Global brokerages including Morgan Stanley, Goldman Sachs, Citi, and Bernstein, along with domestic firms such as Elara Capital and HDFC Securities, have issued fresh buy recommendations on several major stocks. According to reports from ET Now, the brokerages maintain bullish views on Titan Company, State Bank of India, and Tata Consumer Products, while adopting cautious stances on Thermax, ABB India, and Vedant Fashions amid valuation and growth concerns.
Titan Company emerges as the top pick with multiple brokerages maintaining bullish ratings. Morgan Stanley assigns an 'Overweight' rating with a target price of ₹5,212, while Bernstein maintains an 'Outperform' rating at ₹5,000. Goldman Sachs and Elara Capital both recommend 'Buy' with targets of ₹5,400 and ₹5,350 respectively. However, Citi maintains a more cautious 'Neutral' rating with a target of ₹5,075. The consensus among major brokerages reflects strong confidence in the luxury goods and jewelry segment.
Several major stocks delivered impressive quarterly results that strengthen their investment appeal. ABB India reported a remarkable ₹1,784 crore consolidated profit for Q1CY26, compared to ₹474.6 crore in the previous year, while revenue increased to ₹3,184 crore from ₹3,010 crore. Tata Consumer Products posted a 21.5% year-on-year increase in consolidated quarterly profit at ₹419.1 crore, with revenue rising 17.9% to ₹5,433.6 crore. Swiggy showed significant improvement with consolidated losses narrowing to ₹800 crore from ₹1,081 crore year-on-year, while revenue climbed 44.7% to ₹6,383 crore. Bank of India recorded a 14.8% rise in standalone quarterly profit at ₹3,015.8 crore.
Despite the overall bullish sentiment, some stocks face more cautious treatment. Vedant Fashions receives an 'Underweight' rating from Morgan Stanley at ₹400, while ABB India faces a 'Sell' rating from Elara Capital at ₹6,180. Lupin shows mixed recommendations with Goldman Sachs maintaining a 'Neutral' rating at ₹2,400, Elara Capital downgrading to 'Reduce' at ₹2,447, and HDFC Securities maintaining an 'ADD' rating at ₹2,530. These contrasting views highlight selective caution among brokerages on certain pharmaceutical and industrial stocks.
The food sector receives positive attention with Swiggy maintaining strong buy recommendations across multiple brokerages. Bernstein assigns an 'Outperform' rating at ₹430, Elara Capital maintains a 'Buy' rating at ₹360, and Citi also recommends 'Buy' at ₹415. Dabur India faces a more cautious 'Underweight' rating from Morgan Stanley at ₹425. In the technology sector, ACME Solar Holdings and Vikram Solar both receive 'Buy' ratings from Elara Capital at ₹357 and ₹323 respectively, reflecting positive outlook on renewable energy stocks.
