Indian Stocks See Target Changes: BEL, Lenskart Upgraded, Jubilant FoodWorks Lowered

BROKERAGE-REPORTS
Whalesbook Logo
AuthorRiya Kapoor|Published at:
Indian Stocks See Target Changes: BEL, Lenskart Upgraded, Jubilant FoodWorks Lowered
Overview

Major brokerages have adjusted price targets for several Indian stocks. Ratings range from 'Buy' for Bharat Electronics and Lenskart to 'Neutral' for Jubilant FoodWorks, reflecting varied analyst outlooks on these companies.

Instant Stock Alerts on WhatsApp

Used by 10,000+ active investors

1

Add Stocks

Select the stocks you want to track in real time.

2

Get Alerts on WhatsApp

Receive instant updates directly to WhatsApp.

  • ✓Quarterly Results
  • ✓Concall Announcements
  • ✓New Orders & Big Deals
  • ✓Capex Announcements
  • ✓Bulk Deals
  • ✦And much more
Add StocksGet it on Google PlayDownload on the App Store

Indian equities experienced numerous target price adjustments from leading brokerages on Thursday. Morgan Stanley, Goldman Sachs, Motilal Oswal Financial Services, and Emkay Global Financial Services updated their recommendations and price targets for a variety of companies.

Brokerage Actions and Target Revisions

Morgan Stanley maintained an 'Overweight' rating on Aditya Birla Capital with a target of Rs 408, and on PI Industries at Rs 3,883. The firm also kept 'Overweight' for Apollo Hospitals Enterprise at Rs 8,833 and Samvardhana Motherson International at Rs 150, slightly raising the latter's target from Rs 144. For Grasim Industries, Morgan Stanley kept an 'Overweight' stance with a target of Rs 3,900, up from Rs 3,865. Mankind Pharma also received an 'Overweight' rating and a raised target of Rs 2,735 from Rs 2,500.

Goldman Sachs initiated 'Buy' ratings for Bharat Electronics with a target of Rs 475, and for Lenskart at Rs 625. However, the firm assigned a 'Neutral' rating to Jubilant FoodWorks, reducing its target to Rs 460 from Rs 480. CE Info Systems saw its target cut to Rs 1,350 from Rs 1,400.

Motilal Oswal Financial Services maintained a 'Buy' on Bharat Electronics at Rs 510, a slight revision from Rs 520. They also recommended a 'Buy' for Lenskart with a target of Rs 650. Jubilant FoodWorks received an 'Equal-weight' rating from Morgan Stanley, with a target price of Rs 486, while Goldman Sachs maintained 'Neutral' at Rs 460.

Emkay Global Financial Services advised 'Add' for Indian Oil Corporation at Rs 160 and Bharat Petroleum Corporation at Rs 350. The firm initiated 'Buy' recommendations for GE Vernova T&D India (target Rs 4,750, up from Rs 3,900) and Karnataka Bank (target Rs 280, up from Rs 260). Conversely, Emkay issued a 'Sell' rating for Ola Electric Mobility with a target of Rs 25, a reduction from Rs 20.

Elara Capital maintained a 'Buy' on Safari Industries but significantly cut its target to Rs 2,469 from Rs 3,248.

Get stock alerts instantly on WhatsApp

Quarterly results, bulk deals, concall updates and major announcements delivered in real time.

Add Stocks
Disclaimer:This content is for educational and informational purposes only and does not constitute investment, financial, or trading advice, nor a recommendation to buy or sell any securities. Readers should consult a SEBI-registered advisor before making investment decisions, as markets involve risk and past performance does not guarantee future results. The publisher and authors accept no liability for any losses. Some content may be AI-generated and may contain errors; accuracy and completeness are not guaranteed. Views expressed do not reflect the publication’s editorial stance.