Whalesbook
Major brokerages are actively reviewing Indian stocks, issuing new ratings and adjusting price targets for several companies. Firms like Morgan Stanley, Goldman Sachs, Emkay Global Financial Services, and Motilal Oswal Financial Services have made notable calls on stocks including Apollo Hospitals Enterprise, Page Industries, Metro Brands, and ITC.
Key Brokerage Actions
Apollo Hospitals Enterprise received positive attention from Morgan Stanley, which maintained an 'Overweight' rating and increased its price target to ₹9,397 from ₹8,833. Goldman Sachs reiterated a 'Buy' recommendation with a target of ₹8,850, up from ₹8,350.
Nykaa's stock saw Morgan Stanley reaffirm an 'Overweight' rating with a target of ₹286. Elara Capital also maintained an 'Accumulate' rating, raising its target to ₹300 from ₹270.
Page Industries is another stock drawing significant attention. Morgan Stanley kept its 'Overweight' rating and raised the target to ₹42,636 from ₹41,561. Emkay Global Financial Services upgraded its rating to 'Add' from 'Reduce', substantially increasing its target price to ₹44,700 from ₹33,750.
ITC's outlook shows a divided view. Morgan Stanley maintained an 'Equal-weight' rating with a target of ₹346, while Goldman Sachs reiterated a 'Neutral' stance and set a target of ₹330.
Other Notable Updates
Maruti Suzuki India earned an 'Overweight' rating from Morgan Stanley, with a target price of ₹17,895.
JSW Cement received a 'Neutral' rating from Goldman Sachs at ₹127, a slight increase from ₹119. Emkay Global Financial Services, however, kept a 'Reduce' rating with a target of ₹125, up from ₹115 previously.
Life Insurance Corporation of India (LIC) was assigned a 'Buy' rating by Emkay Global Financial Services with a target of ₹1,100, an increase from ₹1,000. Goldman Sachs maintained a 'Neutral' rating at ₹900.
Metro Brands experienced multiple adjustments. Emkay Global maintained a 'Buy' rating at ₹1,250 (from ₹1,175), and Goldman Sachs reiterated 'Buy' at ₹1,310 (from ₹1,290). Nuvama Institutional Equities holds a 'Hold' rating with a target of ₹1,234 (vs ₹1,150).
Titan Company was named a 'Top Pick' by Morgan Stanley, retaining an 'Overweight' rating and a target of ₹5,182, a marginal decrease from ₹5,212.
Fine Organic Industries is rated 'Sell' by Motilal Oswal Financial Services, with a target of ₹3,980, an increase from ₹3,580.
JK Lakshmi Cement received a 'Buy' rating from Motilal Oswal Financial Services at ₹720.