Equity markets rebounded as crude oil prices dropped below $90, with Nifty 50 and Sensex gaining over 2% for the week. According to The Financial Express, several top research houses including Macquarie, Nomura, Jefferies, JM Financial, Axis Securities, Motilal Oswal, and HSBC have issued fresh target price revisions and rating changes for key stocks. These recommendations highlight strong growth potential across various sectors including technology, consumer goods, financial services, power transmission, steel, and industrial solutions, with firms remaining selective on Indian equities while highlighting companies well positioned to benefit from improving business fundamentals and strategic initiatives.
Power Grid Corporation of India receives a 'Buy' rating from Macquarie with a target price of ₹400, indicating an upside potential of nearly 40%. The brokerage highlights India's energy landscape transformation across power generation, transmission and distribution, driven by regulatory changes, infrastructure investments and changing energy consumption patterns. JSW Infrastructure maintains its 'Buy' rating from Motilal Oswal with a target price of ₹360, implying an upside potential of approximately 34%. The recommendation is supported by India's long-term focus on logistics efficiency, port expansion and multimodal transport connectivity. JSW Energy receives a 'Buy' rating from Jefferies with an upgraded target price of ₹745 from ₹675, implying a 30% upside following the company's ₹4,000 crore qualified institutional placement in May 2026.
Titan Company has been assigned a 'Buy' rating by Elara Capital with a target price of ₹5,100, according to ET Now reports. In the financial services sector, PNB Housing Finance receives a 'Buy' rating from Motilal Oswal with a target price of ₹1,275, driven by strong fundamentals and expansion in higher-yield segments. The recommendations also include Pidilite Industries from JP Morgan with a ₹1,630 target price, where the brokerage maintains an Overweight rating citing medium-term growth outlook supported by strong India consumption and housing/construction tailwinds. JP Morgan expects mid-teens+ revenue growth in FY27, supported by 10%+ pricing and resilient underlying demand.
Infosys has received an Outperform rating from CLSA with a target price of ₹1,512, as reported by NDTV Profit. The brokerage believes market estimates of 2%-4% AI deflation are incrementally being offset by new volume opportunities around managing AI agents, token cost optimization, and modernization work. CLSA estimates GenAI services opportunity around six new value pools will reach US$300-400 billion by 2030, with GenAI revenue for Infosys currently at approximately US$1 billion annually and growing faster than the company average growth rate. Bharti Airtel receives a 'Buy' rating from Nomura with a target price of ₹2,220, implying a 25% upside following the company's provision of ₹11,760 crore on consolidated accounts for principal and interest on original demand of ₹8,410 crore. Adani Green Energy maintains its 'Buy' rating from Jefferies with an upgraded target price of ₹1,730 from ₹1,435, as management reiterates confidence in expanding capacity from 19.3 GW in FY26 to 50 GW by 2030.
Other stocks receiving 'Buy' ratings include Astral from Motilal Oswal with a ₹1,950 target price, Prince Pipes with a ₹320 target price, and Nitin Spinners with a ₹750 target price. As reported by ET Now, Arvind Ltd and Sanathan Textiles have also been recommended as 'Buy' opportunities by Emkay with target prices of ₹700 and ₹550 respectively. Aegis Logistics receives a 'Buy' rating from JM Financial with a raised target price of ₹1,200 from ₹935, driven by exceptional distribution segment performance with 72% YoY volume growth in Q4FY26 and profitability of ₹15,000 per tonne. Godrej Properties maintains its 'Buy' rating from HSBC with a target price of ₹2,900, implying a 67.6% upside after delivering pre-sales of ₹342 billion in FY26, up 16% year-on-year and the highest reported by any listed real estate developer in India.
