ICICI Securities has reiterated its ‘buy’ recommendation on GAIL (India) with a target price of Rs 245. Despite its Oct-Dec quarterly results disappointing investors, analysts feel that its earnings may improve steadily over the next 12 months, driven by one-offs impacting trading that have resolved somewhat in Q4 and should have limited impact over FY26. They also expect sustained volume growth for transmission/trading as gas demand grows over FY26 and FY27. The valuation of the stock remains attractive, they said.
Motilal Oswal Financial Services has maintained its ‘neutral’ rating on Havells India with a target price of Rs 1,650. Analysts said that the company’s management was optimistic about growth prospects across core categories, supported by margin improvement initiatives. The company continues to invest in manufacturing, brand building, distribution, talent development, premiumization, and R&D, positioning itself for long-term success. However, the lighting segment remains impacted by pricing pressure, though volume growth remains strong. The company is focused on expanding its presence in professional lighting to drive profitability.
Emkay Global Financial Services has upgraded Maruti Suzuki to ‘buy’ from ‘add’ with a revised target price of Rs 13,500. Analysts said that for Maruti, historically, new launches have driven volume growth in passenger vehicles and the company’s launch cycle is turning positive in FY26. This coincides with early signs of improvement seen in small cars with potential consumption boosts providing further optionality. However, sustenance of such improvement needs to be watched.