81% larger than Swiggy in this segment.

Other analysts have also expressed positive views, with Morgan Stanley maintaining an Overweight stance and a target of Rs 355, while Bernstein has set a target of Rs 335 with an Outperform rating.

GAIL (CMP: Rs 199)

In the energy sector, Jefferies has rated GAIL as a Buy, lowering its target to Rs 235 from Rs 240. The brokerage notes that India's gas demand outlook remains robust, supported by new production initiatives and pipeline expansions. The expected EBITDA CAGR stands at 9% between FY24 and FY27.

Morgan Stanley has also opted for an Overweight rating but revised its target down to Rs 248 from Rs 258.

Oberoi Realty (CMP: Rs 2060)

Turning to the real estate segment, Nomura has a Buy recommendation for Oberoi Realty with a target price of Rs 2,500, citing a projected 40% compound annual growth rate (CAGR) in pre-sales from FY24 to FY27. Analysts expect annual operating cash flows of around Rs 3,000-4,000 crore through FY27.

Cement Sector Overview

The cement sector is also seeing significant attention. Goldman Sachs has given Ultratech Cement a Buy rating, raising its target to Rs 12,460. Meanwhile, companies like Shree Cement, Dalmia Bharat, and Ambuja Cement have been classified as Neutral. In contrast, ACC is advised as a Sell, with an increased target price set at Rs 2,345.

Supreme Industries (CMP: Rs 4,763)

Jefferies has rated Supreme Industries as a Buy, with a target price of Rs 6,450, anticipating a 22% EPS CAGR through FY24-27. The company is also expected to achieve a 13% year-on-year increase in pipes capacity by FY25.

Dixon Technologies (CMP: Rs 16,866)

Lastly, CLSA has reiterated an Outperform rating for Dixon Technologies, raising its target from Rs 12,100 to Rs 18,800.

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