Morgan Stanley, Goldman Sachs, Macquarie, Jefferies, and HDFC Securities have issued stock recommendations. Morgan Stanley is overweight on Reliance Industries, Goldman Sachs is buying Indigo, Macquarie recommends Asian Paints, Jefferies is buying Cummins India, and HDFC Securities rates Heidelberg Cement India as reduce.
Stock market recommendations: NLC India, and Sammaan Capital have been chosen by Bajaj Broking Research as the top stocks to buy on May 8, 2026, with a 1-month target horizon.
Morgan Stanley maintained overweight on Bajaj Finance (target Rs 1,120) with Q4FY26 adjusted PBT up 26% YoY; Jefferies set buy on Navin Fluorine (target Rs 8,385) citing 19% EBITDA and 30% PAT growth; HSBC upgraded IIFL Finance (target Rs 550) with 18% RoE; JP Morgan neutral on Federal Bank (target Rs 305) with 11% profit growth; Nomura buy on Waaree Engineering (target Rs 3,750) despite margin pressures.
Anand Rathi Shares analyst Mehul Kothari recommends three stocks with bullish technical setups: Jio Financial Services (buy ₹255-₹250, target ₹280) showing inverse Head & Shoulders reversal, Hindustan Zinc (buy ₹630-₹615, target ₹700) with breakout above ₹610 indicating trend continuation strength, and PVR INOX (buy ₹1020-₹1000, target ₹1180) forming base near 88.6% Fibonacci retracement. All recommendations include stop losses.
Mirae Asset ShareKhan's Head of Retail Research Somil Mehta recommends buying Lupin (buy Rs 2324-2325, SL Rs 2204, target Rs 2470), Jio Financial Services (buy Rs 253-254, SL Rs 243, target Rs 267), and Adani Ports and Special Economic Zone (buy Rs 1628-1629, SL Rs 1555, target Rs 1720) as of April 28, 2026. All three stocks show bullish technical patterns with momentum indicators supporting upward movement.
Mirae Asset ShareKhan's Somil Mehta recommends buying Grasim (Rs 2740-2760, SL Rs 2670, target Rs 2900), SBI (Rs 1100-1110, SL Rs 1040, target Rs 1230), and Navin Fluorine International (Rs 6440-6470, SL Rs 6200, target Rs 6900) as top stock picks for April 21, 2026.
Motilal Oswal Wealth Management Research Desk recommends MTAR Technologies (target Rs 6000, 24% upside) and Bharat Electronics (target Rs 520, 12% upside) for the trading week starting April 20, 2026. MTAR is positioned to benefit from expanded Oracle-Bloom Energy partnership with incremental orders of INR 14-17 billion, while Bharat Electronics has a robust ₹730b order book and expected revenue growth exceeding 15%.
