Several large-cap and sectoral stocks are in focus on January 1 following fresh brokerage recommendations. Autos, steel, and select financial stocks remain favoured, while telecom and capital goods continue to see cautious positioning.
Stocks in focus: positive brokerage calls
Mahindra & Mahindra will be in focus after Kotak Institutional Equities maintained a Buy rating on the company with a target price of Rs 4,350 per share, retaining a positive outlook.
Kotak Mahindra Bank is in focus as Motilal Oswal Financial Services reiterated a Buy rating with a target price of Rs 2,500 per share, maintaining a constructive stance on the bank.
Titan Company will be watched after UBS maintained a Buy rating and raised its target price to Rs 4,700 per share, signalling improved confidence in earnings visibility.
Astral is in focus after Equirus Securities maintained a Buy rating with a target price of Rs 1,799 per share, keeping its positive view intact.
Steel stocks in focus
Steel stocks including JSW Steel, SAIL, Tata Steel, and Jindal Steel are likely to remain in focus after HSBC and Morgan Stanley said sector re-rating is possible. Morgan Stanley noted that domestic HRC prices stand at a 9% discount after factoring in safeguard duty, with JSW Steel and SAIL seen as better positioned, followed by Tata Steel and Jindal Steel.
Auto sector stocks in focus
Auto stocks remain on the radar after Goldman Sachs highlighted strong year-on-year growth across vehicle segments. The brokerage said cars continue to outperform two-wheelers, with 27% YoY growth in December compared to 13% for two-wheelers, though volume growth may moderate slightly in Q4 FY26.
Financials and macro-linked stocks
Financial stocks will be tracked after Citi maintained a Neutral view on the sector, noting steady corporate lending growth but moderation in credit card outstanding.
Stocks under cautious view
Vodafone Idea is in focus after Axis Securities maintained a Reduce rating with a target price of Rs 9.45 per share.
Siemens Energy will also be watched after Equirus Securities maintained a Reduce rating with a target price of Rs 2,695 per share.
Brokerage commentary heading into January 1 keeps autos, steel, and select large-cap stocks in focus, while telecom and certain industrial names continue to see cautious positioning.
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