Nomura has initiated its coverage of Godrej Properties with a reduce rating and a target price of Rs 1,900. Analysts feel the real estate major’s pre-sales momentum to be weaker than expectations and the stock’s valuations look stretched. They expect FY26 pre-sales of Rs 31,000 crore compared to its guidance of Rs 32,500 crore. Volume-driven strategy poses risk of further equity dilution and execution challenges, they said.JP Morgan has initiated its coverage of The Leela – Schloss Bangalore with an overweight rating and a target price of Rs 510. The recommendation is on SBL’s sustained delivery of 40% average room rent, over 70% occupancy for owned portfolio by FY27, 10% like-for-like compounded growth of revenue per available room over FY25 to FY28, and over 46% operating EBITDA margin by FY26-27. Analysts feel at the current price the stock’s valuation is inexpensive.Motilal Oswal Securities initiated its coverage of Delhivery with a buy rating and a target price of Rs 480. Analysts said Delhivery is India’s largest integrated third-party logistics provider. Between FY 19 and FY 25, it grew its revenue at an annual compounded rate of 32%, with EBITDA improving from a loss of Rs 1,600 crore to a profit of Rs 370 crore. Analysts expect between FY25 and FY28, the company would grow its revenue at a compounded rate of 14% while the corresponding number for EBITDA and net profit is expected to be 36% and 52%.Antique Stock Broking initiated its coverage of Birlasoft with a hold rating and a target price of Rs 450. Analysts feel the company is focussing on growth over margins in the near term. Although FY25 was a flat year for the company, they expect growth to pick-up from the second half of the current year. They also expect total contract value momentum expected to improve after muted bookings in FY25.Jefferies maintained its buy rating on Adani Energy with a target price of Rs 1,150. Analysts feel the company is locked-in for double-digit medium-term growth, it has Rs 61,600 crore worth of transmission projects in its order book, distribution growth is steady in Mumbai, with Mundra having potential to offer upside. They also feel smart meters projects are seeing progress in commissioning which is a key growth driver going forward.Disclaimer: The opinions, analyses and recommendations expressed herein are those of brokerage and do not reflect the views of The Times of India. Always consult with a qualified investment advisor or financial planner before making any investment decisions.
