Indian stock markets may take cues today from a series of brokerage views on key companies. Here’s a snapshot of the latest stock recommendations and target price revisions issued by leading brokerages:
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Asian Paints: Jefferies upgraded to “Buy” (Target: ₹2,830), HSBC raised target to ₹2,900 (Maintained “Buy”).
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Varun Beverages (VBL): Jefferies upgraded to “Buy” (Target: ₹650).
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Berger Paints: HSBC raised target to ₹640 (Maintained “Buy”).
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HPCL: Citi maintained “Buy” (Target: ₹510).
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Adani Energy: Jefferies kept “Buy” (Target: ₹1,150).
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Adani Green: Jefferies maintained “Buy” (Target: ₹1,300).
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Sobha: Nuvama reiterated “Buy” (Target: ₹1,784).
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The Leela: JP Morgan initiated “Overweight” (Target: ₹510).
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Consumer Stocks (HUL, Asian Paints, VBL): Jefferies sees limited downside, potential upside if sentiment improves.
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NMDC: JP Morgan expects better Q1 performance vs. Coal India.
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Hindalco & Vedanta: Likely to see EBITDA contraction (JP Morgan).
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Indegene: B&K Securities initiated “Hold” (Target: ₹648).
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Phoenix Mills: Nomura maintained “Reduce” (Target: ₹1,400).
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Birlasoft: Antique initiated “Hold” (Target: ₹450).
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Godrej Properties: Nomura initiated “Reduce” (Target: ₹1,900).
Disclaimer: The views and recommendations expressed above are those of the respective brokerage firms. They do not represent the views of this publication and are not investment advice. Investors are advised to consult with certified financial advisors before making any investment decisions.
