Shares of Bajaj Finance are likely to be on investors’ radar today following strong bullish sentiment from multiple brokerages.
- Citi maintained a Buy rating and raised the target price to ₹10,200 per share.
- BofA Securities also maintained a Buy and increased its target to ₹10,500.
- CLSA reiterated an Outperform rating and raised its target to ₹11,000, the highest among peers.
- Jefferies continued with a Buy call, maintaining a target price of ₹9,270.
United Spirits Ltd (USL) saw an upgrade from Citi, which shifted its rating to Buy and set a target price of ₹1,650 per share, citing improved business outlook and potential re-rating.
Waaree Energies made its way into the brokerage spotlight as Nuvama initiated coverage with a Buy rating and a target price of ₹2,805, driven by the company’s strong growth prospects in solar manufacturing.
Manappuram Finance also drew optimistic views from:
- CLSA, which reiterated Outperform and raised the target to ₹270.
- DAM Capital, maintaining Buy, revised its target to ₹255.
However, Morgan Stanley remained more cautious with an Equal weight rating and a lower target of ₹180.
On the broader market strategy, CLSA highlighted a significant technical signal, noting the 39th breadth thrust since 2002, historically followed by Nifty gains of 3.8%/7.8%/13.4% over 30/90/250 days. ICICI Bank was marked as a top pick under this backdrop.
In the IT sector, global peer Accenture’s results were widely analyzed:
- HSBC viewed the guidance as reflecting an unchanged demand environment, stating the Indian IT read-across is neutral to slightly positive.
- Nomura flagged rising caution, especially around US federal contracts, but maintained preference for Infosys and Coforge.
- Jefferies took a balanced view, calling revenue growth healthy and highlighting strength in BFSI and North America; it prefers Infosys, TCS, and Coforge.
Disclaimer: This article is for informational purposes only and is not a recommendation to buy or sell any stock. Please consult a certified financial advisor before making any investment decisions.
