Brokerage firms have released their latest stock recommendations, highlighting key stocks and sectors to watch. Here are the top picks:
Stocks with positive outlook
- Tata Motors: CLSA has upgraded to Outperform, setting a target price of ₹930 per share.
- TVS Motors: Macquarie maintains an Outperform rating, with a target price of ₹2,904 per share.
- Polycab: Goldman Sachs (GS) maintains a Buy rating, with a target price of ₹6,510 per share.
- Maruti Suzuki: HSBC maintains a Buy rating, with a target price of ₹14,000 per share.
- KEI Industries: GS retains its Buy rating, with a target price of ₹3,780 per share.
- Macrotech Developers: Jefferies has upgraded to Buy, setting a target price of ₹1,600 per share.
- Godrej Consumer Products: CLSA has upgraded to Hold, with a target price of ₹1,015 per share.
- Consumption Sector: CLSA’s top long ideas include Zomato, Swiggy, Varun Beverages (VBL), Titan, ITC, and DMart.
- Auto Sector: Jefferies prefers TVS Motors and Eicher Motors for two-wheeler investments.
- Wire & Cables Sector: GS sees strong growth drivers and better risk-reward in the sector, calling the recent correction an entry opportunity.
- Auto Exports: Macquarie highlights that India’s two-wheeler exports are geographically well-diversified, with LATAM and Africa accounting for 70% of FY24 exports.
Neutral outlook
- Consumption Sector: Investec expects urban slowdown to persist until Q1FY26, with revival from Q2FY26 due to potential tax cuts in the Union Budget and RBI rate cuts.
- Chemicals Sector: Citi warns of a possible EBITDA impact from reciprocal tariffs imposed by the US, estimating the impact at 12% for PI Industries, 5% for Navin Fluorine, and 4% for SRF.
- Gas Sector: CLSA expects spot LNG prices to rise 21% in the next six months.
- Hindalco: JP Morgan maintains Overweight, with a target price of ₹670 per share.
- Colgate-Palmolive: CLSA maintains Hold, with a target price of ₹2,559 per share.
- ABB: Nuvama maintains Buy, but cuts the target price to ₹6,650 per share.
Stocks with negative outlook
- ABB: Nomura downgrades to Reduce, setting a target price of ₹4,970 per share.
With a mix of upgrades, sectoral insights, and caution on select stocks, investors will be watching these recommendations closely for market trends.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Business Upturn or the author is not liable for any losses arising from the use of this information.
