Buy or sell: Stock recommendation by brokers for April 7, 2025

CLSA has downgraded Tata Motors to ‘outperform’ from ‘high conviction outperform’ with a reduced target price of Rs 765 from Rs 930. Analysts said US tariffs & Jaguar model cuts may drop JLR volumes. They also see EBIT margin falling this and the next fiscal year compared to FY25. However, free cash flow is expected to stay positive.

Citigroup has given a ‘sell’ call on AB Fashion with a target price of Rs 260. Analysts expect no further M&A and fundraising for the next 5-7 years for the company. The management is aiming to improve profitability over growth. The co aims to turn debt-free in the next 2-3 years. There’s no sign of demand trends improving and with high operating and financial leverage, impact on the company’s growth and profitability will be the highest.

UBS has downgraded IndusInd Bank to sell with a reduced target price at Rs 600 from Rs 770 earlier. Analysts feel the overhangs may drive further de-rating with the key concerns being deposits, CEO and the auditor report about its forex derivatives positions.

Jefferies has a ‘buy’ rating on HDFC Bank with a target price of Rs 2,120. Analysts said that the bank has reported Jan-Mar FY25 loan growth at 5.4% compared to 3% in Oct-Dec quarter. It also reported a 14% rise in deposits on an annual basis.

Morgan Stanley has a ‘underweight’ call on Bank of Baroda with a target price of Rs 215. Analysts said the bank’s loan and deposit growth during the just ended quarter were in-line with the management guidance earlier. They said they will closely track the bank’s margin progression at upcoming quarterly results.

Disclaimer: The opinions, analyses and recommendations expressed herein are those of brokerage and do not reflect the views of The Times of India. Always consult with a qualified investment advisor or financial planner before making any investment decisions.