Buy or sell: Stock recommendation by brokers for April 7, 2025
[ad_1] 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 […]