Ambuja Cements, Adani Green & extra: Top stocks on brokers’ radar for May 2

Goldman Sachs has a ‘buy’ suggestion on Trent with the goal worth at Rs 6,970. Analysts stated the corporate’s margins got here in higher than anticipated by them. They stated whereas the weak gross margin presumably indicated greater than common discounting through the end-of-the-season gross sales, working prices have been effectively under estimates, resulting in an working margin enlargement.Some working prices within the Jan-March quarter have been unusually low. Also, the administration talked about that the total yr profitability is extra consultant of the enterprise.
Motilal Oswal Financial Services has put a ‘buy’ ranking on Varun Beverages with a goal worth of Rs 665. Analysts consider the corporate maintained its quantity development trajectory within the home market and its enlargement in worldwide markets, with the mixing in South Africa progressing effectively. Management is assured about its double-digit development steering on the again of trade tailwinds and enlargement into new markets yearly through the addition of visi-coolers (in home and worldwide markets).
Elara Securities India has reiterated its ‘accumulate’ name on Ambuja Cements with the goal worth unchanged at Rs 616. Analysts consider the cement main is well-positioned to ship wholesome quantity development, led by higher demand, ramp-up in acquired property and completion of ongoing capability expansions. Additionally, whereas the current uptick in cement costs will help near-term margin, its continued focus on price saving initiatives ought to assist preserve a test on margin within the medium time period.Sub-par demand, weak cement worth and a pointy rise in gasoline worth are key dangers to the analysts name.
InCred Equities has maintained its ‘add’ suggestion on Aditya Birla Sunlife AMC with the goal worth at Rs 800 however eliminated it from its high-conviction stocks listing. Analysts consider that the corporate is taking the correct steps for bettering market share. However, they see the competitors is intensifying, together with risky capital markets, which appear to be weighing down on fairness fund market share motion and SIP influx. Key draw back dangers are low traction in new funds and the next worker attrition charge.
Emkay Global Financial Services has a ‘buy’ ranking on Adani Green with a goal worth of Rs 1,500. Analysts stated the corporate reported an uptick in operational capability and enchancment in Capacity Utilization Factor, resulting in excessive development in sale of energy. Book realization was steady on a quarterly foundation, whereas share of service provider cum infirm rose. The administration highlighted that the rains impacted Khavda undertaking work in FY25, thus slowing capability addition to three.3GW, although FY26 steering is wholesome at 5GW, with 1GW more likely to be commissioned inside a month.
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