Citigroup maintained its buy rating on Maruti Suzuki with the target price hiked to Rs 19,000 from Rs 18,900 earlier. Analysts said they were making minor changes to their estimates for the company’s numbers to account for the recent strength in volume growth. They increased the volume growth for Maruti for FY26 to FY28 by 2–3%, and trimmed margin assumptions, accounting for slightly lower gross margins. They said the company’s earnings before interest and taxes (EBIT) and earnings estimates over FY26 – FY28 were increased by 0–1%.CLSA has upgraded its rating on JSW Energy to hold with the target price at Rs 486. Analysts said that the stock had, over the last 12 months, underperformed the market by 35%. They believed this underperformance had absorbed its recurring decline in net profit of 17% despite thermal power acquisition, mainly as the Supreme Court reversed a faulty regulatory order curtailing its merchant hydro power volume along with higher funding costs from leveraged M&As. Promoters have stepped-in to address its aggressive leverage via an Rs 3,000 crore equity injection along with a potential Rs 10,000 crore in additional equity. Analysts said while JSWE’s transition has slowed due to its move toward coal asset additions, this thin free-float stock at current valuations looks rich.Nuvama has a buy rating on Amber Enterprises with the target price at Rs 9,100. Analysts said that the company’s management reiterated their guidance, implying a strong 13–15 percentage point outperformance to industry in consumer durables, excellent traction in electronics and gradual improvement in Mobility. The management also highlighted deeper backward integration and recent acquisitions strengthen Amber’s capabilities and margin profile in the electronics business. Baking in recent takeover and raw material cost inflation yields a modest 6%/2% cut in FY26/27 earnings per share, analysts said.Jefferies has a buy rating on TBO Tek with the target price raised to Rs 1,950 from Rs 1,800 earlier. Analysts said that the management underscored sustained relevance of offline agents amid rising luxury and experiential travel demand. TBO is scaling AI tools to empower advisors, while partners like Emirates, Hilton value its reach, curated content, and service depth. With key account manager investments tapering, margin turnaround is underway.Morgan Stanley has initiated its coverage of Lenskart Tech at equal weight and a target price at Rs 445. Analysts said Lenskart is a distinctive play on shifting lifestyle dynamics and is largely insulated from macro headwinds. They believe the company has elements to be Essilor Luxottica (global eyewear leader) from India, given its leading position and fully integrated business model. However, at current levels the stock is fairly valued.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)
Maruti Suzuki, Lenskart & more: Top stocks to buy on December 16 — Check list
