Domestic equity markets closed the week on a positive note with Nifty 50 gaining 0.86% and BSE Sensex rising 0.91%. According to reports from The Financial Express, crude oil staying below $75 per barrel helped boost investor sentiment during the week. ET Screener, powered by Refinitiv's Stock Report Plus, has identified 12 large-cap stocks with an average analyst recommendation of 'Buy' or 'Strong Buy' and potential upside over the next 12 months. Despite recent volatility, market sentiment has improved with broader participation indicating recovery in buying interest.
Bharti Airtel has generated a significant technical breakout above its 4-month consolidation range of ₹1,740 - ₹1,930, as reported by Bajaj Broking. The brokerage believes the stock offers a fresh entry opportunity for the next leg of its upward movement, with expectations of ₹2,125 levels in the coming months. The stock has reclaimed its crucial 52-week Exponential Moving Average (EMA) and taken support at the value area of ₹1,700 - ₹1,750, which represents the confluence of the 61.8% retracement from the previous up move and the April 2025 breakout area. The weekly 14-period Relative Strength Index (RSI) is in an uptrend and sustaining above its 9-period average, validating the positive bias in the stock.
Bharti Airtel emerged as the top pick with Nomura maintaining a 'Buy' rating and target price of ₹2,355, implying an upside of 33%. The brokerage believes the 5G rollout is complete and expects strong free cash flow generation leading to significant deleveraging. Bajaj Auto received a 'Buy' rating with a target price of ₹2,900, implying 29% upside. United Spirits also secured a 'Buy' rating with a target price of ₹2,900, suggesting 29% potential gains. As reported by The Financial Express, the brokerage expects the company to sustain its leadership position through significant launch pipeline and robust execution.
Dixon Technologies received a 'Buy' rating from Investec with a target price of ₹14,500, implying an upside of 23%. According to The Financial Express, the brokerage expects mobile phone volumes to remain resilient and Dixon's exports, backward integration, and new business verticals to support earnings growth. MCX got a 'Buy' rating from Jefferies with a target price of ₹3,600, implying 27% upside potential. The brokerage believes India's commodity derivatives market is at an early stage compared to global markets.
RBL Bank received a 'Buy' rating from Nuvama with a target price of ₹470, implying 26.7% upside. As reported by The Financial Express, the brokerage believes the ₹26,000 crore capital infusion by Emirates NBD has strengthened the bank's capital position. Adani Ports & SEZ maintained a 'Buy' rating from Motilal Oswal with a target price of ₹2,050, implying 13% upside. The brokerage highlighted the strategic partnership with MSC Group's terminal arm as a significant win for Vizhinjam's position as India's leading transhipment hub.
