Today's trading session reflects mixed brokerage sentiment across key stocks, according to ET Now. Reliance Industries and Varun Beverages are preferred BUY picks, supported by strong growth outlooks. However, IndusInd Bank and Tech Mahindra remain under SELL recommendations due to strategic and macro concerns. Meanwhile, stocks like SBI Life Insurance and others fall in the HOLD category amid steady but moderated growth expectations.
Reliance Industries maintains an Overweight rating from Morgan Stanley with an unchanged target price of ₹1,803. The company has signed a USD 3 billion green ammonia agreement with Samsung C&T, spanning a 15-year supply period. Varun Beverages receives a BUY rating from Motilal Oswal with a target price of ₹550, supported by structural drivers including retail expansion and improved electrification. IndusInd Bank faces a SELL rating from Citi with a target price of ₹800, while Tech Mahindra also receives a SELL rating from Citi with a target price of ₹1,260.
SBI Life Insurance receives a BUY rating from Motilal Oswal with a revised target price of ₹2,400, down from ₹2,570. The company has demonstrated consistent performance, delivering an APE CAGR of 15% over FY20–25, significantly outperforming the industry average of 6%. ASK Automotive receives an ADD rating from HDFC Securities with a target price of ₹480, valued at 22x its March 2028 estimated earnings per share. PVR INOX maintains a BUY rating from Elara Capital with an unchanged target price of ₹1,300, with expectations for Dhurandhar 2 to deliver opening-day box office collection of around ₹1 billion.
Bharat Electronics receives a BUY rating from Goldman Sachs following the announcement of a fresh order inflow of ₹10.1 billion. With this addition, cumulative order inflows for FY26 stand at ₹216.2 billion so far. IPCA Laboratories maintains a BUY rating from Motilal Oswal with a target price of ₹1,820, expecting earnings growth to be supported by portfolio expansion and integration of Unichem Laboratories. PG Electroplast receives a BUY rating from Nuvama with a revised target price of ₹780 from ₹800, though the disruption in LPG supply at the Supa facility is expected to significantly impact Q4 performance.
