A range of key stocks are in focus today following fresh brokerage views and target revisions from top fund houses. Here’s a summary of notable updates:
PB Fintech draws strong interest
Citi and Jefferies have both maintained their Buy rating on PB Fintech with target prices of Rs 2,150 and Rs 2,000 respectively. However, Morgan Stanley retained an Underweight stance with a target of Rs 1,130, indicating a divergence in outlook across brokerages.
Crompton sees mixed reaction
Brokerage calls on Crompton Greaves Consumer Electricals remain divided. Jefferies maintained Buy and raised the target to Rs 485, while CLSA also raised its target to Rs 410 with an Accumulate rating. On the other hand, Citi, Nomura, and Goldman Sachs retained Buy ratings but revised down their targets to Rs 440, Rs 444, and Rs 440 respectively. Morgan Stanley stayed Underweight with a reduced target of Rs 317, and JP Morgan maintained Neutral, lowering its target to Rs 365.
LIC Housing Finance gets attention
CLSA and Jefferies reiterated Buy on LIC Housing, setting targets at Rs 720 and Rs 700 respectively. Meanwhile, Morgan Stanley maintained an Underweight call with a target of Rs 435.
IndusInd Bank downgraded by multiple firms
CLSA downgraded IndusInd Bank to Hold and cut the target to Rs 780. Investec issued a more cautious Sell call, slashing the target to Rs 650. In contrast, Macquarie retained Outperform with a target of Rs 1,210, while Morgan Stanley continued with an Underweight stance at Rs 755.
Other key updates
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eClerx: Nomura maintained Buy, target at Rs 3,600
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Neuland Labs: Goldman Sachs retained Buy, target at Rs 14,775
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Lupin: Citi reiterated Buy, target at Rs 2,260
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Page Industries: Citi maintained Sell but raised the target to Rs 37,200
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Apollo Tyres: Nomura continued with a Neutral view, target at Rs 490
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JSW Energy: Morgan Stanley maintained Overweight, target at Rs 487, while CLSA retained Underperform, target at Rs 423
Sector view – Defence
Jefferies issued a positive outlook on the defence sector, highlighting BEL, HAL, and Data Patterns as its top picks following strong Q4 performance.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Please consult your financial advisor before making any investment decisions.
