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June auto sales data: Commercial vehicle turns consensus player; brokerages list stocks to buy
Indian automakers reported strong performance in June 2026, with healthy demand across passenger vehicles, two-wheelers, commercial vehicles and tractors. Brokerages including Motilal Oswal, Emkay and ICICI Securities highlighted broad-based growth, with several OEMs beating estimates. Maruti, M&M, TVS and Tata Motors stood out, while Hyundai underperformed in PVs. Analysts remain optimistic on the sector, favouring CVs and select two-wheeler players amid improving demand and pricing conditions.
Ola Electric shares can crash up to 35%, warns Emkay after seeing Q4 results
Shares of Ola Electric fell sharply on Thursday on after a weak Q4 show, with brokerage Emkay Global maintaining a Sell rating and raising its target to Rs 25, implying over 35% downside. Revenue dropped 57% YoY and volumes slumped, while competition from rivals like Ather and TVS mounts, clouding near-term recovery prospects.
Uno Minda drops 6% as management avoids FY27 guidance; analysts cut target
Uno Minda shares fell nearly 6 per cent after the company withheld FY27 growth guidance amid geopolitical uncertainty. Emkay downgraded the stock, citing slower growth and margin pressure
Emkay maintains Nifty 50 target at 29,000; check top picks and portfolio changes
Emkay's exposure to the “post-war oil price weakness” theme remains at 25%. Larsen & Toubro is its biggest individual holding at 7% of the portfolio. Other key picks under the theme include HPCL at 5%, Tata Motors CV business at 5%, Maruti Suzuki at 4%, and Delhivery at 4%.
Ather Energy jumps 5% to hit 52-week high; analysts see up to 14% upside
Ather Energy share: Sentiment was further buoyed by favourable brokerage commentary, with Nomura and Emkay Global retaining 'Buy' ratings on the stock
This 'consensus buy' auto stock, up 200% in the last year, can rise another 32% as per Emkay
Emkay wrote in its note on Thursday that there will be a mega shift towards electrification in the automobiles segment and this shift is likely to be a structural one, similar to the one seen from scooters to motorcycles in the 1990s. Ather Energy remains the preferred stock for Emkay to play the electric two-wheeler theme.
Uno Minda falls up to 6% to hit one-month low post-Q4 results; Emkay Global downgrades stock to 'reduce'
Choice Broking reduced its target price by 6 percent to Rs 1,240 while maintaining an 'add' rating on the stock.
Buy Tata Motors; target of Rs 600: Emkay Global Financial
Emkay Global Financial is bullish on Tata Motors has recommended buy rating on the stock with a target price of Rs 600 in its research report dated Jun 23, 2026.
Buy Tata Motors; target of Rs 600: Emkay Global Financial
Emkay Global Financial is bullish on Tata Motors has recommended buy rating on the stock with a target price of Rs 600 in its research report dated May 14, 2026.
Buy Apollo Tyres; target of Rs 600: Emkay Global Financial
Emkay Global Financial is bullish on Apollo Tyres has recommended buy rating on the stock with a target price of Rs 600 in its research report dated March 04, 2026.
Buy Ather Energy; target of Rs 1000: Emkay Global Financial
Emkay Global Financial is bullish on Ather Energy has recommended buy rating on the stock with a target price of Rs 1000 in its research report dated March 16, 2026.
Reduce Tech Mahindra; target of Rs 1450: Emkay Global Financial
Emkay Global Financial recommended reduce rating on Tech Mahindra with a target price of Rs 1450 in its research report dated April 23, 2026.