Brokerages have released their latest research updates on several Indian companies across sectors, offering fresh target prices and outlooks. Here’s a look at the key calls:
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Citi on HPCL: Maintain Buy, target price ₹530/sh.
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Citi on BPCL: Maintain Buy, target price ₹440/sh.
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Citi on IOCL: Maintain Buy, target price ₹190/sh.
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CLSA on TCS: Maintain Outperform, target price ₹4,279/sh.
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Jefferies on Adani Ports: Maintain Buy, target price ₹1,815/sh.
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Macquarie on Adani Ports: Maintain Overweight, raise target price to ₹1,760/sh.
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MOSL on Cummins India: Maintain Buy, raise target price to ₹4,500/sh.
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Kotak on Indus Towers: Upgrade to Buy, raise target price to ₹400/sh.
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HSBC on UPL: Maintain Buy, target price ₹775/sh.
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Nomura on GAIL: Maintain Buy, target price ₹225/sh.
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HSBC on Agro Inputs: Sector regaining health, favorable industry dynamics.
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GS on India Strategy: Overweight view on consumer-sensitives.
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Jefferies on India Strategy: Fresh Buy inclusions – Reliance, Coforge, Siemens Energy, Adani Ports, AWL Agri, Sun Pharma, Mankind, GMR Airports.
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Macquarie on Consumer Sector: Dabur has 8% FY25 sales exposure to Nepal; Godrej CP has 14% FY25 sales exposure to Indonesia.
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CLSA on Oil & Gas: Weak July gas demand may impact Q2 volumes of GAIL, Petronet, GSPL.
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Cantor on Adani Energy: Maintain Overweight, cut target price to ₹1,048/sh.
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MOSL on Coal India: Maintain Buy, cut target price to ₹450/sh.
Disclaimer: The views and investment recommendations expressed above are those of the respective brokerages. They do not represent the views of this publication. This article is for informational purposes only and is not investment advice.
