JM Financial has initiated coverage on IndoStar Capital Finance with a 'Buy' rating, according to reports from The Economic Times. The brokerage cited the company's retail-focused transformation and strong earnings growth potential as key factors supporting their positive outlook on the financial services company.
Despite macro uncertainties, brokerages remained selective in their latest stock calls, identifying opportunities across multiple sectors. Elara Capital reiterated its positive stance on Avenue Supermarts, citing improving margins and growth supported by store expansion. Meanwhile, Emkay Global maintained its bullish view on LTIMindtree (LTM), backed by strong deal momentum and long-term growth drivers.
Brokerages identified opportunities in retail, information technology and financial services despite an uncertain macroeconomic environment. Emkay Global specifically highlighted GenAI opportunities as a positive driver for LTIMindtree, while Elara Capital emphasized margin-led growth for DMart. The selective approach reflects brokerages' focus on companies with strong fundamentals and growth prospects in the current market conditions.
