Several fund houses and brokerage firms have issued their latest recommendations on Indian equities, highlighting positive sentiment on select stocks while cutting target prices on a few others.
Top Positive Ratings
- Jefferies on Siemens: Maintains Buy, target price ₹7,215.
- HSBC on M&M: Maintains Buy, target price ₹3,520.
- Morgan Stanley on Ultratech: Maintains Overweight, target price ₹13,650.
- Goldman Sachs on Titan: Maintains Buy, target price ₹3,900.
- Morgan Stanley on Coal India: Maintains Overweight, target price ₹525.
- Jefferies on SBI Life: Maintains Buy, target price ₹1,770.
- Morgan Stanley on IGI: Maintains Overweight, target price ₹617.
- CLSA on PFC: Upgrades to Buy, target price ₹525 (cut).
- CLSA on REC: Upgrades to Buy, target price ₹525 (cut).
- Investec on MGL: Upgrades to Buy, target price ₹1,600.
- Investec on GSPL: Upgrades to Buy, target price ₹465.
- Nuvama on CG Consumer: Maintains Buy, target price ₹500.
- Kotak on VMM: Initiates ‘Add’, target price ₹110.
- Jefferies on AWL: Initiates Buy, target price ₹370.
Sectoral Views
- Morgan Stanley on Consumer: Top Overweights – ITC, Jubilant Foodworks, Nykaa, Page Industries, Tata Consumer, Titan, Trent, Varun Beverages (Positive).
- CLSA on Telecom: High interest in Bharti Airtel, but concerns over recent promoter stake sale (Neutral).
- Citi on Banks: Credit to NBFCs remains muted, while trade and services credit provide support. Home loan growth moderated YoY, retail credit slowed to 14.2% YoY (Neutral).
Negative Ratings
- Jefferies on Polycab: Maintains Buy, cuts target price to ₹6,485 (Negative).
- Goldman Sachs on BSE: Maintains Buy, cuts target price to ₹4,880 (Negative).
Brokerages remain bullish on consumer, infrastructure, and select financial stocks, while a few companies, including Polycab and BSE, saw target price cuts despite a positive rating.
Disclaimer: This article is for informational purposes only and should not be considered investment advice. Please consult with a financial expert before making any investment decisions.
