Domestic equity markets ended the week on a cautious note as crude oil prices surged near $80 a barrel. According to reports from The Financial Express, the Nifty 50 closed the week 0.08% higher, while the BSE Sensex ended the week 0.21% lower. Despite the mixed market performance, several top research houses including Nomura, Jefferies, Macquarie, HSBC, Nuvama, Goldman Sachs, Morgan Stanley, JM Financial, and Motilal Oswal shared their latest recommendations for key stocks across various sectors. Brent crude oil prices rose 0.1% to $82.54 per barrel, as reported by Associated Press, with prices having reached as high as $113 per barrel during the ongoing U.S.-Iran conflict. The rising oil prices have contributed to hotter inflation, with the U.S. and Iran both working on deals that could reopen the Strait of Hormuz, where a fifth of the world's oil and natural gas once passed through.
Jefferies retained or initiated 'Buy' ratings on six Indian stocks across jewellery, power, logistics, pharmaceuticals, automobiles and consumer durables, with price targets indicating 15% to 39% upside potential. According to The Financial Express, Kalyan Jewellers represents the highest potential upside at 39%, followed by Torrent Power at 26%, Gateway Distriparks at 23%, Emcure Pharma at 20%, Maruti Suzuki India at 16%, and LG Electronics India at 15%. The brokerage's comprehensive approach covers different market segments, from jewellery formalisation and renewable energy to logistics infrastructure and consumer electronics premiumisation.
Jefferies on Kalyan Jewellers: 'Buy' with a ₹830 price target, implying 39% upside. The brokerage estimated Kalyan's revenue to grow at a 23% compound annual growth rate over FY2026 to FY2029, while earnings per share were expected to rise at around 21% CAGR. Jefferies on Torrent Power: 'Buy' with a ₹1,780 target price, implying 26% upside, citing the company's renewable-energy expansion with RE capacity expected to rise at least 3x by FY30E. Gateway Distriparks received a 'Buy' rating with a ₹74 target, implying 23% upside, based on expected rail volume growth of 11% CAGR over FY2026 to FY2030. Emcure Pharma maintained its 'Buy' rating with a ₹2,320 target, implying 20% upside, following strong Q1 performance where revenue of ₹25.8 billion was 10% above estimates.
Maruti Suzuki India retained its 'Buy' rating with a ₹16,500 target price, despite cutting FY2027 earnings estimates by 16%. Jefferies expects passenger-vehicle demand to remain supportive with industry volumes growing 12% in FY2027. LG Electronics India received a 'Buy' rating with a ₹1,810 target, identified as Jefferies' key pick, citing premium diversified mix and industry-leading margins. The company maintained market leadership across key categories with 28.8% share in refrigerators, 31.5% in washing machines, 18.7% in inverter air conditioners, and 26.1% in panel televisions in FY2026. HSBC maintained its 'Buy' rating on Trent with an increased target price of ₹3,390 from ₹3,370, implying 11.8% upside, noting that June-quarter EBITDA beat was driven by higher gross margins and better mix led by Westside.
The recommendations point toward strong business fundamentals, quarterly performance, and sector-specific growth drivers across different market segments. According to The Financial Express, leading brokerages identified opportunities across sectors such as metal, aeronautics, housing finance, oil exploration, and FMCG. The highest return potential among HSBC's 10 preferred India stock ideas is Hindalco Industries with an upside potential of nearly 47%. As broader market sentiments are turning, these comprehensive recommendations provide investors with diverse sector exposure and potential returns ranging from 15% to 39% across different stock categories. Airbnb jumped 16% following the vacation-rental company's report showing stronger profit and revenue for its most recent quarter than analysts expected, demonstrating positive momentum in global markets.
