Inventory Picks As we speak: Indian Oil, Kaynes Tech, Hero MotoCorp, Airtel And Extra On Brokerages’ Radar – Imperial Wire

Indian Oil Corp., Kaynes Applied sciences Ltd., Hero MotoCorp, and Bharti Airtel Ltd. are amongst corporations which have drawn commentary from prime brokerages on Friday. Analysts have tweaked share value targets and future outlook after a few of these corporations introduced their December quarter outcomes.

Brokerages On Indian Oil Q3 Outcomes

Citi

• Preserve Purchase with TP of Rs 190
• Sturdy beat in refining; In-line advertising
• Current Union Finances has reaffirmed our view that issues of a hike in excise responsibility had been overdone

Jefferies

• Preserve Purchase; Hike TP to Rs 190 from Rs 185
• Dec-25 Evaluation: Refining led Beat
• EBITDA was 21% above consensus estimates on robust refining margins
• Seemingly lack of Russian crude will affect refining margins in FY27
• Low crude value outlook over CY26 is constructive for advertising margins which might be monitoring at elevated ranges
• Concern of excise responsibility hike has receded
• Valuation is inline with historic common

Brokerages on Bharti Airtel Q3 Outcomes

Morgan Stanley

• Preserve Chubby with TP of Rs 2435
• Q3: Sturdy money movement technology
• Indian dwelling companies enterprise noticed good progress on each the highest line and EBITDA
• There have been slight misses vs. estimates in ARPU for Indian cellular companies, dwelling broadband, digital TV and Africa
• Digital TV companies EBITDA missed estimate by 4% as margins narrowed for the second consecutive quarter

Jefferies

• Preserve Purchase; Minimize TP to Rs 2575 from Rs 2760
• Q3 outcomes in step with estimates
• India cellular: Regular progress; margins shock positively
• Sturdy progress in properties and Africa
• Sturdy FCF technology to assist greater payouts

CLSA

• Preserve Outperform with TP of Rs 2310
• Sturdy India cellular subscriber positive factors; main Arpu
• India dwelling subscriber additions one other new excessive

Brokerages On Kaynes Tech Q3 Outcomes

Macquarie

• Preserve Outperform with TP of Rs 5900
• Q3FY26: Weak efficiency
• Income miss was primarily as a result of lower-than-anticipated progress for the Industrials and Railways segments
• Administration had expressed excessive conviction about H2 momentum, which now appears misplaced
• Anticipate the inventory to open weak, and wait to see what administration has to say on the convention name

Jefferies

• Preserve Purchase with TP of Rs 5940
• Gross sales/RPAT progress was a pointy deceleration vs H1FY26
• Web working capital rose to 139 days (+23 QoQ); Web Debt rose to Rs 660 crore

ALSO READ: Higher Than Dixon Tech, Kaynes Tech? Morgan Stanley Upgrades Outlook On This EMS Inventory

Brokerages on Hero MotoCorp

Morgan Stanley

• Preserve Chubby with TP of Rs 6471
• Q3 First Minimize – In Line with Estimates
• Low-cost valuations, dividend yield, and double-digit quantity progress maintain us Chubby

 Jefferies

• Preserve Underperform with TP of Rs 5000
• First Minimize: Good Development in Dec-Q
• ASP rose 1% QoQ on greater contribution of spare components to revenues
• Recurring PAT grew 20% YoY on greater monetary earnings and decrease tax charge

ALSO READ: Hero MotoCorp Q3 Outcomes: Revenue, Income Rise; Bumper Dividend Of Rs 110 Declared — Verify Document Date, Different Particulars

Brokerages On Nykaa

Morgan Stanley

• Preserve Chubby; Hike TP to Rs 286 from Rs 271
• Q3 Margin Beat: Firing on All Cylinders
• Constant robust progress and profitability supply has been the theme for Nykaa in FY26
• Q3 supply was constant to that impact with a constructive margin shock outperformance
• Proceed to imagine Nykaa stays a great play on India’s magnificence market

Jefferies

• Preserve Purchase with TP of Rs 315
• Image Excellent
• Nykaa reported an distinctive end result, when different consumptions shares underperformed
• Not solely progress has been robust throughout verticals, this was additionally supported by margin enlargement
• Personal manufacturers proceed to have the dream-run on progress, with Dot & Key EBITDA margins in high-teens

ALSO READ: Nykaa Q3 Outcomes: Revenue Extra Than Doubles, Margin Expands

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