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.
Brokerages like Morgan Stanley, Goldman Sachs, Macquarie, Jefferies, and HDFC Securities have issued ratings and price targets for several Indian companies, including Reliance Industries, Indigo, Asian Paints, Cummins India, and Heidelberg Cement India, citing various performance metrics and future outlooks.
Jefferies raised Bharti Airtel's target price to Rs 2,350, citing strong Q4FY26 results. JP Morgan upgraded Cipla to overweight with a Rs 1,550 target, driven by US launch visibility. Morgan Stanley maintained an underweight rating on Dixon Technologies. HDFC Securities upgraded Hyundai Motor India to add, and Nomura has a buy rating on Crompton Greaves Consumer Electricals.
HDFC Securities analyst Vinay Rajani reports that the Nifty index is showing resilience after a healthy correction. He highlights strong broader market participation and recommends Oil India and Reliance Industries for traders.
HDFC Securities identifies power and energy as top overweight sectors in its model portfolio, citing India's infrastructure buildout and rising electricity demand. The brokerage remains overweight on BFSI, favoring large banks like ICICI Bank, Kotak Mahindra Bank, SBI, and Axis Bank, along with NBFCs including M&M Finance and PNB Housing Finance. IT sector remains underweight due to disappointing quarterly results and uncertain earnings trajectory. Sun Pharma and Varun Beverages are highlighted positively for their growth strategies.
