Stock Recommendation and Analysis

Access comprehensive stock recommendations and expert perspectives in the Indian stock market. Discover today’s top stock picks, insights on stocks to buy or sell, stock advice, and expert opinions on the stock market.

Stocks In News

  • ₹789.5
  • ₹5.35
  • 0.68%

Godrej Agrovet has acquired an additional 49% stake in Godrej Tyson Foods Ltd. from Tyson India Holdings Ltd. After the acquisition, Godrej Agrovet’s stake in Godrej Tyson Foods has risen from 51% to 100%, according to an exchange filing.

Source: BSE AnnouncementAugust 28, 2024
  • ₹741.5
  • ₹-2.85
  • -0.38%

ICICI Prudential Life Insurance Company received a tax demand of Rs 429.05 crore from the Deputy Commissioner of State Tax, Maharashtra. The GST demand includes Rs 208.02 crore, Rs 200.22 crore in interest, and Rs 20.80 crore in penalties, said the company in an exchange filing. 

Source: BSE AnnouncementAugust 28, 2024
  • ₹2779.4
  • ₹12.95
  • 0.47%

Hindustan Unilever (HUL) has received a tax notice of Rs 962.75 crore, including an interest of Rs 329.33 crore for the Rs 3,045-crore acquisition of the India Health Food Drink (HFD) business from the GlaxoSmithKline (GSK) Group, the FMCG major said on Tuesday. 

Source: BSE AnnouncementAugust 28, 2024

Research Reports

  • JM Financial Services on Zomato after it acquired Paytm's ticketing business

    “We therefore believe Zomato’s acquisition of Paytm’s events ticketing business is a strategic fit,” said JM Financial in its research report.

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  • Emkay Globla on Mahanagar Gas (MGL) after an analysts meet

    Emkay Global has a “Buy” rating with an unchanged target price of Rs 1,680.

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  • Emkay Global on general elections 2024

    “We turn defensive on the markets after the adverse results in the general elections, with the BJP missing an absolute majority,” said Emkay.

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  • Elara Securities on Apollo Hospitals post Q4 results

    “We raise FY25E/26E core EPS by 1-5% and introduce FY27E estimates,” said Elara Securities. It raised the rating on the stock to “Accumulate” from “Reduce”.

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  • Prabhudas Lilladher on NMDC post Q4 FY24 results

    The brokerage firm has maintained its “Accumulate” rating on the stock but raised the price target to Rs 279 from Rs 253.

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  • Motilal Oswal on NMDC post Q4 FY24 results

    The brokerage house kept the rating unchanged to “Buy” with a revised target price of Rs 300.

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  • Motilal Oswal on LIC post Q4 results

    The brokerage house has maintained its “Buy” rating on the stock of LIC, with an unchanged target price of Rs 1,270. 

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  • JM Financial on LIC post Q4 results

    The brokerage house has maintained its “Buy” rating on the stocks, with an unchanged target price of Rs 1,222.

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  • Motilal Oswal on Colgate Palmolive

    The brokerage house has maintained its “Neutral” rating on the stock of Colgate Palmolive, with an unchanged target price of Rs 2,500.

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  • Motilal Oswal on Titan Company

    The brokerage will monitor the near-term consumption trend. However, due to competitive pressure on margins, Motilal has cut its EPS estimates by 6% and 5% for FY25 and FY26, respectively.

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  • JM Financials on Avenue Supermarts (D-Mart)

    We continue to like DMart – businesses with such long growth runways are rare, any weakness in the name should be looked as an opportunity to add the stock.

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  • JM Financial on Coforge

    JM Financial has maintained a “Buy” rating on the stock of Coforge, with a cut in target price at Rs 5,570 from Rs 6,940.

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  • Prabhudas Lilladher on Dabur India

    Prabhudas has raised the target price marginally on Dabur India to Rs 563 from Rs 535, earlier. It has maintained its “Accumulate” rating on the stock.

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  • JM Financials on Havells India

    JM Financial has raise the target price on Havells India.

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  • Motilal Oswal on Tata Chemicals, Trent, Ultratech Cement

    Motilal Oswal’s report indicates that they are broadly maintaining their FY25/FY26 EBITDA estimates for Tata Steel. The brokerage reiterates its Neutral rating on the stock and assigns a Sum-of-the-Parts (SoTP)-based target price of Rs 980.

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  • Prabhudas Lilladher has maintained a "Buy" with a target price Rs 7,050

    Hence our core net profit for FY25/26E is raised by 4.5%. Likely RoA/RoE for FY26E at 2.1%/17.2% remains one of the best-in-class. Maintaining multiple at 3.0x, we raise the based target price to Rs 1,450 from Rs 1,300 as we roll forward to Mar’26 core ABV.

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  • Nuvama has retained "Hold" rating on Indian Hotels

    Given sustained business traction, we build in 9% RevPar growth for FY25 (6% earlier), which drives up FY25E EBITDA by 7%. This along with a change in our CoE assumption yields a revised DCF-based target price of Rs 578 (earlier Rs 476)

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  • Nuvama has cut the price taget on HUL at Rs 2,885, with a "Buy" rating

    Watch out for a gradual rural recovery and a likely good monsoon. We are cutting FY25E/26E EPS by 7%/5.5%, yielding a revised target price of Rs 2,885 (earlier Rs 3,105).

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  • Antique Broking maintained the “Buy” rating with a revised target price of Rs 3,227

    The price target was raised on account of higher earnings and also as it attribute a higher multiple to the telecom business due to several tailwinds in the sector.

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  • Centrum Broking has kept the “Buy” rating unchanged with a revised target price of Rs 3,481

    Centrum Broking slashed the FY25 earnings estimates by 3.1% due to pressure on petchem.

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  • Motilal Oswal iterates "Buy" rating on the stock of Reliance Industries

    It said that the company might see some pressure in oil to chemicals earnings in the first quarter of FY25 as volume is expected to be muted sequentially.

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  • CLSA has “Sell” rating on Wipro ahead of Q4 results

    The broking firm CLSA on Wipro has a target price of Rs 445 after its CEO Thierry Delaporte tendered his resignation on April 06. Wipro announced Srini Pallai as the new CEO.

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  • InCred Equities maintained its rating of “Hold” on the stock with a target price of Rs 4,039 per piece.

    “Better order book conversion & faster BSNL deal ramp-up are upside risks while higher project cancellations is a downside risk,” said InCred in its research report.

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  • It has a target price of Rs 4,360 on the stock of IT major, with an “Accumulate” rating.

    It believes that the company’s revenues will grow by 8.1% and earnings by 11.5% over FY24-26.

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  • The brokerage house has maitained the target price unchanged at Rs 4,600, with iterating a “Buy” rating.

    TCS is positioned well to take a hit of a weakening macro environment and ride on the anticipated industry growth due to its size, big order book, and exposure to long-duration orders and portfolios. 

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  • Motilal Oswal has maintained a ‘Neutral’ rating on the stock of Bandhan Bank

    It also kept the target price unchanged at Rs 190 a piece. The brokerage house iterated its rating and price target after the bank’s managing director and chief executive officer, Chandra Shekhar Ghosh, announced retirement upon completion of his tenure on July 09. 

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  • Equirus Securities said it sees limited downside given the current valuations

    We remain watchful of the developments at Bandhan and put the stock under review

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  • InCred Equities cuts Coforge target price by 9% on raising funds via QIP

    The brokerage house has kept the rating unchanged to “Hold” on Coforge. The brokerage gave the rationale that diluting equity to raise funds could outweigh the company’s gains from acquisitions.

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  • Anitque stay posiitve on OMCs despite cut in petrol and diesel prices

    “we don’t expect the margin hit to be permanent and believe retail price revisions will resume post the elections as has been observed over the years,” Anitque said.

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  • ICICI Securities has raised target price on Hindustan Petroleum to Rs 625 from Rs 555, while maintaining the rating

    According to ICICI Securities, the company’s valuations are still at attractive levels and do not fully reflect the structural changes in scale and earnings profile of the company over the next three years. 

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  • Incred Equities has an “Add” rating on the stock of Bajaj Finance

    The company’s aggressive customer acquisition and diversification by foraying into new business segments are unique features of the company.

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  • JM Financial has maintained the “Buy” rating on the stock

    JM Financial believes that despite credit costs getting marginally higher for the third quarter Bajaj Finance “remains the best play on diversified consumption opportunity.” 

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  • Motilal Oswal has maintained the “Buy” rating on the stock of Bajaj Finance

    Motilal has compressed the net interest margin (NIM) by 20 basis points for FY25.

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  • Jefferies has kept the rating unchained to “Buy” on Bajaj Finance.

    The broking firm Jefferies has cut the target price marginally on the stock of Bajaj Finance to Rs 9,400 from Rs 9,470

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  • Jefferies maintains a positive stance on Marico, retaining its “BUY” recommendation.

    Jefferies has slightly lowered the target price to Rs650 from Rs660.

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  • Jefferies raises IOC target price to Rs135 but maintains “Hold” rating

    Jefferies also raised the net profit estimates for FY24 to 26%, without tweaking the FY25-26 estimates.

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  • InCred Equities has raised the target price on Bajaj Auto’s stock to Rs 8,090

    InCred Equities has kept the rating unchanged to “Add”

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  • JM Financial has maintained a “Buy” rating on Bajaj Auto

    JM Financial has a target price of Rs 7,700 on Bajaj Auto.

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  • Motilal Oswal has “Neutral” rating on Bajaj Auto

    Motilal Oswal has maintained its estimates for FY24 -25.

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  • Jefferies raised target price on Bajaj Auto to Rs 9,000

    The brokerage house is positive about the company as it believes Indian two-wheelers are about to see a strong cyclic recovery. 

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  • Jefferies raises target price on Hero MotoCorp; maintains “Buy” rating on stock

    Jefferies said any potential success of premium bikes and electronic vehicles can work as a growth catalyst. 

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  • JM Financial has kept the rating unchanged to “Buy” and kept the target price at Rs 1,330.

    JM believes the bank to deliver loan growth at 16% and deposit growth at 14% over FY23-26

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  • Religare broking has a “Buy” rating on the stock

    Religare has a target price of Rs 1,275 on the stock of the company. 

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  • Prabhudas Lilladher maintains “Buy” rating on AXis Bank and also kept the target price unchanged at Rs1,089.

     Prabhudas cut the loan growth estimates by 1% over FY24-26 to 14%. 

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  •  Jefferies has a “Buy” rating on the stock, with a 28% upside target price of Rs 1,380.

    Jefferies said that the bank’s result came below their estimates but remains their top pick

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  • Motilal Oswal slashed the rating to “Neutral” on Axis Bank, with a target price of Rs 1,175

    Motilal Oswal has cut the earnings per share estimates for FY25 by 8%

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  • CLSA maintains ‘Buy’ on HDFC Bank with target of Rs 1,536.90

    CLSA’s analysis delves into the nuanced discussion surrounding the equilibrium between deposit growth and Net Interest Margin (NIM).

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  • StoxBox on HDFC Bank

    StoxBox remains optimistic about the bank’s strategy for modest growth in this segment.

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  • Motilal Oswal on HDFC Bank

    Motilal Oswal has reiterated a ‘Buy’ rating for HDFC Bank stock, maintaining a target price of ₹1,950. 

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  • InCred on HDFC Bank

    InCred has recommended an ‘Add’ rating for HDFC Bank, setting a target of Rs 2,000 per share. 

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  • JM Financials on HDFC Bank

    JM Financial maintains a “BUY” recommendation for HDFC Bank with a target price of Rs 2010, valuing the core bank at 2.4 times the FY26E Price to Book Value (P/BV), while subsidiaries are assessed at INR 210.

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  • Jefferies on HDFC Bank

    Jefferies maintains a “Buy” stance, analysts have adjusted the target for HDFC Bank to Rs 2000 from Rs 2100, citing a slower improvement in Net Interest Margins (NIMs) as a primary factor.

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  • Jefferies raises target price to Rs 1,070 on Newgen; sees growth momentum to sustain

    Jefferies expects the company to deliver 26% earnings per share on a compounded annual growth rate over FY 25 – FY26.

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  • Jefferies says Jio Financial Services taking balanced approach

    The brokerage house also believes that the initial concerns about Jio Financial increasing competitiveness have “limited risk for BAF (Bajaj Finance) and banks.”

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  • Jefferies forecasts robust growth in India’s midcap stocks, Top picks include Amber, Dixon, Pidilite Industries

    Jefferies predicts that the topline growth in Q3FY24 will be predominantly volume-driven, with a particular emphasis on companies in the Cables & Wires sector, including POLYCAB and Finolex Cables.

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  • Jefferies maintains ‘Buy’ on HDFC, sees 24% upside despite lower pre-quarter retail net inflow and overall inflow : 9th Jan

    Jefferies maintained a ‘Buy’ rating on the stock of HDFC Bank with a 24% upside target price of Rs2,100 despite the bank’s pre-quarter lower retail net inflow and overall inflow in the 3QFY24. 

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  • Motilal Oswal Top Picks in 2024 – SBI, ONGC, Sunteck Realty, Coal India Dalmia Bharat : 2nd Jan

    The brokerage firm foresees continued outperformance in the Indian market throughout 2024, propelled by strong macro and micro fundamentals. Motilal Oswal identifies State Bank Of India (SBI), Hero MotoCorp, Dalmia Bharat, Coal India, Kajaria Ceramics, and several other stocks as their top choices for the year 2024.

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  • Motilal Oswal on Siemens providing a buy rating with a target price of Rs 4,600: 27th Dec

    Siemens is positive about growth prospects in the domestic market for both government and private capital expenditures. The company is also optimistic about emerging opportunities in new areas such as semiconductors, batteries, and electric vehicles (EVs). Siemens anticipates strong long-term prospects for order inflows, particularly in transmission, railways, data centers, and industrial automation.

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  • Jefferies Report on Siemens: 27th Dec

    Jefferies has revised its target price for the company to Rs 5,000 per share, up from the previous target of Rs 4,520. This adjustment suggests a potential upside of 28% from its current market price (CMP) of Rs 3,898.6. The brokerage house says, “We consider Siemens a strong investment in power transmission and railways, areas where our optimism for capital expenditure is highest.” Siemens Energy contributed 31 percent to the overall revenue, and the energy segment’s market is anticipated to receive a surge from capital expenditures in transmission, as well as High Voltage Direct Current (HVDC) projects.

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  • Jefferies Report stating that best India portfolio stock skyrockets by 309%, worst China stock plunges 55% : 14th Dec

    As of year-to-date, Jefferies’ long-only India portfolio has demonstrated robust growth, soaring by an impressive 41.2% in dollar terms on a total-return basis.

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  • Kotak Securities sees Nifty at 21,834 by next year, recommends to add mega-cap during dips : 19th Dec

    Kotak Securities emphasized the confidence demonstrated by foreign portfolio investors (FPIs) in the Indian capital market, injecting approximately  1.14 trillion into equities year-to-date (YTD). Simultaneously, the retail category, primarily through systematic investment plans (SIPs), invested 1.07 trillion in the first seven months of the financial year 2023-24.

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  • Jefferies report unveils potential disruptions in insurance sector: 15th Dec

    According to Jefferies analysis, the proposed threshold premium concept is currently in the consultation stage, with final terms to be determined through ongoing deliberations.One key implication highlighted by Jefferies is the possibility of increased surrender values, which could have a cascading effect on fees for insurers.

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  • Jefferies maintains ‘Buy’ rating on PI Industries: 15th Dec

    PI Industries, an innovator in the agrochemical sector, has signaled a commitment to volume-driven growth in its key product for the fiscal year 2024. Cut Targets to Rs 4120

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  • Jefferies maintains ‘Buy’ rating on Infosys: 13th Dec

    Jefferies has maintained a bullish view on Infosys, one of India’s leading IT services company, maintaining a ‘Buy’ rating with an 11% upside and a target price of Rs 1,650 per share.

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  • Jefferies Maintains ‘Buy’ recommendation on ITC: 13th Dec

    Jefferies has reaffirmed its positive stance on ITC, maintaining a ‘Buy’ rating with the potential upside of 17%, setting a target price of Rs 530 per share, emphasizing the company’s potential for growth in the future.

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  • Jefferies Report on Hindustan Unilever

    Jeffries sees 6% upside potential in Hindustan Unilever and assigned Hold rating with an upside target of Rs 2,720.

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  • Jefferies Report on SIP

    Jefferies says signs of lumpsum flows moderating shows investors maturity. According to the report, SIPs continued their upward trajectory with a notable 28% year-on-year growth and a steady 1% month-on-month increase.

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  • Jefferies Report on Coforge

    Jefferies has maintained a ‘buy’ rating for Coforge, with a revised target price of Rs 6,580 from the earlier Rs 5,250, indicating an impressive upside of 14%.

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