Brokerages Issue Fresh Recommendations on Top Stocks Across Sectors

The Indian stock market experienced a muted end to the week, with the Nifty closing below the 25,500 mark. Amidst varied corporate earnings, major brokerages have updated their outlooks on key stocks. This analysis highlights recommendations from firms like Goldman Sachs, Nomura, Nuvama, Axis Securities, Jefferies, and Motilal Oswal on ten selected stocks across banking, finance, auto, and consumer sectors, based on market capitalization and impact.

Brokerage Highlights:

* **Mahindra & Mahindra**: Nuvama and Nomura maintain 'Buy' ratings. Nuvama set a target of Rs 4,200, expecting 15% CAGR auto revenue growth (FY25-FY28) driven by new launches and SUV demand. Nomura has a higher target of Rs 4,355, anticipating Mahindra's SUV growth to outperform the industry. * **Titan Company**: Goldman Sachs reiterates 'Buy' with a Rs 4,350 target (14% upside), citing continued momentum in wedding and studded-jewellery sales and retail network expansion. * **Bajaj Finance**: Axis Securities reaffirms 'Overweight' with a Rs 1,160 target (11% upside), expecting stable funding costs and margins. * **Reliance Industries**: Goldman Sachs reiterates 'Buy' at Rs 1,795 target (12% upside), seeing broad-based growth across energy, retail, and telecom. * **State Bank of India**: Motilal Oswal, Axis Securities, and Anand Rathi issue 'Buy' calls with targets ranging from Rs 1,075 to Rs 1,135, noting improved asset quality and strong NII. * **Shriram Finance**: Axis Securities ('Overweight', Rs 860 target) and Jefferies (Rs 880 target) maintain bullish stances, citing diversified assets and strong margins. * **Tata Consumer Products**: Motilal Oswal maintains 'Buy' at Rs 1,450 target (21% upside), expecting improved profitability and growth from its new-age portfolio. * **Adani Ports and SEZ**: Nuvama maintains 'Buy' at Rs 1,900 target (31.5% upside), citing strong cash flow and positioning for India's trade growth. * **HDFC Bank**: Axis Securities maintains 'Overweight' with a Rs 1,170 target (19% upside), expecting margin improvement and stable asset quality. * **Waaree Renewable Technologies Ltd**: Motilal Oswal initiates coverage with 'Buy' at Rs 4,000 target (19% upside), seeing strong potential in the renewable energy sector.

Impact: These detailed reports and target prices from influential brokerages provide investors with actionable insights, helping them make informed decisions about specific stocks and sectors. The consensus 'Buy' ratings and positive outlooks can drive investor sentiment and potentially lead to stock price appreciation. Rating: 8/10.

Difficult Terms:

* **Brokerage**: A firm that buys and sells stocks, bonds, and other securities on behalf of clients. * **Target Price**: The price at which an analyst or brokerage expects a stock to trade within a specific timeframe. * **CAGR (Compound Annual Growth Rate)**: The mean annual growth rate of an investment over a specified period of years, longer than one year. * **SUVs (Sport Utility Vehicles)**: A type of passenger car that combines aspects of road-going passenger cars with features from off-road vehicles. * **Premiumization**: The strategy of marketing products or services as premium quality, luxurious, or exclusive to command higher prices. * **ARPU (Average Revenue Per User)**: A metric used in the telecommunications industry to measure the revenue generated per user. * **Asset Quality**: Refers to the creditworthiness of a bank's loan portfolio, indicating the likelihood of borrowers repaying their loans. * **Slippages**: In banking, these are loans that were previously standard but have become non-performing assets (NPAs). * **Credit Costs**: The expenses a lender incurs due to borrowers defaulting on their loans. * **Net Interest Income (NII)**: The difference between the interest income a bank earns from its lending activities and the interest it pays out to depositors. * **Loan Growth**: The rate at which a bank's total outstanding loans increase over a period. * **Underwriting**: The process by which a company or financial institution assesses and assumes the risk of another party for a fee. * **Margins**: The difference between revenue and cost, often expressed as a percentage (e.g., profit margin, net interest margin). * **FY (Fiscal Year)**: A 12-month period for which a company or government prepares its financial statements. * **SEBI (Securities and Exchange Board of India)**: The regulatory body for securities and commodity markets in India. * **BSE (Bombay Stock Exchange)**: One of the oldest stock exchanges in Asia. * **NSE (National Stock Exchange)**: India's largest stock exchange.