Brokerage houses have rolled out a fresh set of recommendations, putting the spotlight on key stocks like Dixon Technologies, HDFC Life, ICICI Prudential, Aditya Birla Fashion, and VMM.
Dixon Technologies remains a top pick with CLSA maintaining an Outperform rating and a target price of ₹19,000, while Nomura continues to be bullish with a Buy rating and a revised target of ₹21,409.
Insurance majors also drew significant attention. Citi has reaffirmed its Buy stance on ICICI Prudential with a raised target of ₹850, and HDFC Life with an updated target of ₹975. HSBC has maintained a Buy rating on HDFC Life with a target of ₹900, and Morgan Stanley remains Overweight with a target of ₹840. However, Macquarie has taken a cautious stance, keeping an Underperform rating on HDFC Life with a target of ₹720.
Aditya Birla Fashion was initiated by Bernstein with a Market Perform rating and a target of ₹170, while VMM earned a Buy initiation from Motilal Oswal with a target of ₹165.
In the auto sector, Tesla’s India entry triggered commentary from major firms. Macquarie and Morgan Stanley believe that the price differential and gradual ramp-up mean limited risk for Tata Motors and Mahindra & Mahindra. Citi added that if import duties are reduced or local manufacturing begins, the competitive environment could change, leading to more pressure on domestic OEMs.
In the banking and real estate space, Macquarie maintained an Outperform rating on HDFC Bank with a ₹2,400 target. Morgan Stanley has an Equal Weight on Oberoi Realty at ₹1,700, ICICI Lombard at ₹1,885, and ICICI Prudential at ₹625, while Macquarie holds a slightly more bullish stance on ICICI Lombard with a target of ₹2,255.
AWL Agri saw less optimism, with Morgan Stanley maintaining an Underweight call and a target of ₹260.
These calls reflect continued bullishness in select sectors like electronics manufacturing, insurance, and auto, with analysts showing mixed views on real estate and agriculture-linked names.
