Leading brokerage firms have released their latest recommendations, highlighting key stocks to watch based on upgrades, target price revisions, and sector insights.
Top Buy and Upgrade Calls:
- Coforge: Morgan Stanley maintains Overweight, target price ₹11,500.
- Reliance Industries: Macquarie upgrades to Outperform, target price ₹1,500.
- Nykaa: UBS upgrades to Buy, target price ₹200.
- PVR: Kotak upgrades to Buy, target price ₹1,200.
- Indigo: Citi maintains Buy, target price ₹5,200.
- Adani Ports: Goldman Sachs maintains Buy, target price ₹1,400.
- BEL (Bharat Electronics): JP Morgan maintains Overweight, target price ₹343.
- DLF: Jefferies maintains Buy, target price ₹1,000.
- Afcons: Nuvama initiates Buy, target price ₹535.
- Zee Entertainment: Nuvama maintains Buy, target price ₹185.
- Redington: DAM Capital maintains Buy, target price ₹285.
Sector Insights:
- Steel Sector: JP Morgan notes that the scale of China’s steel production cuts remains uncertain, while Germany’s planned €500 billion infrastructure investment over 10 years could support global steel demand (Neutral outlook).
Market participants will closely watch these stocks as brokerage views and global trends influence trading sentiment.
Disclaimer:
The information provided in this article is for informational purposes only and does not constitute financial or investment advice. Stock market investments are subject to risks, and past performance is not indicative of future results. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions. Business Upturn and its affiliates do not guarantee the accuracy, reliability, or completeness of the market data provided.
