Brokerage firms released fresh research notes on select Indian stocks ahead of market action on May 30. The reports cover Q4FY25 earnings trends, management commentary, and sector outlook across auto, pharma, energy, IT, and financial services. Here are the top stocks and shares to watch today based on key brokerage views:
Bajaj Auto stock: Mixed views on margin resilience and valuation
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Bernstein maintained an Outperform rating on Bajaj Auto with a target price of ₹11,000, highlighting the company’s ability to sustain margins despite headwinds.
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CLSA also maintained Outperform with a target of ₹10,149, noting stable margins and market share gains in electric two-wheelers (e-2Ws).
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Jefferies retained a Hold rating with a target of ₹8,000, positive on EV prospects but concerned about domestic motorcycle share and export volumes.
Ola Electric stock: Goldman Sachs bullish on ramp-up and EBITDA breakeven
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Goldman Sachs initiated a Buy rating with a target price of ₹70. While Q4 revenue was slightly below estimates, management expects ramp-up in e-motorcycles, semi-urban markets, and a path to Auto EBITDA breakeven by Q2FY26.
Samvardhana Motherson stock: Positive long-term outlook
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Nomura maintained a Buy rating with a TP of ₹170, citing strong growth potential from non-auto segments and a five-year $108bn revenue target.
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Jefferies also retained Buy but cut EPS estimates by 14-19% due to margin pressures, with a TP of ₹180.
Suzlon stock: Strong FY26 guidance excites brokerages
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Morgan Stanley maintained Overweight on Suzlon with a TP of ₹77. Management guided for 60% YoY growth in volumes and profitability improvement in FY26.
Alkem Labs stock: Divergent views on margin guidance
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Jefferies downgraded to Underperform and cut the TP to ₹4,460 due to flat FY26 margin guidance and rising R&D spend.
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Nomura maintained Buy with a TP of ₹5,430, expecting strong growth in India formulations and a first-wave Semaglutide launch in FY26.
BirlaSoft stock: Downgrade on revenue concerns
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Macquarie downgraded the stock to Underperform from Outperform, slashing the target to ₹350 from ₹640. Revenue decline was broad-based, and margin improvement now looks unlikely.
Amara Raja stock: Cautious view post earnings miss
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Morgan Stanley maintained Underweight with a TP of ₹926, flagging a decline in margins and PAT during Q4.
Dr Agarwal Eye stock: Mixed outlook on expansion plans
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Morgan Stanley kept an Overweight stance with a TP of ₹494, positive on the long-term growth of India’s eyecare market.
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Jefferies retained Hold, cutting the TP to ₹380, as FY26 revenue growth guidance came below expectations.
ICICI Bank stock: Citi bullish on profitability and ROA
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Citi reiterated Buy with a TP of ₹1,650 after a management meeting. The bank’s focus on business banking, improving unsecured stress, and sustaining ROA above 2% supports the bullish view.
Cummins stock: Jefferies cautious on margin risks
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Jefferies maintained Underperform with a TP of ₹2,405, citing an earnings miss in Q4 and margin uncertainty amid CPCB IV+ pricing transition. It prefers peers like Siemens, HAL, KEI, ABB, and L&T.
With key stocks like Bajaj Auto, Ola Electric, Samvardhana Motherson, Suzlon, Alkem Labs, ICICI Bank, and Cummins in focus, markets could see stock-specific action today based on brokerage sentiment.
Disclaimer: The views and investment recommendations expressed above are those of the respective brokerage firms. Business Upturn does not offer any investment advice. Investors should consult their financial advisors before taking any investment decisions.
