Buy or sell: Stock recommendation by brokers for July 30, 2025
JP Morgan maintained its overweight rating on Bharat Electronics with the target price at Rs 490. Analysts said during the April-June quarter, there was a margin-driven beat in numbers and order wins remained strong.
They said they were not unduly concerned about BEL's revenue growth. The PSU major's order wins were well ahead of the run rate required to achieve the FY26 guidance of Rs 27,000 crore.
Morgan Stanley maintained its underweight rating on IndusInd Bank with the target price at Rs 750. Analysts said that the lender's net interest income during the previous quarter was ahead of estimates while fee income was lower. Its core PPoP (pre-provision operating profit), excluding income tax refund and others, was 11% below estimates, while slippages remained high at 3% of loans, as did credit costs.
Analysts have reduced earnings by 15-20% in FY26-FY28 period.
Citigroup maintained its buy rating on Torrent Pharma with an increased target price of Rs 4,380 from Rs 4,000 earlier. Analysts said that for the pharma major, the April-June quarter was a healthy and in-line quarter with solid traction across the markets. They expect the margin expansion trend will continue. They also expect operating leverage benefits in the branded segments and potential recovery in the US market.
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Macquarie maintained its outperform rating on Adani Green Energy with the target price at Rs 1,200. Analysts said the company showed strong capacity adds during the April-June quarter, healthy utilization. The company targets 50GW of renewable-energy capacity by FY30. They said that with capacity additions trending above expectations, this poses upside risk to forecast 25% EBITDA (earnings before interest, taxes, depreciation and amortisation) CAGR (compounded annual growth rate) over the next five years.
CLSA initiated its coverage of Radico Khaitan with an outperform rating and a target price of Rs 3,098. Analysts said that given recent investments in building capacity for premium spirits, they believe that the company is well positioned to deliver 265 basis points EBITDA margin expansion in FY25-FY28 to 16.5%.
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Justice Pankaj Bhatia, who heard the matter, directed that no coercive action be taken based on YEIDA's July 8 plot cancellation notice. Since the realtor filed a revision application before the state govt in Jan, the court observed that while the issue remains under review, YEIDA cannot cancel the land allotment. The court instructed the state govt to decide on the interim relief application within 10 days and complete proceedings on the revision application filed by Greenbay within four weeks. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Access all TV channels anywhere, anytime Techno Mag Learn More Undo Greenbay said it has so far deposited Rs 60 crore out of the Rs 118 crore and has sought "zero period" relief from the date of allotment till now, citing incomplete land possession and stalled construction due to farmers' unwillingness to vacate around one-third of the land. The dispute stems from a prolonged standoff between the developer and YEIDA. The land was allotted to Greenbay in Feb 2011, with a lease deed executed in March 2012. In Jan 2014, Greenbay subleased a portion of the land to Emerald Properties for a group housing society. The company later launched the Golf Village township project, comprising 691 plots. However, the developer said it could not take possession of two-thirds of the land until 2019 and about one-third still remains outside its control. According to YEIDA officials, the latest ultimatum followed repeated defaults by the developer under the UP govt's "legacy stalled projects" policy introduced on Dec 21, 2023, which aims to revive long-pending housing projects and ensure timely possession for homebuyers. After the developer gave its consent, the dues were recalculated to Rs 441 crore, of which Greenbay was required to pay 25% (Rs 110 crore) by April 28, 2024. 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However, Greenbay again failed to meet the extended deadline of April 15, 2025. Instead of clearing dues, it submitted a letter on April 15 seeking permission to sublease a 4,330-square metre commercial plot within the township and requested another revision of its payment schedule. During a board meeting on June 18, YEIDA issued a final deadline of June 30, asking Greenbay to deposit around Rs 118 crore or face cancellation of its township project in Sector later extended the deadline by one month, giving Greenbay until July 31 to clear the dues. In a letter dated July 8, the Authority made it clear this was the final ultimatum. The company said it has deposited Rs 60 crore and plans to pay the remaining amount, but it wants its grievances to be heard. Project director of the company Amit Kumar Sharma said, "To fulfil these financial transactions, we need immediate permission to proceed with the sublease of the commercial plot. This authorisation is critical for us to take the necessary steps towards fulfilling our payment obligations. Should we fail to adhere to the agreed timeline for payment, we accept that the sublease may be cancelled without any objection on our part. " Get the latest lifestyle updates on Times of India, along with Friendship Day wishes , messages and quotes !
