Several brokerage firms have issued their latest stock recommendations, identifying buying opportunities in automobiles, infrastructure, and consumer sectors. Based on these reports, the following stocks have received a ‘Buy’ rating from analysts:
Stocks to buy as per brokerage reports
- Tata Motors: CLSA has upgraded to Outperform, with a target price of ₹930 per share, citing strong growth in passenger vehicles and EV adoption.
- TVS Motors: Macquarie maintains an Outperform rating, setting a target price of ₹2,904 per share, highlighting robust domestic demand and a well-diversified export market.
- Polycab: Goldman Sachs (GS) maintains a Buy rating, with a target price of ₹6,510 per share, driven by rising demand in the wire and cable industry.
- Maruti Suzuki: HSBC reiterates a Buy rating, setting a target price of ₹14,000 per share, as India emerges as a potential EV export hub for Suzuki and Toyota.
- KEI Industries: GS retains a Buy rating, with a target price of ₹3,780 per share, expecting steady revenue growth and margin expansion.
- Macrotech Developers (Lodha): Jefferies has upgraded to Buy, with a target price of ₹1,600 per share, citing strong real estate sales and urban housing demand.
- Godrej Consumer Products: CLSA has upgraded to Hold, with a target price of ₹1,015 per share, expecting gradual recovery in demand for FMCG products.
These recommendations are based on brokerage reports and do not constitute investment advice from Business Upturn. Investors should evaluate market conditions, conduct their own research, and consult financial advisors before making any investment decisions.
Disclaimer: The information provided is sourced from brokerage reports and is intended for informational purposes only. Business Upturn does not provide any investment advice and does not hold any liability for profit or loss incurred by investors. Stock market investments are subject to risks, and readers are advised to exercise due diligence before trading.
