Indian stock markets are expected to remain volatile today, with several key stocks under focus based on fresh brokerage updates. Analysts have revised ratings, target prices, and highlighted emerging trends that could influence trading sentiment.
IndusInd Bank remains in focus after Morgan Stanley maintained an Equal Weight rating with a target price of ₹900 per share. The bank disclosed a potential loss of 2.4% of its net worth due to a process flaw in FX hedge accounting, leading to understatement of costs. Concerns persist over the CFO’s resignation, the CEO’s shorter-than-expected tenure extension, and now a significant loss in the derivatives portfolio. Analysts see downside risks following the disclosure.
Bharat Electronics Ltd (BEL) has received a positive review from Morgan Stanley, which maintains an Overweight rating with a target price of ₹364 per share. The company secured orders worth ₹8.43 billion, including RF seekers, vessel systems, air traffic management systems, radar upgrades, and spare parts. This follows ₹5.77 billion worth of orders received on March 6, taking the total FY25 order inflows to ₹146 billion, against its full-year guidance of ₹250 billion.
Sun Pharma has drawn attention after Nomura assigned a Neutral rating with a target price of ₹1,970 per share. The company announced the acquisition of Checkpoint Therapeutics for $355 million upfront, strengthening its specialty business in oncology and dermatology, where it already has a presence through Odomzo and Nidlegy.
SBI Cards is expected to gain traction as HSBC reiterates a Buy rating with a target price of ₹1,000 per share. Analysts project a 200 basis point YoY decline in credit costs by FY26, with 300 bps reduction expected in Q4FY26 compared to Q4FY25. This could drive earnings per share (EPS) upgrades, improving valuations and making the stock more attractive at lower price-to-earnings (PE) ratios.
Maruti Suzuki continues to be in the spotlight as HSBC maintains a Buy call with a target price of ₹14,000 per share. While domestic demand remains uncertain, the company is optimistic about its export potential, especially for electric vehicles (EVs). Deterioration in domestic demand or weaker-than-expected export traction remains a key downside risk.
Disclaimer
This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a financial advisor before making investment decisions.
