Broker Stock Recommendations for August 29, 2025: Buy or Sell Insights
Nuvama has reaffirmed its buy recommendation for Maruti Suzuki India, setting a target price of Rs 14,300. The company has commenced production of its first electric vehicle, the eVitara, while also expanding its Gujarat plant’s capacity, which is expected to be completed by FY27. The eVitara is slated for sale in over 100 countries, including major markets like Europe, Japan, and India. Meanwhile, other companies such as Adani Ports, ICICI Bank, RBL Bank, and Allied Blenders & Distillers have also received positive ratings from various analysts, highlighting their growth trajectories and strategic initiatives.
Maruti Suzuki’s Electric Future
Maruti Suzuki is making significant strides in the electric vehicle market with the launch of its first EV, the eVitara. Nuvama’s analysts have noted that production has officially begun, marking a pivotal moment for the company as it aims to capture a share of the growing EV market. The eVitara is designed to be versatile, with plans to distribute it across more than 100 countries, including key regions such as Europe and Japan. This expansion aligns with the company’s broader strategy to enhance its product offerings and adapt to changing consumer preferences towards sustainable transportation. Additionally, the ongoing expansion of the Gujarat plant’s capacity is expected to support the production of various powertrains, further solidifying Maruti Suzuki’s position in the automotive sector.
Adani Ports’ Transformational Journey
Adani Ports and SEZ has garnered a buy recommendation from Motilal Oswal Securities, with a target price set at Rs 1,700. Analysts highlight the company’s ambitious plans to scale its operations and establish market leadership in the ports sector. The logistics segment of Adani Ports is experiencing rapid growth, driven by increasing demand for efficient supply chain solutions. Furthermore, the company’s marine services division is emerging as a capital-efficient growth engine, contributing to its overall performance. This strategic focus on expanding capabilities and enhancing service offerings positions Adani Ports for sustained success in a competitive landscape.
ICICI Bank’s Asset Quality and Growth Prospects
Jefferies has issued a buy recommendation for ICICI Bank, setting a target price of Rs 1,760. Analysts have observed a rise in the bank’s risk profile, particularly concerning lower-rated loans, yet they emphasize that asset quality remains stable. Despite a slight increase in non-performing loans, which are now at a five-year high, the bank’s credit costs have remained low. Analysts also noted improvements in priority sector lending, which is expected to mitigate compliance costs. These factors suggest that ICICI Bank is navigating challenges effectively while positioning itself for future growth.
RBL Bank’s Positive Outlook
Investec has rated RBL Bank as a buy, with a target price of Rs 300. The bank’s management has indicated that return on assets is projected to trend upwards to 1% by Q4FY26, primarily due to the normalization of net interest margins. Analysts anticipate that loan growth for RBL Bank will exceed industry trends by 3-4 percentage points in FY26. Additionally, improvements in asset quality, particularly in microfinance and credit cards, are expected throughout the year. The bank is also preparing for potential capital raises in FY26, which could further enhance its growth prospects.
Allied Blenders & Distillers Focus on Premiumization
ICICI Securities has given a buy rating to Allied Blenders & Distillers, with a target price of Rs 600. The company is concentrating on premiumization to drive growth and improve margins, setting ambitious targets for FY28. Analysts note that Allied Blenders is focusing on high-profit segments and has established a dedicated team to support new product launches. The brand Officer’s Choice continues to perform well in the mass premium segment, benefiting from an improved state mix. Additionally, the company is on track with its backward integration plans, expected to be completed by FY27, which could enhance gross margins significantly.
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