The domestic equity markets ended the week on a lower note after crude oil prices jumped sharply to trade near $80 a barrel. According to reports from The Financial Express, the Nifty 50 closed 0.60% lower while the BSE Sensex ended 0.74% higher for the week. Latest market data shows Indian stock markets ended lower on Tuesday as investors trimmed positions amid weak global cues, sustained foreign fund outflows, and pressure in mid- and small-cap stocks. Despite the weak market sentiment, several top research houses including Nomura, Jefferies, Goldman Sachs, JM Financial, and Motilal Oswal shared their latest recommendations for key stocks. These brokerages have shortlisted 10 stocks across sectors with projected upsides ranging from 10% to 47%.
Goldman Sachs has maintained its 'Buy' rating on Piramal Pharma with a target price of ₹225, implying an upside of about 26%, the highest among its preferred pharma names. As reported by The Financial Express, the brokerage continues to view Piramal Pharma as a turnaround play and expects revenue to grow 14% in FY27, followed by 18% in FY28 and 14% in FY29.
Motilal Oswal retained its 'Buy' rating on Tata Consultancy Services with a target of ₹2,350 per share, implying about 15% upside from current levels. According to The Financial Express, TCS expects demand to improve in Q2, supported by a pent-up technology backlog and stronger client conversations. However, the brokerage notes that while Q2 is expected to be better, evidence around demand improvement remains scant.
Nomura reiterated its 'Buy' rating on Bajaj Finance and expects the company to report 24% year-on-year AUM growth to ₹5.47 lakh crore in the June quarter, while net profit is projected to increase 24% to ₹5,897 crore. As reported by The Financial Express, Nomura believes asset quality should remain resilient with credit costs broadly stable at 1.7%. The brokerage also maintained its 'Buy' rating on Indus Towers with a 12-month price target at ₹505, addressing market nervousness around tenancy renewals from Jio Platforms despite an 11% correction in the share price.
Motilal Oswal initiated coverage on Vedanta Aluminium with a 'Buy' rating and target price of ₹540 per share, indicating an upside potential of around 20%. According to The Financial Express, the company has emerged as India's largest pure-play primary aluminium producer and the third-largest globally, excluding China. Motilal Oswal also maintained a 'Buy' rating on Kalyan Jewellers with a target price of ₹525, translating to an upside potential of around 47% from current market price. The company reported 38% year-on-year consolidated sales growth during Q1 FY27, though slightly lower than the brokerage's estimate of 45%.
