What Are Top Brokerages Saying on Maruti, NMDC, Titan, Sunteck Realty, Laurus Labs, and More?
Global and domestic brokerages remain divided on India’s key sectors this week — from autos and metals to luxury retail and pharma. Upbeat views on Maruti Suzuki, Titan, and Sunteck Realty contrast with cautious stances on NMDC and oil producers. Here’s a summary of the latest recommendations and the rationale behind each.
Morgan Stanley on Maruti Suzuki
| Parameter | Details |
|---|---|
| Rating | Overweight |
| Target Price | ₹18,360 |
| Key Triggers | Recovery in first-time buyers, rural rebound, and SUV success |
| Comment | EV exports expected to lift average selling prices; MS expects share price to rise in 60 days |
Morgan Stanley on NMDC
The brokerage cut iron ore prices by 9% and fines by 10%, calling the move a surprise given stable global rates. Domestic discount to import parity narrowed to 57% (from 53%), which could aid downstream steelmakers like JSW Steel and Jindal Steel but dent NMDC’s near-term margins.
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Citi on Global Oil Prices
- Oil rebounded from $60 as India may trim Russian crude imports (down from 1.75 mbpd to 1.5 mbpd).
- Citi projects Brent averaging near $60 through Q1 CY26, but warns of a potential $50–55 bear case if the Russia-Ukraine conflict resolves early.
- Supply-glut concerns keep term structure under strain — neutral-to-negative for upstream PSUs.
Investec on United Breweries
Investec maintains a Hold rating with a target of ₹2,081. Heineken’s India commentary suggests Q2 revenue beats estimates, driven by a better price-mix even as volume growth remains stable. The brokerage expects improved margins aided by premiumization trends.
Jefferies on Sunteck Realty
Sunteck Realty’s pre-sales rose 34% YoY in Q2 FY25 and 32% in H1. Jefferies maintains a Buy rating with a target price of ₹575, citing its ₹20,000 Cr luxury pipeline and ₹2,300 Cr worth of projects signed YTD. The stock trades at a 36% discount to NAV, offering strong re-rating potential.
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UBS on Titan Company
UBS lifted its target from ₹3,600 to ₹4,700 and reiterated a Buy rating, calling it “time to re-jewel your portfolio.” UBS expects sustained strength in jewellery demand, robust brand recall, and premiumization trends to drive growth. It considers the lab-grown diamond threat manageable and sees Titan as a structural winner.
B&K Securities on Laurus Labs
B&K initiated coverage with a Buy and target price of ₹1,030. It expects CDMO (Contract Development & Manufacturing Organization) services to become the primary earnings driver, supported by steady growth in ARVs and new APIs. With disruptions behind, the company aims for higher utilization and profitability led by formulations expansion.
Comparative Snapshot
| Company | Broker | Rating | Target (₹) | Sentiment |
|---|---|---|---|---|
| Maruti Suzuki | Morgan Stanley | Overweight | 18,360 | Positive |
| NMDC | Morgan Stanley | Neutral / Cautious | — | Mild Negative |
| Titan | UBS | Buy | 4,700 | Strong Positive |
| Sunteck Realty | Jefferies | Buy | 575 | Positive |
| United Breweries | Investec | Hold | 2,081 | Neutral |
| Laurus Labs | B&K Securities | Buy | 1,030 | Positive |
Investor Takeaway
Indian-Share-Tips.com Nifty Expert Gulshan Khera, CFP®, who is also a SEBI Regd Investment Adviser, notes that brokerages remain bullish on domestic consumption and premiumization plays such as Titan, Maruti, and UBL. Metals and energy may stay volatile due to price resets, while realty and pharma are emerging as value themes. Investors should accumulate quality names on dips with a 6–12-month horizon.
Explore more data-driven research, sectoral strategies, and actionable guidance at Indian-Share-Tips.com, which is a SEBI Registered Advisory Services.
Related Queries
- Which auto stock has the strongest rural recovery outlook?
- Why did NMDC cut iron ore prices despite global stability?
- Is Titan still India’s best luxury retail stock to hold?
- How is Laurus Labs shifting from ARVs to CDMO growth?
SEBI Disclaimer: The information provided in this post is for informational purposes only and should not be construed as investment advice. Readers must perform their own due diligence and consult a registered investment advisor before making any investment decisions. The views expressed are general in nature and may not suit individual investment objectives or financial situations.
