Page Industries, Bharti Airtel & more: Top stocks on brokers' radar for May 16, 2025
Motilal Oswal Financial Services has a buy recommendation on Page Industries with the target price at Rs 57,500. Analysts said that the company showed strong volume growth with robust margin expansion during the Jan-March quarter.
Analysts also model an EBIDTA margin guidance at the higher end of the 19%-21% range for FY26. They feel there is still upside risk due to strong gross margin recovery. In addition, they also feel the company's initiations towards inventory optimization through the ARS system, new product launches, capacity expansion, and digitization initiatives will support growth.
BNP Paribas has an outperform rating for Bharti Airtel with the target price at Rs 2,000.
Analysts said Airtel reported strong numbers for the Jan-March period with its India mobile revenue, EBITDA and operating cash flow growing strongly. Results were largely in-line, excluding favourable exceptionals. Airtel doubled its dividend y-y, and with strong cash generation ahead, we see scope for further increases.
While overall capex is set to decline, Airtel is looking to invest in high-growth areas such as home broadband, enterprise and digital while reducing subsidies in the low-growth DTH business.
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Elara Securities India has a buy rating on REC with the target price at Rs 650, but has reduced EPS estimates. Analysts said this was on the back of lower growth during recent months. They said REC's growth run-rate has slowed on a high asset base and recoveries. Healthy NIMs continue to aid earnings. The company is now a steady compounder with long-term growth.
ICICI Securities has an add rating on Akzo Nobel with the target price at Rs 3,700.
Analysts feel Akzo Nobel's premium/luxury positioning drove market share gain for the third year running. While the paint industry contracted in FY25 and Birla Opus also grabbed a low-mid single market share in FY25, Akzo performed well with market share gains in all four quarters of FY25. Akzo has done healthy investments in product differentiation and distribution but they believe the chief reason for market share gain is premium/ luxury positioning.
In their view, the price conscious consumers are likely to be swayed away by new brands offering higher trade discounts/schemes. They also believe Akzo Nobel is in a better position to maintain its margins compared to its peers.
Emkay Global Financial Services has an add rating on Jubilant Foodworks with the target price at Rs 775. Analysts said the company's Jan-March performance was in-line with their estimates.
The company continued to outperform in the Jan-march quarter too, helped by company-specific initiatives in terms of free/faster deliveries, new innovations and organizational restructuring, as broader demand remains weak.
With launch of Big-Big-Pizza and anniversarization of delivery waiver, bill size has reverted to growth in the current quarter and should help deliver mid-teens growth in FY26.
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