Brokerage Insights: Titan, Dabur, JSW Steel, and Marico Ratings Revealed

Top brokerage firms have shared their latest views on Titan, Dabur, JSW Steel, and Marico. Here’s a summary of their recommendations:

Morgan Stanley on Titan:

• Rating: Equal-weight
• Target Price: ₹3,570
• Morgan Stanley maintains an equal-weight rating, predicting an 80% chance the stock price will rise in the next 15 days. The jewelry segment is expected to see a 16% year-on-year revenue growth, boosted by increased demand in July due to a duty cut.

Morgan Stanley on Dabur:

• Rating: Equal-weight
• Target Price: ₹772
• Dabur’s Q2 sales are expected to decline in the mid-single digits, falling short of management’s growth expectations. The decline is attributed to reduced inventory in the General Trade channel and adverse weather conditions affecting consumption.

Investec on Dabur:

• Rating: Hold
• Target Price: ₹368
• Investec also has a hold rating for Dabur, anticipating a 5% decline in consolidated revenue in Q2, with India volumes dropping by 10%. This quarter marks Dabur’s weakest performance in four years.

Morgan Stanley on JSW Steel:

• Rating: Overweight
• Target Price: ₹1,150
• JSW Steel received an overweight rating with an 80% chance of price increase in the next 30 days. Improved market conditions in China are alleviating industry concerns, and domestic steel prices have aligned with import parity.

Morgan Stanley on Marico:

• Rating: Equal-weight
• Target Price: ₹625
• Marico’s Q2 sales growth was in the high single digits, meeting estimates. However, margins may face pressure due to rising vegetable prices, despite an increase in Parachute volumes aided by price hikes.

These insights highlight current market expectations for these companies and provide guidance for investors.