Buy or sell: Stock recommendation by brokers for November 17, 2025
CLSA has an underperform rating on Jubilant Foodworks with the target price at Rs 477. Analysts said the company missed its sales estimates, which was known. Its earnings before interest, taxes, depreciation, and amortisation (EBITDA) margin was below consensus but slightly improved sequentially, while gross margin improved slightly as it raised prices and packaging charges. They also said the company’s sales per store grew 4.3% on the year (YoY) with Domino’s India like-for-like (LFL) growth of 9.1%. Analysts also believe the early festive season aided demand in the July-Sept quarter (Q2FY26) and in Oct.Jefferies has a buy rating on Voltas with the target price Rs 1,670. Analysts said in Q2Fy26, the company missed estimates, impacted by lower margins, while consolidated sales at Rs 2,340 crore (down 10% YoY) were in-line with estimates. However, operating profit margin (OPM) at 3% was lower than estimates, dragging down PAT. They said poor operating-leverage, higher marketing costs, and under-absorption at new facilities impacted margins.Bernstein has an outperform rating on Muthoot Finance with the target price at Rs 3,400. Analysts said for the company, Q2FY26 was another strong quarter and its strong assets under management (AUM) growth continued. Also its net interest margin (NIM) expanded further on higher recoveries, return on assets (ROE) crosses 30% with the earnings per share (EPS) growth at 87%.HSBC has a hold rating on Alkem Laboratories with the target price raised to Rs 5,170. Analysts said the company’s Q2FY26 numbers were ahead of estimates led by lower R&D costs, while India and US sales were in line and the rest of the world saw robust sales growth. Alkem guided for EBITDA margins of 19.5%-20% in FY26, against 22.5% in H1FY26 on higher spend on R&D and newer initiatives. Analysts believe it will take a while for new initiatives to yield results.Kotak has a sell rating on Eicher Motors with the target price at Rs 5,750. Analysts said the company reported an in-line quarter and they expect its volume growth to sustain over the coming quarters. They believe the average selling price (ASP) for its products and profitability will remain below expectations. They said valuations at 34 times one-year forward price-to-earnings for domestic two-wheeler business remain expensive.Disclaimer: The opinions, analyses and recommendations expressed herein are those of 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.
