Page 5 - Stock Analysis
Brokerages bullish on HCLTech post Q3FY26 results; raise target price
Most brokerages have increased their target on HCLTech on the backdrop of robust growth visibility
 "Brokerages bullish on HCLTech post Q3FY26 results; raise target price")
Motilal Oswal starts coverage on Canara HSBC Life with 'Buy'; check target
Canara HSBC Life is among India's top 10 life insurance companies and has a well-diversified product mix, MOFSL said
 "Motilal Oswal starts coverage on Canara HSBC Life with 'Buy'; check target")
Grasim's diversified growth strategy set for long-term gains: Motilal Oswal
Grasim's chemical segment, India's largest producer of chlor-alkali and epoxy resins, continues to offer a stable growth trajectory.
 "Grasim's diversified growth strategy set for long-term gains: Motilal Oswal")
AGR relief boosts Vodafone Idea outlook; analysts flag spectrum dues risk
Vodafone Idea shares fell 2% despite 10-year AGR moratorium. Analysts cite spectrum dues, funding risks, and limited upside despite cash-flow relief
 "AGR relief boosts Vodafone Idea outlook; analysts flag spectrum dues risk")
Eternal's growth rate, risk-reward make it the preferred qcom bet
Competitive pressure in quick commerce to intensify in 2026
 "Eternal's growth rate, risk-reward make it the preferred qcom bet")
APL Apollo Tubes at 'inflection point', says Motilal Oswal; maintains 'Buy'
Motilal Oswal has maintained its 'Buy' call on APL Apollo Tubes with the target price at ₹2,260per share
 "APL Apollo Tubes at 'inflection point', says Motilal Oswal; maintains 'Buy'")
Motilal Oswal bullish on M&M's healthy launch pipeline; retains 'Buy'
Motilal Oswal expects M&M to deliver a 14 per cent underlying volume (UV) compound annual growth rate (CAGR) over FY25-FY28E.
 "Motilal Oswal bullish on M&M's healthy launch pipeline; retains 'Buy'")
Execution-driven margin gains support BHEL despite policy overhang
Policy overhang limits near-term stock performance
 "Execution-driven margin gains support BHEL despite policy overhang")
Sebi notifies new stock broker regulations after over three decades
Following Sebi board approval last month, the Stock Broker Regulations, 2026, have now been notified, replacing the norms set in 1992
 "Sebi notifies new stock broker regulations after over three decades")
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.
 "Nomura hikes Max Financial's target price as it expects co to outpace peers")
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
 "Brokerages bullish on Godrej Consumer post Q3 biz update; here's why")
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.
 "HDFC Bank down 4% in 2 days, falls below 200-DMA: analysts decode strategy")
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
 "Revenue miss in Q3 to keep apparel retail major Trent under pressure")
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.
 "Why did Motilal Oswal start coverage on Groww with 'Buy' rating? Check here")
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
 "Emkay Global upgrades Bajaj Auto to 'Buy' on EV momentum, export recovery")
Competition, pace of store additions to keep DMart under pressure
Intensifying competition and slower new-store openings are squeezing India's retail heavyweight
 "Competition, pace of store additions to keep DMart under pressure")
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.
 "InCred Equities starts coverage on Tata Motors with 'Add' as CV cycle turns")
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.
 "JM Financial initiates Adani Power, sees upside on rising power demand")
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 see Marico post strong Q3 on pricing power, margin recovery")
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
 "Analysts bullish on Devyani after Sapphire Foods merger approval")