Several key stocks are in focus today as top brokerages issued fresh calls and updated price targets across oil, financial, industrial and consumer names.
In the oil and gas space, ONGC remains widely tracked after multiple brokerages shared their views. CLSA retained a high conviction Outperform call with a target price of ₹330 per share, citing stronger than expected QFY26 earnings and guidance for gas ramp-up from the KG-98/2 block in FY27. Jefferies maintained a Buy call but trimmed its target to ₹310, saying consolidated earnings were broadly in line while cost optimisation remains key amid soft crude prices. Nomura also reiterated a Buy with a reduced target of ₹270, expecting 4 percent volume CAGR through FY25–28, and highlighting new production from Daman and DSF-II fields. In contrast, Goldman Sachs maintained a Sell rating with a target of ₹220, pointing to lower growth visibility and modest returns.
In the power and energy segment, CLSA maintained a Hold call on Tata Power with a revised target of ₹369, noting that the September quarter was impacted by the Mundra IPP shutdown and weakness in Indonesian operations. The brokerage said Odisha Discom, solar EPC and module businesses performed well despite margin pressures.
Among exchanges, BSE Ltd drew attention after two major global brokerages released notes. Jefferies maintained a Hold call with a ₹2,930 target, highlighting strong option revenue growth and lower SGF charge benefit. Goldman Sachs kept a Neutral stance with a ₹2,460 target, saying operating revenue rose 12 percent sequentially, supported by robust activity across segments.
In the financials space, Jefferies reiterated a Buy call on Max Financial Services with a ₹1,900 target, after the company reported 25 percent year-on-year growth in value of new business and a 185 basis point margin expansion to 25 percent. Citi maintained a Buy on Aavas Financiers with a ₹2,350 target, citing steady AUM growth and strong profitability. Vodafone Idea continued to feature on brokerage radars with mixed views — BoFA retained an Underperform call with a ₹6.5 target citing high leverage, while Nuvama maintained Hold, noting stable margins and moderate subscriber losses. Morgan Stanley remained Overweight on Shriram Finance with a ₹925 target, expecting margin expansion and 16 percent return on equity.
In the industrial and infrastructure basket, Elara Capital maintained a Buy on KEC International with a ₹930 target after 19 percent revenue growth and 70 percent higher order inflows. Goldman Sachs reaffirmed a Buy on Schneider Electric Infrastructure with a ₹950 target, citing 46.5 percent rise in orders and margin resilience. Bharat Forge was covered by multiple brokerages — Nomura kept a Neutral call at ₹1,553, flagging export weakness offset by defence growth, while InCred maintained Hold at ₹1,209 after a 12 percent decline in EBITDA due to softness in the US commercial vehicle segment.
Elara Capital also reiterated its positive view on Jindal Stainless, maintaining an Accumulate call with a target of ₹836, while Jefferies retained Buy with a higher target of ₹925. Both brokerages expect steady earnings and a strong balance sheet outlook, with Jefferies projecting a 16 percent EBITDA CAGR through FY28.
In other notable calls, InCred maintained a Reduce rating on Bosch with a ₹27,910 target, citing flat revenue growth and cost pressures. HSBC retained a Buy on Crompton Greaves Consumer with a reduced target of ₹430, flagging near-term margin headwinds due to higher advertising spend and input costs. Nomura reaffirmed a Buy on EPL Ltd with a ₹350 target, expecting double-digit sales growth and stronger operating profit momentum.
Among newer sectors, Nomura kept a Buy call on Ather Energy with a ₹790 target, highlighting lower than expected EBITDA loss and robust volume growth outlook of 57 percent, 40 percent, and 33 percent over FY26–28.
Across the board, brokerages largely retained positive stances on select industrial, metal and financial names while remaining cautious on high-cost or export-sensitive segments.
Disclaimer: This article is for informational purposes only and does not constitute investment advice or stock recommendations.
