Analyst view: Sun TV gets ADD rating and higher target price, Jubilant FoodWorks faces sell call

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Analyst view: Sun TV gets ADD rating and higher target price, Jubilant FoodWorks faces sell call
Credit: © Reuters.

Analysts at IIFL Securities have upgraded their recommendation for Sun TV (NS: SUTV ) Network Ltd. to 'ADD' from 'HOLD' with a new price target of ₹731, a bullish signal for the media conglomerate. The revised target represents an increase from the previous goal, although the firm's earnings per share (EPS) estimates have been trimmed by up to 3%. The potential for value realization through a demerger or an initial public offering (IPO) of Sun TV's Indian Premier League (IPL) franchise is cited as a key driver behind the optimistic outlook.

In contrast, CLSA has maintained a 'SELL' rating on Jubilant FoodWorks (NS: JUBI ) Ltd., which operates Domino's Pizza (NYSE: DPZ ) in India, reducing its target price slightly to ₹502. The advisory points to heightened competition in the quick-service restaurant sector and elevated fixed costs amidst a backdrop of waning consumer interest as challenges facing the company.

Meanwhile, Jefferies has expressed confidence in Honasa Consumer (NS: HONA ) Pvt. Ltd., the parent company of personal care brands like Mamaearth, by recommending a 'BUY' and raising the target price to ₹530. This endorsement follows robust second-quarter results and the management's expectations of over 30% sales growth along with improvements in EBITDA margins.

Lastly, Motilal Oswal (NS: MOFS ) has taken a neutral stance on real estate giant DLF (NS: DLF ) Ltd., setting a target price of ₹650. The brokerage notes that while the company has seen steady bookings year-on-year for the first half of FY24, DLF's effective cash flow management strategies have contributed to reduced debt levels, which are important considerations for investors.

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