Brokerage Calls

Rural Electrification Corporation (REC) [RECLTD] saw its shares fall over 4% after reporting a 22% drop in Q4 net profit, yet Motilal Oswal maintains a 'Buy' rating, citing robust valuations and stable spreads.

Emmvee Photovoltaic [EMMVEE] shares experienced a significant uptick following its impressive Q4 FY26 financial results, which saw revenue and profit surge. Brokerage firm Jefferies has reaffirmed its 'Buy' rating for the stock, setting a target price of ₹350, citing strong growth visibility.

Maruti Suzuki India [MARUTI] shares rallied significantly after reporting robust Q4 revenue and record sales. While profit dipped, analysts from Jefferies, Goldman Sachs, and HSBC hold diverse views on the auto major's future trajectory.

Leading brokerage firms are signaling optimism for a select group of Indian equities, with Varun Beverages [VBL] and Sun Pharmaceutical Industries [SUNPHARMA] highlighted for their potential to deliver 10-20% returns by 2026.

Global brokerage HSBC has initiated 'Buy' coverage on JSW Steel and Jindal Stainless, while reiterating its 'Buy' call on Tata Steel, citing a multi-year demand upcycle for the Indian steel sector driven by infrastructure and urbanization.

Global financial giant HSBC has upgraded its stance on US equities to 'overweight' from 'neutral,' driven by strong corporate earnings and an improving geopolitical landscape. Concurrently, the firm has downgraded European markets outside the UK.

As the Nifty 50 remains range-bound, market analysts are highlighting specific stocks like Piramal Enterprises and JBM Auto that show strong technical setups, predicting potential gains of up to 20%.

Global supply disruptions are pushing aluminium prices higher, despite high volatility. Religare suggests a 'buy on dips' strategy for the commodity, citing strong underlying fundamentals.

HSBC reiterates a 'Buy' rating on Zomato [ZOMATO], citing strong long-term value despite acknowledging an uneven growth path and intense competition challenges for its quick commerce unit, Blinkit.

Global bank HSBC has tactically reduced its India equity exposure in favour of South Korea, citing stronger short-term earnings growth in the latter, while maintaining a firm long-term conviction in India's market potential.

JM Financial analysts believe Noida International Airport will not significantly impact GMR Airports' Delhi operations, forecasting only a minor domestic passenger shift while international traffic and high-yield revenues remain strong.

Shares of Varun Beverages [VBL] have seen a significant jump following strong recent quarterly results, prompting leading brokerages like Jefferies and Motilal Oswal to maintain a bullish outlook.

Shares of Sun Pharmaceutical Industries [SUNPHARMA] rallied significantly following the announcement of its $11.75 billion acquisition of Organon & Co., a deal that has drawn varied expert opinions.

Bajaj Housing Finance, a key subsidiary of Bajaj Finance [BAJFINANCE], reported robust Q4 profit growth and strong asset quality, prompting leading brokerages like Morgan Stanley to raise their price targets for the group. This positive outlook comes despite increasing competition in the home loan market.

HDFC Securities outlines its strategy for Indian equities, favoring infrastructure-led sectors like power and energy, alongside financials, while maintaining an underweight stance on the IT sector due to earnings uncertainty.

Coal India [COALINDIA] reported a stable Q4 performance with a 12% PAT rise, but analysts like Jefferies and Motilal Oswal say 'Buy' while Morgan Stanley and HSBC recommend 'Hold'.

Despite a recent dip, global financial powerhouses like Goldman Sachs, CLSA, and Morgan Stanley are maintaining a strong positive outlook on Reliance Industries [RELIANCE], predicting significant upside driven by key strategic advantages.

UltraTech Cement [ULTRACEMCO] recorded a substantial 20% profit jump in its March quarter, yet its shares saw a slight decline. Despite this market reaction, leading brokerages like Goldman Sachs, Citi, and Nomura have maintained their 'BUY' ratings, citing robust growth drivers.

Grasim Industries [GRASIM] has reported substantial monthly growth, drawing attention from financial institutions like UBS, which has noted the company's strong performance indicators.

Leading market analysts and top brokerage firms have identified a selection of Indian equities with robust long-term growth potential, specifically recommending Reliance Industries [RELIANCE] and Axis Bank [AXISBANK] as 'Buy' calls for targets extending to 2026.