Top Stocks to Buy Today: Expert Recommendations for April 2, 2025
BofA Securities’ Neutral Rating on Tata Motors
BofA Securities suggests a ‘neutral’ rating for Tata Motors, with a target price of Rs 735. The company’s CFO stated that it’s too early to respond to potential US tariffs, and a supply chain rethink is unlikely. The company’s mitigation plan includes premiumization, cost, pricing, and developing other markets. Analysts also believe that the company’s demerger would unlock value.
Jefferies’ Buy Rating on GMR Airports
Jefferies recommends a ‘buy’ rating for GMR Airports, with a target price of Rs 92. The authorities have issued a tariff order for FY25-FY29 for the company’s Delhi Airport. The final aero tariff aligns with recent consultation paper suggestions, implying a 148% increase in Yield/pax. The tariff order improves visibility on profitability, according to analysts.
CLSA’s Outperform Rating on HAL
CLSA recommends an ‘outperform’ rating for HAL, with a target price of Rs 4662. The company secured its largest order of Rs 62,700 crore for light combat helicopters, which will add 53% to the company’s order-book and enhance decadal growth visibility. HAL trades at a deserved premium compared to global aerospace peers due to its Make in India pipeline and market access.
HSBC’s Buy Rating on Bharti Airtel
HSBC suggests a ‘buy’ rating for Bharti Airtel, with a target price of Rs 1,985. After a recent management meeting, analysts confirmed that the company’s growth levers remain intact, including rising mobile ARPU, expanding home broadband subscribers, increasing free cash flow, and growth in dividends. The main discussion point during the management meeting was the potential timing of the next tariff hike.
Citigroup’s Buy Rating on Vodafone Idea
Citigroup recommends a ‘buy’ rating for Vodafone Idea, with a target price of Rs 12. The company announced that the government will convert part of its outstanding spectrum dues to equity. Analysts view this as a significant display of support by the government, providing substantial cash flow relief to the company over the next three years and assisting in completing its bank debt raise.
Disclaimer
The opinions, analyses, and recommendations expressed herein are those of the 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.
