Multiple brokerage firms have issued fresh stock recommendations with UPL receiving mixed ratings from different analysts. According to reports from ET Now, Elara Capital has reiterated its Buy rating on UPL with a target price of ₹980, while Nuvama has downgraded the stock to Hold with a target price of ₹816. Similarly, TVS Motor Company maintains its Buy rating from Nuvama with a target price of ₹4,300, and CIE Automotive India receives a Buy rating from Motilal Oswal Financial Services with a revised target price of ₹539, up from the earlier target of ₹499. As reported by The Economic Times, Nuvama specifically cited restructuring risks as the reason for downgrading UPL to Hold, highlighting the stock-specific nature of these rating changes.
Axis Bank continues to receive positive coverage with Citi maintaining its Buy rating and reaffirming its target price of ₹1,463. In the automotive sector, Tata Motors retains its Equal Weight rating from Morgan Stanley with a target price of ₹340. As reported by The Economic Times, Citi has reiterated its bullish stance on Axis Bank, citing improving asset quality, strong loan growth and the removal of capital allocation overhangs. In the real estate sector, Citi has reiterated DLF and Phoenix Mills as its top picks, pointing to sectoral tailwinds that continue to shape investment recommendations across different segments.
The latest brokerage recommendations come amid positive market sentiment, with the BSE Sensex closing higher by 316 points on Friday. According to ET Now, the benchmark Sensex climbed 316.57 points, or 0.38 per cent, to settle at 82,814.71, while the NSE Nifty advanced 116.90 points, or 0.46 per cent, to close at 25,571.25. The market rebound was driven by heavy buying interests in banking and metal shares, with optimism over progress on trade deals and India's participation in Pax Silica contributing to the positive momentum. As reported by The Economic Times, brokerage commentary continues to highlight stock-specific and sectoral opportunities despite evolving market dynamics, with a clear focus on balance sheet strength, growth visibility and risk-reward comfort across different investment segments.
