Global brokerage firms are maintaining bullish stances on select Indian stocks, with Elara Capital issuing a buy rating on Oil India Limited with a target price of ₹672, while Goldman Sachs has retained its buy rating on JSW Steel with a target price of ₹1,500. According to reports from The Economic Times, these recommendations reflect strong earnings visibility, policy tailwinds, and balance sheet improvements driving brokerage optimism across select market segments. The latest developments show that Morgan Stanley has also issued a buy rating on Oil India Limited with a target price of ₹672, joining Elara Capital in maintaining positive recommendations for the energy sector.
Oil India Limited is benefiting from favourable policy shifts and improving realisations, as reported by The Economic Times. The company's stock has attracted attention from multiple brokerage houses due to these positive operational developments and market conditions. The policy environment appears to be supporting the company's business prospects, with Elara Capital maintaining its buy rating and Morgan Stanley issuing an overweight rating with a target price of ₹225. These ratings reflect the company's strong fundamentals and growth prospects in the energy sector.
JSW Steel continues to maintain its position as a preferred investment choice, with Goldman Sachs retaining its buy rating and Morgan Stanley maintaining an overweight rating with a target price of ₹1,330. As reported by The Economic Times, the company is expected to benefit from favourable conditions and strategic expansions, indicating potential growth opportunities in the steel sector. The steel sector remains a focus area for global firms, with JSW Steel being one of the preferred choices among steel companies.
Brokerage houses remain constructive on select pockets of the market, with strong earnings, supportive policies, and better balance sheets driving their positive outlook. According to The Economic Times, companies such as Oil India Limited, Muthoot Finance, and JSW Steel have attracted bullish calls from global firms including Elara Capital, Morgan Stanley, and Goldman Sachs, respectively. These recommendations suggest that selective opportunities across various sectors continue to attract institutional interest based on fundamental strengths and market positioning, with multiple brokerages maintaining positive stances across different rating categories.
