Brokerages have issued fresh recommendations on a diverse set of stocks spanning multiple sectors including pharma, liquor, paints, real estate, battery manufacturing, construction equipment, and agrochemicals. According to reports from NDTV Profit, the positive outlook covers Glenmark Pharma, United Spirits, Kansai Nerolac, UPL, DLF, Adani Green Energy, Torrent Power, Escorts Kubota, Exide Industries, and IGI, while maintaining constructive views on banks and financials. The recommendations span multiple brokerages including HSBC, GS, Macquarie, MS, Citi, and Jefferies. Latest developments show Monarch Networth Capital has initiated coverage on Asian Paints, Colgate Palmolive India, and Kansai Nerolac Paints, citing strong brands, extensive distribution networks, and resilient domestic demand.
HSBC maintains a Buy rating on Glenmark Pharma with a target price increased to ₹2590 from ₹2575, citing improving outlook for US sales. As reported by NDTV Profit, the brokerage noted that Q1 was operationally in line with forecasts aided by healthy sales growth in core India and US segments. GS maintains a Buy rating on United Spirits with a target price of ₹1575, highlighting potential opening of Tamil Nadu as a major tailwind. The state contributes approximately 16% to national volumes and represents India's largest spirits market.
ICICI Securities has maintained its 'Add' rating on Kansai Nerolac with an unchanged target price of ₹230 following the company's Q1 FY27 results. According to NDTV Profit, Kansai Nerolac reported 9.8% YoY revenue growth, marking its strongest growth performance in the last 13 quarters. The improvement was driven by broad-based strength across segments, particularly in premium decorative paints which delivered double-digit growth during the quarter. The company added 1,700 dealers during the quarter and is focusing expansion efforts on regions with lower market presence. ICICI Securities highlighted the company's significant capacity expansion plans with ₹600 crore investment across three locations, adding 65,880 KL of paint and powder coating capacity while pursuing backward integration through resin manufacturing. Monarch Networth Capital has initiated coverage on Kansai Nerolac with a target price of ₹232, pointing to an upside potential of 16.6% from its August 4 closing level, citing the company's leading position in industrial coatings and growing footprint in decorative paints.
Asian Paints maintains its position as India's largest paint maker with Monarch Networth setting a target price of ₹3,165, representing a potential upside of 14% from its August 4 closing price. Despite rising competition across the domestic paint landscape, the brokerage remains confident in the company's strong pricing power, unmatched reach, and deeper expansion into the home decor space. These structural strengths are expected to help Asian Paints protect its leadership position and generate steady shareholder returns over time. Colgate Palmolive India benefits from its widespread reach in rural markets alongside market share gains driven by premium product launches in personal care. Monarch Networth has set a target price of ₹2,166 for Colgate, which translates to a 7.7% upside from its August 4 close, highlighting the company's debt-free balance sheet, strong return ratios, and consistent cash flow generation as key drivers.
Citi analysis reveals significant banking sector mobilization patterns with foreign banks' incremental FCNR (B) share at 29.9% versus their total deposit market share of 4.5-5.0%. As reported by NDTV Profit, private banks mobilized US$10.7 billion (38.3% of net inflows) while foreign banks contributed US$8.4 billion (30%). Notably, PSU banks captured only 31.6% of net inflows despite holding 61%/51% market share in deposits/FCNR(B).
