Top brokerages and fund houses have shared their latest stock calls for the day, with heavyweights such as Larsen & Toubro (L&T), PB Fintech, Varun Beverages (VBL), and CG Power remaining in focus. Analysts largely maintained positive stances on capital goods, engineering, and consumer names, citing strong order pipelines and healthy domestic demand trends.
Goldman Sachs (GS) maintained a Buy rating on Varun Beverages (VBL), while raising the target price to ₹615 per share, citing sustained volume growth and margin resilience in its core beverage business.
Morgan Stanley (MS) reiterated an Overweight stance on CG Power, with a target price of ₹799 per share, highlighting robust order inflows and favourable demand momentum across power equipment verticals.
Nuvama Institutional Equities maintained a Buy on Star Health, raising the target price to ₹550 per share, driven by steady policy growth and improving underwriting performance.
Jefferies retained its Buy call on PB Fintech, raising the target price to ₹2,100 per share, reflecting strong revenue growth and margin expansion after a robust quarterly performance.
Among large-cap industrials, Larsen & Toubro (L&T) remained the most actively covered stock today. Axis Securities maintained a Buy rating with a revised target of ₹4,580 per share (from ₹4,270 earlier), Emkay Global reiterated a Buy with a target of ₹4,400 (vs ₹4,000), Investec kept its Buy rating with a new target of ₹4,800 (vs ₹4,460), while Jefferies also maintained a Buy call with a price target of ₹4,715. Morgan Stanley, however, stayed Overweight with a slightly conservative target of ₹4,090 per share.
On Dr. Reddy’s Laboratories, brokerages remained mixed following recent regulatory developments. Elara Securities maintained a Buy rating with a target of ₹1,588, while Axis Capital reiterated Reduce at ₹1,230. Centrum Broking held a Buy at ₹1,510, Morgan Stanley stayed Overweight at ₹1,389, BofA Securities remained Buy at ₹1,600, and Jefferies continued to rate the stock Underperform with a target of ₹1,130.
In the commodities and metals space, Elara Securities maintained Accumulate on Coal India with a target of ₹432, while Morgan Stanley reiterated Overweight on BHEL at ₹258 and Equal Weight on SAIL at ₹140.
Additionally, Nuvama retained a Buy on VBL with a target of ₹595 and on Jindal Steel & Power (JSPL) with a target of ₹1,400 per share, highlighting resilient demand across beverage and metals segments respectively.
Overall, brokerage sentiment for the day remains broadly positive across capital goods, infra, financials, and consumption-oriented stocks, with fund houses largely maintaining bullish calls on L&T, PB Fintech, Star Health, and CG Power.
Disclaimer: Brokerage views mentioned are based on publicly available reports and are not investment recommendations by Business Upturn. Investors are advised to consult certified financial advisors before making investment decisions.
