Bullish on Bharti Airtel and Titan Analysts.
Reference to The Hindustan times. Market analysts are showing faith with regard to Bharti Airtel and Titan, emphasizing on their strong quarterly performances and positive growth expectations. At the same time, Ambuja Cement has been able to provide a good EBITDA and Ajanta Pharma has exceeded market projections with massive internationalisation. On the other hand, Westlife Foodworld is facing short-term profitability problems amidst continuous growth investments and recovery of the industry is a critical issue to the investors.
Bharti Airtel: Citigroup Retains Buy Rating.
Citigroup has reiterated its purchase recommendation on Bharti Airtel and pegged it at ₹2,225. The brokerage observed that the company experienced a stable performance during the July to September quarter (Q2FY26) as all the key areas, including mobile, home broadband, and business performed marginally better than expected. India mobile revenue and EBITDA grew 2.54 percentage points quarter-on-quarter, which was further encouraged by an increase in average revenue per user (ARPU) to counter the decrease in subscriber growth. The home broadband business segment also produced some 8.5% increase in revenue as well as in the EBITDA, driven by high new customers addition. Airtel business services reported normalized growth of 4% QoQ and 32% increase in India (ex-Indus) capex bewildered analysts which indicates further network growth.
Titan: Nomura Expects Festive Boost on Ahead.
Nomura still maintains a buy rating on Titan and a target price of ₹4,275. Q2FY26 results showed the good sales momentum of the company as reported before. Despite a slight drop in margins on a year-on-year basis, analysts believe that the impending festive season will improve on profitability and consumer confidence. Titan watch business increased by 13 percent; exceeding the previous forecast of 12 percent. Eyecare sales grew 8.5 per cent YoY with projections, and its newer businesses indicated a strong 34 per cent YoY growth which indicated increasing presence of the company across the categories.
Ambuja Cements: Morgan Stanley Sees Further Strength.
Morgan Stanley has categorized Ambuja Cements as overweight, and a target of ₹650. According to the brokerage, revenues and realizations were mostly as expected, with EBITDA per ton standing at 1060, which was higher than expected. Although the company has realized extraordinary expenses of loss ( 220 crore of government grants and 1700 crore in tax reversal ) in the long term, the growth of Ambuja is healthy. The company had also changed its FY28 capacity goal of 140 tons, to 155 tons, which will be backed up by the current debottlenecking and operational efficiencies.
Westlife Foodworld: Future Cautious even though there are expansion plans.
Macquarie has had an outperform rating on Westlife foodworld with a target price of 7500 rupees. According to the brokerage, the Q2FY26 EBITDA was lower than its and market estimates. Analysts noted that the firm has been working hard to increase the number of its outlets, but that the industry recovery has been slow and this is a major worry. It will be necessary to maintain the level of demand in order to achieve long-term profitability and valuation restoration.
Ajanta Pharma: Jefferies Increases Target in view of huge growth globally.
The increased buy target of 3320 is a better result than the previously set target of 3120 due to the better than expected results of September quarter. The prognosis of the company is also optimistic, and the FY26 forecast shows the further dominance in the US market and a growth rate that is faster in Africa. Analysts project an EBITDA margin of around 27 supported by the strategic investments in Asia and Africa which will boost the scale and profitability in the coming quarters.
Summary: Greater Market Feeling.
Although the entire market mood is still skeptically positive, the Bharti Airtel, Titan, Ambuja Cements, and Ajanta Pharma continue to be favoured by the brokerages due to their stable fundamentals and growth potential. Even with the short-term woes that Westlife Foodworld is facing, the company remains interesting to investors because of its prospective growth in the long term and positioning in its sector.
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