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[hfe_template id='11223'] [ad_1] Brokerages remain optimistic on select stocks, with Jefferies and Investec issuing fresh recommendations on Polycab, Gujarat State Petronet (GSPL), and Mahanagar Gas (MGL) for the next 12 months. Jefferies continues to maintain a bullish stance on Polycab, albeit with a revised target price, citing its strong market position and growth prospects. Meanwhile, Investec has upgraded GSPL and MGL to "Buy," highlighting attractive valuations and long-term growth drivers in the gas sector. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies on Polycab India: Maintain Buy| Target Rs 6,485 (from Rs 7,700)| LTP Rs 4710| Upside 37% Jefferies has maintained a "Buy" rating on Polycab India but has revised the target price to Rs 6,485 from the earlier Rs 7,700, implying a potential upside of 37% from the last traded price of Rs 4,710. The brokerage does not expect any immediate...

[hfe_template id='11223'] [ad_1] 1 / 6 Brokerage Recommendations Leading brokerages have shared their latest stock recommendations, reflecting varied outlooks across key sectors for the next 12 months. Motilal Oswal has issued a "Buy" rating on Five-Star Business with a 25% upside potential, while Emkay remains bullish on Sun Pharma, projecting a robust 37% upside. Investec has upgraded UPL to a "Buy," citing operational improvements, and Jefferies continues to favor ITC with a stable outlook supported by taxation benefits. Meanwhile, JPMorgan maintains a "Neutral" stance on ONGC, noting near-term growth drivers alongside production concerns. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Agencies 2 / 6 Motilal Oswal on Five-Star Business Buy | Target Rs 930 | LTP Rs 743 | Upside 25% Motilal Oswal has given a "Buy" rating on Five-Star Business with a target price of Rs 930, indicat...

[hfe_template id='11223'] [ad_1] Brokerage firm Investec reiterates its cautious stance on Wipro, citing limited downside but potential capital allocation improvements, Axis Capital upgrades Infosys, driven by growth stability and efficiency gains. Meanwhile, Goldman Sachs maintains a bearish outlook on D-Mart, pointing to rising competitive pressures and limitations in market penetration. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Investec on Wipro: Reiterate Sell| Target Rs 290| LTP Rs 307| Downside 5% Investec has reiterated its "Sell" rating on Wipro, setting a target price of Rs 290, which reflects a downside of approximately 5% from the current market price of Rs 307.The brokerage anticipates an improved capital allocation strategy and enhanced shareholder payouts from the company. Given that Wipro holds a significant cash reserve of $6.1 billion, Investec believes that the company’s new capital alloc...

[hfe_template id='11223'] [ad_1] More than earnings, elections are keeping investors on the edge of their chairs with low voter turnout and numbers from the betting markets of Phalodi Satta Bazar fuelling pessimism on Dalal Street. So far in the month, Sensex is down over 1,700 points with FIIs pulling out Rs 28,000 crore from Dalal Street. At the end of the fourth phase, voting is now over in around 70% of the 540 Lok Sabha seats. The remaining 163 constituencies will vote in the next three phases which will be over by June 1. The lower voter turnout seems to have caught markets by surprise, given the wider expectation that BJP would be able to garner an overwhelming groundswell of support, as was the case in the previous 2019 elections, analysts say. On a weighted average basis, voter turnout so far has been 66.9%, which is lower than the 69% turnout in the first four phases of the previous 2019 elections. "The betting markets (Phalodi Satta Bazar) are indicating ...

[hfe_template id='11223'] [ad_1] Shares of Marico jumped 10% on BSE in Tuesday's trade to the day’s high of Rs 583 after the FMCG major on Monday reported a 5% year-on-year (YoY) jump in its March quarter consolidated net profit at Rs 320 crore. The revenue from operations rose merely 1.7% YoY to Rs 2,278 crore from Rs 2,240 crore in the year-ago quarter although the company managed to trim its expenses to Rs 1,894 crore in Q4FY24 from Rs 1,970 crore in Q3FY24 and Rs 1,907 crore in Q4FY23. Brokerages share a mixed view on the stock post the March quarter results. Here’s what they have to say: Motilal Oswal Motilal Oswal says that the improvement in rural market, market share gain, accelerated growth in foods and premium personal care, healthy growth in international business, and the normalization of price cuts should help MRCO deliver better revenue in FY25-26E. They added that Marico has also been sustaining double-digit EBITDA growth. They have a ‘buy’ rating main...