Axis Securities has set a target price of ₹290 per share, implying a potential upside of 10 per cent from Friday, March 13, closing price of ₹263 on the NSE
Analysts believe the recent stock market correction due to the ongoing conflict between Iran and Israel-US and resultant dislocations in stock prices, presents an opportunity to add 'better' stocks.
Thus far in March, the stock price of HPCL has slipped 22 per cent, while BPCL and IOCL were down 18 per cent and 14 per cent, respectively amid rising crude oil prices.
Factoring in the Middle East conflict-related disruption, Antique trimmed its FY26-FY28 earnings estimates for Yatra Online by 4 per cent each and reduced its valuation multiple to 27x from 32x
Antique upgraded GAIL (India) Ltd. to 'Buy' from 'Hold', citing the sharp correction in the stock price despite a relatively limited impact on its target price
Choice highlighted that the company will continue to focus on the premium wood coatings segment, where demand is largely driven by architects and premium contractors
Stock to buy: Himadri Speciality Chemicals is a constituent of the Nifty Smallcap 100 index. Brokerage firm Angel One has intitiated 'Buy' coverage for an upside of 25 per cent
Geopolitical tensions may raise freight costs due to higher crude prices, which could affect margins as power, fuel and water account for about 7 per cent of revenue
Nifty Metal index: At 10:45 AM on Friday; the metal index was the top sectoral indices loser down 4.3 per cent as against 1.3 per cent decline in the Nifty 50.
Va Tech Wabag is well-positioned for sustained growth, with regular order inflows and normal project execution in the Middle East despite current escalating tensions
Vodafone Idea share price target: HDFC Securities has recommended 'Buy' and add on dips on Vi stock in the band of ₹8 to ₹9, with a fair value (target price) of ₹12
At the current market price of ₹259 per share, the brokerage sees an upside potential of 39 per cent on the stock and has set a target price of ₹360 per share, based on 16x FY28E EV/Ebitda
Markets in free-fall: The Sensex has declined over 1 per cent in the last seven out of nine trading sessions; dragging 55 out of BSE 500 stocks to new 52-week lows on Thursday.
Bharat Petroleum Corporation (BPCL), Hindustan Petroleum Corporation (HPCL) and Indian Oil Corporation (IOCL) were down by 4 per cent each on the BSE in Thursday's intra-day trade.
Antique said Britannia is executing a balanced growth strategy aimed at positioning itself as a 'total food company' while maintaining leadership in the biscuit category.
