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Brokerage Radar: Motilal Oswal rates PNB Housing Finance as 'buy', ICICI Securities bullish on Cello World

Check out the latest brokerage calls and analyst comments on the stocks in action today. Our coverage includes PNB Housing Finance, Cello World, auto companies and more.

December 26, 2024 / 08:22 IST
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Brokerage Radar Brokerage Radar

Check out the latest brokerage calls and analyst comments on the stocks in action today. Our coverage includes PNB Housing Finance, Cello World, auto companies and more.

MOSL On PNB Hsg Fin
Buy Call, Target At `1,160/Sh
Strategic Shift In Product Mix; Tracking Well On Execution
Mix Improvement To Aid NIM Expansion; Recoveries To Keep Credit Costs Benign
Co Now Well Positioned To Deliver 18% Loan CAGR Over FY24- 27
Expect Co To Deliver Profit CAGR Of 23% Over FY24-27 & RoA/RoE Of 2.6%/14% In FY27
Stock Currently Trades At 1.2x FY26

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ICICI Sec On Cello World
Buy Call, Target At `960/Sh
Remain Constructive As There Are Multiple Growth Tailwinds In FY26
Commencement Of Glassware Unit In Q2FY25 May Start Contributing To Rev & Earnings
Integration Of Wimplast With Itself Will Allow To Unlock Synergy Benefits In Distribution
Invst In Brand Building, Digital Spends & Quick Comm May Contribute Materially To Earnings In FY26
Some Growth Spurts Visible In Few Pockets In Q3FY25, Indicating Demand Recovery

MOSL On Autos
Note That November Was Expected To Be A Weak Month Due To The High Base Of Last Year
PV Industry Has Posted A 4% YoY Growth In Dispatches In November
On YTD Basis, While 2-w ICE Segment Has Grown 10.8% YoY, PV Ind Has Posted Just 1% YoY Growth
Honda Motor Has Outperformed In Both The Scooter ICE And Motorcycle Segments
Major PV Outperformers YTD Are M&M And Toyota
M&M, Toyota Have Gained 210 bps And 185 bps Market Share, Respectively In PV Sector
Top Picks Are Maruti, M&M, & Hyundai