The midcap segment is experiencing significant momentum with several midcap stocks surging in the last three to four weeks, with around a dozen companies seeing upgrades of 15% to 70% in the past four weeks. As reported by ET Now, Adani Power shares have soared 36% since the recent market low, closing at ₹37.85 on Wednesday. Market experts note that the real upside on these stocks will come only once this broad midcap rally picks up steam and once rate cutting starts happening. The Nifty Midcap 100 index ended in the green with gains of 0.3% while the Nifty50 and Nifty Smallcap 100 fell 0.3% each, indicating selective investor interest in midcap opportunities.
UBS maintains a Buy rating on Canara Bank with a target price of ₹160, citing healthy loan growth that exceeded estimates in Q1FY27. According to reports from NDTV Profit, the brokerage noted that deposit traction remains steady, while Morgan Stanley maintains an Underweight rating with a target price of ₹103, highlighting strong credit growth in their initial update. The banking sector continues to attract attention from analysts amid steady deposit growth and improving credit metrics. Canara Bank has now empanelled Zaggle Prepaid Ocean Services Limited through Expression of Interest (EOI) for empanelment of Fintech Companies, with the empanelment effective from June 30, 2026, and valid for two years subject to annual review of performance.
The automotive sector shows strong demand momentum with Jefferies reporting wholesale growth of 38% YoY for trucks, 23% YoY for PVs, and 14% YoY for tractors in June 2026. As reported by NDTV Profit, Macquarie maintains that June 2026 demand momentum remains strong with PVs leading growth and 2W demand staying firm. TVS and M&M are identified as top picks by multiple brokerages, with Maruti, M&M, and TVS remaining preferred overweight selections across various reports.
The consumer staples sector is expected to witness stable to improving revenue growth trends in Q1FY27, with JPMorgan expecting packaged foods companies to see the highest growth, followed by HPC and then alcoholic beverages. According to reports from NDTV Profit, ITC is likely to see sharply lower revenue, while companies like Honasa, Nestle, Varun Beverages, Tata Consumer, Marico, and Britannia are expected to show highest EBITDA growth. The sector continues to show resilience despite broader market challenges.
Bernstein upgraded Ambuja to Outperform from Market-perform with a target price of ₹486, citing normalizing costs that should drive EBITDA per tonne in the second half. As reported by NDTV Profit, CLSA maintains a High Conviction Outperform rating on NHPC with a target price of ₹117, noting the company is set to double its regulated equity by FY30. The infrastructure and energy sectors continue to attract positive analyst sentiment amid long-term growth prospects.
Internet and technology stocks face mixed analyst expectations with BofA expecting stable Q1 performance despite Middle East war headwinds, noting potential positive surprises from Meesho on growth and margins. According to reports from NDTV Profit, Citi maintains Sell ratings on both Colgate (target ₹1900) and Dabur (target ₹425), citing weaker-than-expected medium-term earnings growth trajectories. The sector faces competitive pressures and pricing challenges that are influencing analyst recommendations.
