Stocks to buy today: Investec upgrades Gujarat State Petronet & Mahanagar Gas; Jefferies sees 37% upside in Polycab
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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...