Morgan Stanley sees shifting consumer preferences driving increased demand for SUVs as a positive indicator for Mahindra & Mahindra Ltd., and remains bullish on the counter.

The brokerage maintains an ‘equal-weight’ call on Tata Motors, saying that the upcoming launch of the Harrier EV and Sierra EV in the third quarter are key catalysts to watch.

HSBC expects a rate cut of 25 basis points by the Reserve Bank of India on Friday, and believes inflation is likely to trend below target.

NDTV Profit tracks what analysts are saying about various stocks and sectors. Here are the analyst calls to keep an eye out for on Wednesday.

Morgan Stanley On Tata Motors

  • Maintained ‘equal-weight’ rating with a target price of Rs 715, implying an upside potential of 1.4%.

  • Recently launched the Harrier EV built on its new Active Plus platform, targeting the premium electric SUV segment.

  • The upcoming launch of the Harrier EV and Sierra EV in the third quarter are key catalysts to watch.

  • The Harrier ICE model currently sells about 5,000 units per quarter; it remains to be seen how much the EV variant will add to this volume.

Morgan Stanley On Mahindra & Mahindra

  • Maintained ‘overweight’ rating with a target price of Rs 3,668.

  • Shifts in consumer preferences are driving increased demand for SUVs.

  • Management plans to launch two battery electric vehicles and internal combustion engine SUVs in calendar year 2026.

  • Longer-term absolute earnings before interest and tax from BEVs could be in line with that of ICE vehicles.

  • M&M expects mid-to-high teens growth in utility vehicle segment and aims for 85,000 unit production capacity by the end of fiscal 2027.

Morgan Stanley On Tata Power

  • Maintained ‘overweight’ rating with a target price of Rs 449, implying an upside potential of 15%.

  • For the solar engineering, procurement, and construction segment, third-party orders are expected to be completed in fiscal 2026.

  • The company has locked in its entire solar manufacturing capacity, with projected margins of approximately 20%.

  • Targets solar production of 3.7 GW in the current fiscal.

Morgan Stanley On Godrej Consumer Products

  • Maintained ‘overweight’ rating with a target price of Rs 1,431, implying an upside potential of 16%.

Management Takeaways:

  • Expects fiscal 2026’s revenue growth in the high single digits.

  • Ebitda growth anticipated in double digits.

  • Aims for mid to high single digit volume growth.

  • Household insecticide segment expected to grow at mid to high single digits.

  • New categories are expected to grow at mid-teens.

  • Management remains open to acquisition opportunities to drive growth and expand portfolio.

HSBC On Economy

  • Expects a 25 basis points rate cut by the RBI.

  • Inflation is likely to trend below target.

  • Lower inflation to aid income and fiscal revenue.

  • Financial year 2027 estimates are to determine the extent of the rate cut.

. Read more on Markets by NDTV Profit.Here are the analyst calls to keep an eye out for on Wednesday.  Read MoreMarkets, Business, Notifications 

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