Leading global brokerages have released updated views on several major Indian stocks, adjusting ratings and target prices based on recent developments and performance trends. Here’s a round-up of the latest stock calls:
Uno Minda
CLSA has initiated coverage on Uno Minda with a target price of ₹1,304 per share.
Torrent Pharmaceuticals
HSBC has maintained a Buy rating on Torrent Pharma with a target of ₹3,775 per share.
Jefferies noted the recent acquisition by the company has added to its India portfolio.
Nomura maintained a Neutral rating with a target of ₹3,580 per share.
RBL Bank
Citi has reiterated its Buy rating on RBL Bank and raised the target price to ₹285 per share.
SBFC Finance
Investec initiated coverage on SBFC Finance with a Buy rating and a target price of ₹135 per share.
Gas Utilities
Citi noted IGL and GSPL as potential key beneficiaries in the sector, with GAIL also expected to benefit under current conditions.
Oil Marketing Companies (OMCs)
J.P. Morgan stated that the decline in crude oil prices has improved margin outlooks for oil marketing companies. BPCL, IOCL, and HPCL are noted in order of preference.
Reliance Industries
J.P. Morgan expects improved earnings growth for Reliance Industries, citing contributions from its consumer-focused segments. The stock is viewed to have modest valuations relative to peers in telecom and retail.
Metals and Mining
J.P. Morgan reviewed Indian metal stocks, which have seen volatility over the past six months. Tata Steel, Hindalco, and JSW Steel are listed as preferred picks, while NMDC and Coal India are less favored in this space.
Power Sector
Jefferies commented that recent tariff adjustments in Maharashtra are unlikely to cause significant impact to power companies.
Disclaimer: The views and recommendations expressed above are those of the respective brokerage firms. They do not represent the views of this publication and are not investment advice. Investors are advised to consult with certified financial advisors before making any investment decisions.
