Suspense Crime, Digital Desk : CLSA continues to show strong confidence in NHPC, maintaining a 'High Conviction Outperform' rating with a target price of ₹117. Despite a temporary 20% expected dip in FY26 net profit due to project delays at Parbati-2 and Teesta, the brokerage views this as a short-term hurdle. The long-term thesis is compelling: NHPC is expected to see a massive 90% increase in regulated equity earnings between FY26 and FY30. Analysts note that management’s conservative accounting policies currently mask the true profit potential, suggesting the stock’s EPS could nearly double in the coming years.Ambuja Cements: The Contrarian UpgradeBernstein has delivered a 'Contrarian Upgrade' for Ambuja Cements, shifting to an 'Outperform' rating. While the target price has been adjusted to ₹486, the brokerage argues that the valuation gap between Ambuja and its larger peers like UltraTech is unsustainable. Bernstein highlights that Ambuja’s current valuation is nearing the cost of building a greenfield plant from scratch, making it an attractive entry point. As execution improves, the brokerage expects Ambuja’s EBITDA per tonne to close the gap with industry leaders, signaling significant upside potential.Tata Motors and LTTS: Why Brokerages Suggest a 'Hold'Caution is the theme for Tata Motors and L&T Technology Services (LTTS). HSBC has maintained a 'Hold' rating on Tata Motors with a ₹400 target, citing margin pressures in the Passenger Vehicle segment and a lack of innovation in the Jaguar Land Rover (JLR) portfolio. Similarly, for LTTS, HSBC maintains a 'Hold' with a ₹3,285 target; while acknowledging the company’s leadership in IP development and AI capabilities, analysts believe near-term revenue growth remains capped, suggesting investors wait for clearer signals before increasing exposure.Trent: Expansion Plans Drive Long-Term OptimismBernstein maintains an 'Outperform' rating on Trent, despite lowering its target price to ₹3,500. The retail giant has successfully completed its store rationalization phase and is now shifting focus back to aggressive growth. With plans to open approximately 50 new Westside stores annually over the next few years, Trent is targeting deeper penetration in India’s top 100 cities. Analysts remain bullish, viewing the brand’s robust retail footprint as the company’s core competitive advantage for the medium-to-long term.
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