Brokerage Firms Recommend Hot Stocks: Hyundai Motor, UltraTech, and Oberoi Realty—What’s Their Outlook?

Brokerage firms like Nomura and Macquarie are showing interest in Hyundai Motor India even before its stock is listed. They have given it positive ratings, while Jefferies and Bernstein have provided insights on Oberoi Realty and UltraTech Cement, respectively.

Here’s a summary of what these firms are saying:

Nomura on Hyundai Motor: Buy | Target Price: ₹2,472

Nomura has started covering Hyundai Motor with a buy rating and a target price of ₹2,472. They believe the company focuses on style and technology, which should lead to strong growth. Nomura sees a lot of potential in the Indian car market since only 36 cars are sold per 1,000 people. They anticipate long-term growth for Hyundai due to its premium offerings and plans to expand its production capacity in the second half of the year. The launch of several new models, including four electric vehicles (EVs), over the next few years are key factors driving this optimism.

Macquarie on Hyundai Motor: Outperform | Target Price: ₹2,235

Macquarie also initiated coverage on Hyundai Motor with an outperform rating and a target price of ₹2,235. They view Hyundai as a strong player in the premium passenger vehicle market. Macquarie believes Hyundai should trade at a higher price-to-earnings (PE) ratio compared to its competitors, noting improvements in its market share in core segments. The firm is optimistic about Hyundai’s product mix and its potential to grow in the market, given its innovative powertrain options.

Jefferies on Oberoi Realty: Hold | Target Price: ₹1,900

Jefferies has a hold rating on Oberoi Realty, raising its target price from ₹1,600 to ₹1,900. They credit a surge in sales at key projects in Worli and Goregaon for the company’s recent success. Increased lease rentals from Commerz offices also contribute to this positive outlook. The Thane-Pokhran Road project had a successful launch due to its sensible pricing strategy. Jefferies believes Oberoi is well-positioned to take advantage of opportunities in the residential market.

Bernstein on UltraTech: Market-Perform | Target Price: ₹10,508

Bernstein has maintained a market-perform rating for UltraTech with a target price of ₹10,508. They note that the earnings per share (EPS) in the second quarter of FY25 remained unchanged compared to the same period last year, even as the stock price has nearly doubled. Although Bernstein observed weak demand in the market, they maintain a positive outlook. They also mentioned that costs are being optimized but may not drop significantly anymore. Bernstein’s market-perform rating reflects their caution due to the upcoming supply and high valuations.

These brokerage assessments can guide investors as they navigate their choices in the stock market.