Here are the key stocks to watch on March 28, 2025, based on the latest brokerage and fund house recommendations:
Positive
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ONGC: Jefferies maintains a Buy rating with a target price of ₹375. The brokerage sees 10–12% production CAGR between FY26–30, supported by growth from Mumbai High and structural reforms in gas and crude pricing. It forecasts a 14% EPS CAGR for FY25–27.
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Shree Cement: Nomura upgrades the stock to Buy, raising the target price to ₹34,000. The upgrade is driven by improved pricing trends and cost efficiency outlook.
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Glenmark: HSBC upgrades to Buy, with the target price revised upward to ₹1,785, citing better-than-expected product pipeline visibility and margin recovery.
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NHPC: CLSA reiterates a Buy with a high-conviction call and a target price of ₹117. The commissioning of the Parbati-II project is expected to add 11.5% to capacity and 26% to regulated equity.
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JSPL: Kotak Institutional Equities maintains a Buy rating with a target of ₹1,055. The brokerage expects strong volume growth, margin expansion through cost-saving projects, and disciplined capex with peak net debt/EBITDA under 1.5x in 2QFY26.
Neutral
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ABB: HSBC maintains a Hold rating with a target price of ₹5,500. While ABB continues to raise prices (5% hike effective April 2), HSBC believes margins may have peaked, limiting further upside.
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BSE: Jefferies retains a Hold rating with a target price of ₹5,250. Valuation appears fair after recent stock performance.
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Wipro: Goldman Sachs maintains a Sell rating with a target price of ₹256, citing macro challenges despite recent large deal wins.
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Infosys: Goldman Sachs maintains a Buy but cuts the target to ₹1,790, pointing to near-term growth moderation while keeping long-term potential intact.
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TCS: Goldman Sachs maintains a Buy but lowers the target price to ₹4,230 amid cautious near-term demand sentiment.
Negative
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LTI Mindtree: Goldman Sachs downgrades the stock to Neutral and slashes the target price to ₹4,500, citing increasing execution risk and macro-related concerns.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are advised to consult their financial advisors before making any investment decisions.
