Brokerages have issued fresh recommendations on several stocks, highlighting key insights and target prices. Here are the top stocks in focus today based on Fund Houses Recommendations:
Key upgrades and initiations:
- Citi on GSPL: Upgraded to Buy, target price ₹325
- HSBC on Tata Motors: Upgraded to Buy, target price ₹840 (cut)
- DAM on Ambuja Cement: Upgraded to Buy, target price ₹555
- Jefferies on Patanjali: Initiated Buy, target price ₹2,050
- Cantor on Adani Green: Initiated Overweight, target price ₹1,222
- Cantor on Adani Power: Initiated Overweight, target price ₹595
- Jefferies on SAI Life: Initiated Hold, target price ₹730
- Jefferies on Waaree Energies: Initiated Hold, target price ₹2,030
Maintained Buy ratings:
- Citi on HPCL: Target price ₹460
- BofA on Bajaj Auto: Target price ₹8,900
- Jefferies on JSW Energy: Raised target price to ₹700
- DAM on Ramco Cement: Target price ₹905
Sector outlook:
- DAM on Cement Stocks: Demand uptick from Dec’24 led by government capex revival. Industry nearing the end of consolidation. Shree Cement and UltraTech Cement are top picks.
Morgan Stanley Focus List changes:
- Added: Coforge and Indigo
- Removed: Infosys and M&M
Neutral & Sell calls:
- DAM on Dalmia Bharat: Neutral, target price ₹1,750
- DAM on ACC: Neutral, target price ₹2,010
- DAM on Nuvoco: Neutral, target price ₹320
- GS on Dixon: Sell, target price ₹10,500
- GS on Cable & Wire: Polycab and KEI trading at FY27E P/E of 31X and 29X, suggesting waiting for better entry points
Disclaimer: Stock market investments are subject to risks. Investors are advised to conduct their due diligence before making any decisions.
