Produced by:Aseem Thapliyal
Benchmark indices ended lower on Friday. Sensex closed 733 points lower at 73,878 and Nifty lost 172 points to end at 22,475 today. Market cap of BSE-listed firms fell to Rs 406.24 lakh crore
For May 6 (Monday), market analysts from domestic brokerages have assigned 'Buy/accumulate' calls to Suzlon Energy, Greenpanel Industries and Adani Ports shares. Check stock price targets, analysis, investment rationale and other crucial details about these stock bets.
Rating: Buy Target Price: Rs 495 "Suzlon Energy recently underwent a modest profit booking correction of 30% following a 628% surge in the price action. This indicates strength in the primary trend. The price action is now consolidating and whipsawing around 20 weeks' exponential moving average, acting as an immediate support zone. Suzlon displays strong price strength and higher buyer demand; the sectoral theme also shows strength and momentum. Suzlon's price action offers low risk and a higher reward from the current market price for the target of Rs 49.50 against a stop loss of Rs 38.50," said Kushal Gandhi, Technical Analyst, Stoxbox.
Rating: Accumulate Price target: Rs 355 "Timber prices will continue to impact margins in coming quarters and management indicated moderation in timber prices only when new crop come FY26 onwards. We estimate FY24-26E Revenue/EBITDA/PAT CAGR of 14.2%/20.3%/22.7% with MDF volume CAGR of 17.1%," said Praveen Sahay, Research Analyst-Institutional Equities, Prabhudas Lilladher.
Rating: Outperform Price target: Rs 1,562 "FY24 Net debt to EBITDA was below the guided 2.5x. FY25 guidance is 2.2-2.5x despite planned capex of INR105-115b. We have factored in a growth capex of Rs 7100 crore from FY26 onwards, split between ports and logistics segments, with pre-tax ROCE of 16% (below management estimate of 20%+)," said Priyankar Biswas, Analyst – India Industrials, Logistics and Metals at BNP Paribas India.
"The sharp drop in the index has nullified the gains made over the past four sessions, although it managed to hold above the support zone represented by the short-term moving average i.e. 20 DEMA. We recommend a selective approach and suggest considering hedged positions if the Nifty fails to maintain the 22,400 level. Besides domestic factors, it's crucial for traders to closely monitor the performance of the US markets for further guidance," said Ajit Mishra – SVP, Research, Religare Broking.
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