Page 4 - Stock Analysis

Nomura hikes Max Financial's target price as it expects co to outpace peers

The brokerage maintained a 'Buy' rating and a target price of ₹1,935, which implies upside potential of 15.8 per cent from Tuesday's close price.

Brokerages bullish on Godrej Consumer post Q3 biz update; here's why

Nomura has maintained Godrej Consumer as its top pick and forecasts an Earnings per share (EPS) compound annual growth rate (CAGR) of 18.5 per cent over FY26-28F

HDFC Bank down 4% in 2 days, falls below 200-DMA: analysts decode strategy

HDFC Bank shares slide 4% in two days and fall below the 200-DMA. Analysts explain FII selling, Q3FY26 update impact and strategy ahead.

Revenue miss in Q3 to keep apparel retail major Trent under pressure

The company reported a 17 per cent year-on-year (Y-o-Y) growth in sales for the quarter, which was below Street estimates

Why did Motilal Oswal start coverage on Groww with 'Buy' rating? Check here

On the bourses, Billionbrains Garage Ventures' share price climbed as much as 2.7 per cent to an intraday high of ₹159.75 before paring gains to trade 0.26 per cent lower at ₹155.15 around 11:30 AM.

Emkay Global upgrades Bajaj Auto to 'Buy' on EV momentum, export recovery

Emkay Global upgrades Bajaj Auto to 'Buy', raises target to ₹11,100 citing EV leadership, export recovery, EPS upgrades and strong risk-reward outlook

Competition, pace of store additions to keep DMart under pressure

Intensifying competition and slower new-store openings are squeezing India's retail heavyweight

InCred Equities starts coverage on Tata Motors with 'Add' as CV cycle turns

According to InCred Equities, the CV downcycle that played out over six quarters between April 2024 and July 2025 appears to be bottoming out.

JM Financial initiates Adani Power, sees upside on rising power demand

On the financial front, JM Financial expects revenue and Ebitda to grow at a CAGR of 15 per cent and 18 per cent, respectively, over FY25-28, driven by ongoing capacity additions.

Analysts see Marico post strong Q3 on pricing power, margin recovery

Nomura expects Marico's consolidated revenue to rise in the high twenties Y-o-Y in Q3FY26, estimating growth of around 27%, despite a broadly stable demand environment for the FMCG sector.

Analysts bullish on Devyani after Sapphire Foods merger approval

Brokerages remain positive on Devyani International after the Board's approval of Sapphire Foods merger, citing scale benefits, cost synergies and stronger QSR economics

ITC stock downgraded as excise duty hike raises margin, volume growth risks

ITC earnings estimates for FY27-28 have been cut after a sharp excise duty hike on cigarettes. Brokerages have downgrade the stock, citing margin and volume risks

Additional funding and relief key for Vodafone Idea to meet liabilities

On Wednesday, Vi's stock price had slipped 11 per cent, after hitting a 52-week high of ₹12.80 on December 31, 2025

HDFC Securities trims Oil India target to ₹495; maintains 'Buy': Here's why

HDFC Securities maintained its 'Buy' rating on Oil India, supported by expectations of 9 per cent CAGR in gas production and 4 per cent CAGR in oil production over FY25-27E

HDFC Securities bearish on Nykaa, sees limited core BPC operating gains

The brokerage has maintained its 'Sell' rating on FSN E-Commerce Ventures (Nykaa) with a target price of ₹200 per share. Fashion remains a "work in progress", it said

Nirmal Bang recommends 'Buy' on Bharti Airtel on strong ARPU, 4G/5G growth

Nirmal Bang Securities has set a target price of ₹2,525 per share for Bharti Airtel, implying a potential upside of 20 per cent from the previous session's closing of ₹2,105.6

HDFC Sec turns bullish on Dr Lal PathLabs; upgrades to 'Buy'; raises target

Dr Lal PathLabs is focusing on innovation, including new wellness packages and high-end, super-speciality tests, with a focus on capturing prescription shares

Mirae Asset Sharekhan bullish on Lemon Tree on strong pipeline, RevPAR

Lemon Tree Hotels management has guided for mid-teens revenue growth driven by a busy wedding season, surge in MICE activities, higher share from Aurika, Mumbai and contribution from new hotels

Motilal Oswal bullish on VA Tech Wabag; strong order book supports growth

On the bourses, VA Tech Wabag share price rose as much as 6.17 per cent to an intraday high of ₹1,349, before trading 2.81 per cent higher at ₹1,306.20 around 12:50 PM.

Brokerages raise target on Shriram Finance post analyst call; details here

Management emphasised that MUFG is being onboarded as a long-term strategic partner, bringing not only significant capital support but also meaningful value addition through funding diversification