Brokerages remained active with fresh views across financials, consumer, IT, pharma, and auto sectors, with multiple upgrades and buy calls suggesting stock-specific action for investors at the start of the week.
Bajaj Finance: Jefferies maintains buy, target price at ₹1,100
Jefferies reiterated a positive view on Bajaj Finance, maintaining a buy rating with a target price of ₹1,100 per share, citing manageable SME stress and steady credit costs.
Trent: HSBC maintains buy, target price at ₹6,500
HSBC retained its bullish stance on Trent, keeping a buy call with a target of ₹6,500, highlighting strong retail growth momentum.
Cohance: Jefferies initiates buy, target price at ₹1,150
Jefferies initiated coverage on Cohance with a buy call and a target price of ₹1,150, placing it among its top CRDMO picks.
Divi’s Lab: Jefferies upgrades to buy, target price at ₹7,150
Jefferies upgraded Divi’s Laboratories to buy with a revised target price of ₹7,150, reflecting improved growth expectations.
Sai Life: Jefferies maintains buy, target price at ₹1,100
Jefferies reaffirmed its buy call on Sai Life Sciences with a target price of ₹1,100, citing strong revenue visibility.
Infosys: Investec upgrades to buy, target price at ₹1,655
Investec upgraded Infosys to buy with a target of ₹1,655. It said the risk-reward profile for IT stocks has improved, preferring TechM, Infosys, and TCS in Tier-1 and Mphasis, Zensar, KPIT in Tier-2.
IT sector: Citi maintains neutral, says FY26 is third slow growth year
Citi maintained a neutral view on the IT sector, warning that FY26 could mark the third consecutive year of muted growth for Indian IT firms.
TVS Motor: Goldman Sachs maintains neutral, target price at ₹3,430
Goldman Sachs kept a neutral call on TVS Motor with a target of ₹3,430, noting upcoming launches but limited upside due to valuations.
Reliance Industries: Kotak maintains buy, target price at ₹1,555
Kotak Institutional Equities maintained its buy rating on Reliance Industries with a target of ₹1,555, while flagging that near-term triggers like Jio IPO and new energy plans remain awaited.
ITC Hotels: JM Financial maintains sell, target price at ₹215
JM Financial reiterated a sell call on ITC Hotels with a target of ₹215, citing limited re-rating potential in the near term.
Disclaimer: This article is based on brokerage recommendations and is for informational purposes only. It is not investment advice.
