HDFC Securities maintained positive ratings on six stocks following their June quarter earnings review, according to reports from NDTV Profit. The brokerage reiterated its Buy rating on Ather Energy and Aditya Birla Lifestyle Brands, while maintaining Add ratings on Persistent Systems, CDSL, APL Apollo Tubes and Sundaram Finance. The ratings reflect the brokerage's constructive view on these companies' performance and future prospects.
As reported by NDTV Profit, HDFC Securities highlighted strong deal wins, improving profitability, healthy business momentum and growth recovery across the six companies. The brokerage cited growth visibility, margin resilience and sector-specific tailwinds as key factors supporting their positive outlook on these stocks. The June quarter performance demonstrated the companies' ability to navigate market challenges while maintaining operational strength.
HDFC Securities has expanded its positive outlook to include six additional stocks following their June quarter earnings review. The brokerage turned constructive on DLF, Marico, Godrej Properties, Century Plyboards and NOCIL, while maintaining a cautious stance on Nykaa, Kansai Nerolac and Prince Pipes. The updated ratings reflect the brokerage's confidence in these companies' improved earnings visibility and growth prospects across various sectors.
According to NDTV Profit, HDFC Securities' positive stance on these stocks is supported by sector-specific tailwinds and growth recovery across sectors. The brokerage's constructive view reflects confidence in the companies' ability to capitalize on favorable industry conditions and maintain competitive positioning in their respective markets. The ratings maintain the brokerage's positive medium-term outlook on these stocks.
All four brokerage reports on Ather Energy available with Informist maintain a 'buy' recommendation on the stock with an average target price of ₹1,222 per share, which is 3% lower than the closing price Friday. The positive ratings reflect the brokerage's confidence in the company's growth trajectory and operational improvements despite the expected quarterly losses. APL Apollo Tubes shares rose 5.62% following the earnings announcement, moving closer to the top of their 52-week range, with investors encouraged by management's comments on volume recovery and future capacity additions.
