Multiple brokerages have released fresh views on key Indian stocks following earnings announcements and sectoral developments. Stocks from the pharma, IT, telecom, industrials, and travel sectors will remain in focus today based on these reports.
Wipro share price under pressure as brokerages slash targets
Wipro shares are likely to react negatively after brokerages flagged macro concerns and weak FY26 guidance. Nomura maintained a Buy call but cut the target price to ₹280 per share, citing mixed Q4 results and demand slowdown. Morgan Stanley retained its Underweight rating with a revised target of ₹265 per share. The brokerage highlighted that IT services revenue declined 0.8% QoQ and that margin performance missed estimates. Bernstein remained the most bearish with an Underperform rating and a target of ₹200 per share, pointing to weak revenue guidance and global uncertainty weighing on IT spends.
Zydus Lifesciences, Lupin shares slide after court ruling; Nomura sees litigation risk
Zydus Lifesciences and Lupin shares corrected 7% and 4% respectively following a recent court decision that could impact earnings and potential payouts. Nomura noted that the legal outcome may affect near-term profitability but sees a strong possibility of generics prevailing eventually. However, a restraining order or injunction could drag FY26 earnings per share by 9.6% for Zydus and 6.7% for Lupin.
KEI Industries share upgraded; L&T share downgraded by Goldman Sachs
Goldman Sachs upgraded KEI Industries to Buy from Neutral and raised its target price to ₹2,980 per share, citing favorable margin trends and strong growth outlook. On the other hand, the brokerage downgraded L&T shares to Neutral with a target of ₹3,330 per share, highlighting risks from tariff uncertainty and possible delays in new capex cycles.
Bharti Airtel share top pick in telecom; Bernstein stays bullish
Bharti Airtel shares continue to outperform, gaining 10.1% year-to-date, and remain Bernstein’s top pick in the telecom sector. The brokerage said Indian telecom stocks have been the most defensive amid broader market volatility. Indus Towers shares have also gained 8.6% YTD. Bernstein expects a potential tariff hike to enhance revenue visibility and support valuations in the near term.
IndiGo, Indian Hotels shares get target hikes; SpiceJet share remains under pressure
HSBC remains bullish on the travel and hospitality segment, driven by strong trading conditions in Q4. The brokerage maintained a Buy call on InterGlobe Aviation (IndiGo), raising the target price to ₹5,975 per share, and on Indian Hotels, with the target lifted to ₹944 per share. However, HSBC retained a Reduce rating on SpiceJet shares with a target of ₹25.10 per share, citing continued operational uncertainty in the airline’s business.
Aditya Birla Fashion, Vedant Fashions shares see rating changes
Morgan Stanley upgraded Aditya Birla Fashion shares to Equal-weight from Underweight and set a target of ₹269 per share, while Vedant Fashions was downgraded to Equal-weight with a revised target of ₹850 per share. The brokerage prefers stocks with strong moats and backed disruptors such as Trent and Jubilant FoodWorks in the discretionary retail space.
Disclaimer: The above brokerage views are for informational purposes only and do not constitute investment advice. Please consult a certified financial advisor before making any investment decisions.
