Brokerage Views: Motilal Oswal, Emkay Upbeat On Raymond Lifestyle, Nuvama On IndiGo

Emkay Global Financial Services Ltd. and Motilal Oswal Financial Services Ltd. have issued optimistic outlook for Raymond Lifestyle Ltd., which was demerged from the parent in July and likely to list soon.

Nuvama has maintained its 'buy' call on IndiGo parent InterGlobe Aviation Ltd., citing duopolistic nature of the industry that ensures pricing discipline and drives up yields.

NDTV Profit tracks what brokerages are putting out on stocks and sectors. Here are all the top calls from analysts you need to know about on Tuesday.

Motilal Oswal On Raymond Lifestyle

The brokerage attended Raymond Lifestyle’s investor meet and factory visit in Vapi, Gujarat.
The company has guided for 12–15% revenue growth in lifestyle.
It expects to double its operating profit (Ebitda) to Rs 2,000 crore by fiscal 2028.
The firm aims to double exclusive brand outlets and expand into new categories such as innerwear and sleepwear.
The brokerage ascribed valuation-to-Ebitda of 15 times in fiscal 2026, with value at Rs 2,610 per share.

Also Read: Raymond Q1 Results: Revenue Surges 98.3%, Profit Up 27%

Emkay On Raymond Lifestyle

The company is a play on the huge opportunity in Indian wedding space, textiles, exports, and styling, according to Emkay Global.
The company targets a compounded annual growth rate of 12-15% in revenue and 16–17% in operating profit (Ebitda), over fiscals 2024-2028.
Topline growth is likely to be led by CAGR of 18-20% in its apparel-garmenting businesses, 7–8% in high return-on-capital textiles business.
The company will be a net-debt free player and is expected to be listed by mid-September this year.
Asset-light and franchisee-driven retail expansion is expected to drive 18–20% annual growth.

Also Read: Here's How Much Raymond Lifestyle Is Valued

Nuvama On IndiGo

Nuvama maintains 'buy' call on IndiGo parent InterGlobe Aviation, with a target price of Rs 5,300 per share, representing an upside of 12% over the previous closing price.
The company's order book stands at 975 aircraft, enabling the airline to receive more than one aircraft per week, offsetting the impact of more than 70 aircraft on the ground.
IndiGo's tailor-made product is likely to revolutionise the business-class flying experience in India and may lead to a new growth avenue.
Duopolistic nature of the industry ensures pricing discipline and drives up yields.

Also Read: Stock Market Today: All You Need To Know Before Going Into Trade On Aug. 27