Markets closed lower Friday amid mixed global cues and rising crude oil prices, with analysts maintaining a bullish outlook on Nifty above 24,350. According to ETMarkets, the recent dip in Nifty has not altered its overall bullish structure, and analysts continue to maintain a positive outlook as long as the index holds above the crucial 24,350 support level. However, persistent volatility in crude oil prices could keep the index in a consolidation phase in the near term. In today's trade, shares of Titan, SBI, Ola Electric, Astra Microwave, and Hindalco among others will be in focus due to various news developments and first quarter results.
State Bank of India emerges as the top banking recommendation with multiple brokerages maintaining buy ratings and raising target prices. Citi maintains its buy rating while raising the target price to ₹1,300 from ₹1,230, citing strong Q1 performance with NIM expansion and robust fee income. HSBC also maintains buy with a raised target of ₹1,310 from ₹1,180, highlighting the bank's strong Q1 beat led by NIM expansion and tight cost control. JP Morgan maintains overweight with a target of ₹1,280, noting strong Q1 performance with domestic NIM at 3% and loan growth guidance raised to 14-15% for FY27. The bank's advances accelerated 19% YoY led by retail, SME and agriculture segments, while management reiterated confidence in sustaining domestic NIM above 3%. Choice Broking recommends a Call Ratio Spread derivative strategy for August expiry, targeting upside levels of ₹1,100-1,125 with a favourable risk-reward ratio of 1:2.51. The stock is currently trading around ₹1,082 and has recently given a decisive sideways range breakout on the daily timeframe, supported by healthy volume and holding strong above key EMAs.
Titan Company delivered strong Q1 results with consolidated net profit rising 63% year-on-year to ₹1,777 crore and revenue growing 29% to ₹21,356 crore. The profit exceeded the CNBC-TV18 poll estimate of ₹1,267 crore, with EBITDA rising 58% to ₹2,890 crore and margin at 13.5%. Apollo Micro Systems also showed robust performance with net profit jumping 42.1% YoY to ₹27 crore from ₹19 crore, while revenue surged 88% to ₹251.3 crore from ₹133.6 crore in the year-ago quarter. However, Delhivery faced challenges with net profit declining 65% YoY to ₹31.9 crore despite revenue increasing 28% to ₹2,930.7 crore. Ola Electric continued to struggle with a consolidated loss of ₹336 crore in Q1FY27, though the loss narrowed from ₹426 crore year-ago, while revenue from operations fell 45% YoY to ₹455 crore from ₹828 crore. LG Electronics India posted strong results with net profit climbing 27.2% YoY to ₹652.8 crore from ₹513.2 crore, while revenue grew 15.5% to ₹7,233.3 crore from ₹6,262.9 crore. Honasa Consumer recorded a remarkable 118.4% year-on-year surge in net profit to ₹90.2 crore in Q1 FY27, compared with ₹41.3 crore in the corresponding quarter of the previous year. Indigo Paints posted 60% YoY growth in consolidated net profit to ₹41.7 crore in Q1 FY27 from ₹26.1 crore, aided by double-digit sales growth and stronger operating margins. KRBL reported a 73.16% year-on-year jump in net profit to ₹260.74 crore in Q1, compared with ₹150.58 crore in the year-ago period.
Sumitomo Chemical India and HMA Agro Industries round out the recommendations with specific trading strategies. According to Essential Business Intelligence, market expert Sachin Janardan Sarvade recommends buying Sumitomo Chemical between ₹533-625 levels with a target price of ₹625, implying an upside of 17.26% from the lower band. Meanwhile, VLA Ambala suggests buying HMA Agro Industries around ₹22 with targets of ₹25 and ₹28, offering upside potential of 13.64% and 27.27% respectively.
Anand Rathi Wealth completes the list of recommendations with a buy call from market expert Sachin Janardan Sarvade. As reported by Essential Business Intelligence, the recommendation covers the price range of ₹2,075-2,100 with a stop-loss at ₹1,989 and target of ₹2,323. The target price implies upside potential of 11.95% from the lower end and 10.62% from the upper end of the recommended range. All recommendations include defined stop-loss levels to manage risk effectively.
The latest brokerage recommendations span multiple sectors including banking, healthcare, FMCG, logistics, electronics manufacturing services, tyres, electric vehicles, retail and jewellery, metals, and pharmaceuticals. Key sectors showing strong analyst interest include ITC Ltd. with VLA Ambala's buy recommendation at ₹280-290 levels and Punjab National Bank with multiple buy ratings from different brokerages. The recommendations reflect a diversified approach across traditional banking, emerging sectors like EVs and logistics, and established FMCG and consumer goods companies, providing investors with varied opportunities across different market segments and risk profiles. Additional companies scheduled to report results today include Bosch Limited, Vodafone Idea Limited, Hindustan Copper Limited, and Dilip Buildcon Limited. Ashok Leyland, NMDC, Cochin Shipyard, Bharat Dynamics, Physicswallah, and Patanjali Foods will also remain in focus as these companies release their Q1 results today.
