Shares of several companies including Trent, HDFC AMC, Five Star Finance, HAL, L&T, Ashok Leyland, and Wipro are likely to be in focus today as top brokerages have issued fresh ratings and target price updates.
Macquarie has initiated coverage on Trent Ltd with an ‘Outperform’ rating and a target price of ₹7,000, implying a potential upside of nearly 32% from its current market price of ₹5,308. The brokerage lauded Trent’s leadership in the value to mid-premium fashion retail segment and said it outperforms Asian peers in terms of growth, returns, and inventory metrics. It also sees the company benefiting from rising discretionary fashion spending in India.
In the financial services space, Motilal Oswal remains upbeat on HDFC AMC, maintaining a ‘Buy’ rating with a target price of ₹4,800 (18% upside from CMP ₹4,066). The brokerage expects strong equity AUM growth of 55% in FY25, though it warned that FY26 may start on a softer note, with a slight decline in yields due to revised commission structures.
Five Star Finance also received a ‘Buy’ call from Motilal Oswal with a target of ₹900, about 28% above its current level of ₹701. The firm noted that a 200bps drop in lending yields since November 2024 may compress net interest margins (NIMs) in the near term, particularly in Q4, but expects the company to recover with stable growth ahead.
In the defence sector, JP Morgan reaffirmed its ‘Overweight’ rating on HAL with a target price of ₹4,958 (upside of 20%). The brokerage highlighted that GE Aerospace has begun delivering F404-IN20 engines for the LCA Mk1A fighter jets—a key overhang for the stock. HAL continues to enjoy a monopoly in defence production and a large order pipeline.
Ashok Leyland drew mixed reactions. Morgan Stanley maintained an ‘Overweight’ rating with a target of ₹284, noting that the company’s decision to shut down its UK EV unit and focus on Indian operations would reduce cash burn and improve scale. However, Jefferies remained cautious, retaining a ‘Hold’ rating with a target of ₹215, close to the current market price of ₹214.40.
In the capital goods space, CLSA maintained an ‘Outperform’ rating on L&T, raising its profile after the company bagged its largest-ever EPC order worth over $4 billion from QatarEnergy LNG. The brokerage set a target price of ₹4,151, indicating a 20% upside from its CMP of ₹3,451.
Meanwhile, Wipro announced a major $650 million strategic deal. While Morgan Stanley believes the deal could boost near-term sentiment and support growth in FY26, it retained its ‘Underweight’ stance with a target price of ₹265, marginally below the current level of ₹267.20, citing continued macro and execution risks.
Overall, today’s trade is likely to see investor attention focused on these names amid a flurry of institutional commentary and sector developments.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Please consult your financial advisor before making any investment decisions.
