Brokerage Insights on Stocks: Zomato, GAIL, Oberoi Realty, and More

Leading brokerage firms have provided their latest perspectives on stocks such as Zomato, GAIL, and Oberoi Realty, among others. As new economic conditions unfold, analysts assess growth opportunities alongside valuation concerns, noting how sectoral trends influence the overall market landscape.

Zomato (CMP: Rs 280)

CLSA has upgraded its rating to Outperform, raising the target price from Rs 353 to Rs 370. The firm highlights Zomato's impressive quick commerce growth of 122% year-over-year, which exceeds the 76% growth of its main competitor Swiggy. Notably, Zomato continues to hold an 81% larger share in the quick commerce segment compared to Swiggy.

Morgan Stanley also maintains an Overweight rating with a target price of Rs 355.

Bernstein recommends an Outperform rating, setting a target price of Rs 335.

GAIL (CMP: Rs 199)

Jefferies recommends a Buy rating but has slightly reduced its price target from Rs 240 to Rs 235, citing strong gas demand prospects due to ongoing production and pipeline expansions. The firm estimates an EBITDA CAGR of 9% from FY24 to FY27.

Morgan Stanley also holds an Overweight position on GAIL, decreasing its target from Rs 258 to Rs 248.

Oberoi Realty (CMP: Rs 2060)

Nomura has a Buy recommendation with an ambitious target of Rs 2,500. The firm projects a remarkable 40% CAGR in pre-sales between FY24 and FY27 and anticipates annual operating cash flows ranging from Rs 3,000 to Rs 4,000 crore through FY27.

Cement Sector Analysis

Goldman Sachs has a positive outlook on the cement sector, providing the following recommendations:

• Ultratech Cement: Buy, target raised to Rs 12,460.
• Shree Cement, Dalmia Bharat, Ambuja Cement: Neutral.
• ACC: Sell, target adjusted to Rs 2,345.

Supreme Industries (CMP: Rs 4,763)

Jefferies suggests a Buy rating with a target of Rs 6,450, backed by expectations of a 22% EPS CAGR from FY24 to FY27 and a projected 13% year-over-year growth in pipes capacity by FY25.

Dixon Technologies (CMP: Rs 16,866)

CLSA has upgraded its rating to Outperform with a new price target of Rs 18,800, an increase from Rs 12,100.

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