HSBC initiated the coverage of Ather Energy with a purchase recommendation and a target price of RS 450. Analysts believe that it is a good company that is in a heavy industry. They said that the product quality of ather, technology leadership and distribution extension should stimulate its market share in a tough market. EV penetration remains low, but they think that the share price will be driven by the relative performance, not due to the growth of industry.UBS maintained his sales recommendation on Tata Motors with a target price of RS 690. Analysts said media reports indicated that the Iveco Group is almost selling its commercial transport companies to TATA Motors. If true, Tata Motors may have to spend 1.5 billion euros, based on the valuation of Iveco. The price includes the mandatory open offer that would be activated under local regulations where the transaction will take place.Jefferies maintained his buy -rating on L&T with the target price raised to RS 4,230. Analysts said L&T April-June EBITDA (profit before interest, taxes, depreciation and amortization) of 7% was for expectations because the implementation was higher. The 33% annual rise of the company in Order Flow brings it in a comfortable position to meet the guidance. They also believe that a higher contribution of the hydrocarbon activities of L&T Troost gives that the margin of the company has some potential to go up.Morgan Stanley maintained his underweight rating on Asian paint with the target price on RS 1.909. Analysts believe that the company focuses on stimulating growth, while current competition intensity in the sector would continue to exist. They said there were early green shoots in the question that were visible in urban markets. However, in the short term, volume and value growth are expected to be in a few figures. They also said that the demand trends in July were comparable to those in the quarter of April-June.CLSA maintained its waiting rating on Pyramal Enterprises with the target price raised to RS 1,200 from RS 1,030 earlier. The activities of the company seem to be stable, but some red flags are on the rise. The growth of the assets was strong, but MSME and small card loans against real estate are the emerging stress areas. The company therefore reported weaker business profit, but lower credit costs supported its net profit. Analysts said that the uncovered MSME and used car finances were the problem areas for the company.(Disclaimer: the opinions, analyzes and recommendations expressed in this are those of brokerage and do not reflect the opinion of the Times of India. Always consult with a qualified investment adviser or financial planner before taking investment decisions.)
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