BROKERAGE STOCK VALUATION
JPMorgan finds Reliance Industries share valuation comfortable but flags O2C as uncertain spot
JPMorgan maintains an Overweight rating on Reliance Industries. The brokerage sees comfortable relative valuation for RIL. Near-term outlook for oil-to-chemicals business remains uncertain. JPMorgan retains a price target of Rs 1,675 for March 2027. The firm expects improved refining and petrochemical margins in the medium term. Retail valuation upside also offers potential gains.
HDFC Bank vs ICICI Bank vs YES Bank: Which one to buy after Q4 results?
HDFC Bank, ICICI Bank and Yes Bank delivered steady FY26 performances with healthy earnings growth and improved asset quality. While ICICI Bank and HDFC Bank attracted positive brokerage outlooks with strong fundamentals, analysts remain cautious on Yes Bank, citing valuation concerns and sustainability risks despite sharp profit growth in the latest quarter.
Groww, world’s most expensive broking stock, to face earnings test today after doubling from IPO price
Billionbrains Garage Ventures (Groww) is set to report earnings Monday, with investors questioning whether its rich valuation is justified. The stock has surged 29% this year. Analysts expect net income to double to Rs 6.6 billion, but its 43x forward P/E—higher than Robinhood, Interactive Brokers and Angel One—will keep scrutiny on the sustainability of growth.
Yes Bank shares jump 3% after Q4 earnings beat estimates. Here's what Morgan Stanley, other brokerages say
Yes Bank shares rose after reporting a strong March quarter with sharp growth in net profit and net interest income, alongside improved asset quality. However, brokerages remain cautious, citing expensive valuations, reliance on recoveries, and below-industry growth, raising concerns over the sustainability of profitability and near-term upside potential in the stock.
ICICI Bank shares rise 2% after Q4 results. What Jefferies, Bernstein and other brokerages are saying
Brokerages remain bullish on ICICI Bank after a strong quarter, citing stable margins, healthy loan growth and improving asset quality. Motilal Oswal, Elara Capital and JM Financial maintained buy ratings, with target prices up to Rs 1,783. They expect steady returns, strong buffers and consistent execution to support premium valuations and earnings growth over FY27-28.
Even a Rs 15,000-crore buyback fails to cheer Wipro investors
Wipro's stock fell on Friday after its March-quarter earnings missed expectations, with a ₹15,000 crore buyback failing to boost sentiment. The IT major reported a 2% decline in consolidated net profit, and brokerages expressed caution due to weaker-than-expected performance and revenue headwinds. Analysts noted continued underperformance compared to peers, despite attractive valuations.
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Suzlon Energy shares rise 4%, extends five-day rally to nearly 18%. Should you buy?
Suzlon Energy shares extended gains, rising nearly 18% over five sessions, supported by strong momentum and improving investor interest. JM Financial remains bullish with a Buy rating, despite execution concerns. Elevated RSI indicates overbought conditions, while rising institutional holdings and expected commissioning recovery may support the stock’s near-term outlook.
Gujarat Gas rises 7% after Nomura upgrade. Is the Iran war a buying opportunity?
Gujarat Gas shares saw a significant jump after a major brokerage upgraded the stock. The US-Iran conflict is creating supply chain disruptions, impacting fuel availability. This situation presents opportunities for Gujarat Gas, especially in the Morbi region. The company is poised for potential volume growth and improved margins. Investors are watching closely as the market reacts to these developments.
HDFC Life Insurance shares tank 4% on Q4 results. What are Morgan Stanley and Goldman Sachs saying?
HDFC Life Insurance share price declined 4% after announcing plans to raise Rs 1,000 crore from HDFC Bank via preferential issue, alongside March quarter earnings growth. Profit rose 4% YoY, while premiums grew 9%. Brokerages remain mixed, with target prices ranging from Rs 725 to Rs 745 amid growth concerns.
HDB Financial shares rally 12%. What Jefferies, Morgan Stanley analysts recommend
HDB Financial Services surged over 12% after reporting strong Q4 FY26 results, with profit up 41% and NII rising 22%. Brokerages including Jefferies, Morgan Stanley, Emkay Global, JM Financial and Motilal Oswal issued mixed but largely positive views, citing improved asset quality, stable margins and moderated credit costs.
Mutual fund bulls vs FII bears: The Rs 38,000 crore battle for 5 popular bank stocks
Domestic mutual funds bought banking stocks worth Rs 38,000 crore in March, countering heavy FII selling of Rs 60,655 crore during the Iran war selloff. Major accumulation was seen in HDFC Bank, ICICI Bank, SBI, Kotak Mahindra Bank, and Axis Bank. HDFC Bank emerged as the top pick across leading mutual fund houses, according to Prime Database estimates.
Nifty rebounds 8% in April after March rout, but stays below pre-war levels. What does it signal?
Nifty has rebounded 8% in April after a sharp March correction but remains below pre-war levels, signalling cautious recovery. The bounce is driven by short covering and selective buying, while persistent FII outflows, elevated crude prices and geopolitical risks continue to weigh on sentiment despite improving valuations.
Buy, Sell or Hold: DAM Capital initiates coverage on Orkla India; Citi maintains sell on Dr Reddy's Laboratories
Brokerages remain selective on Indian equities, balancing stock-specific optimism with caution. DAM Capital initiated coverage on Orkla India with a ‘Buy’, citing spices-led growth, while Morgan Stanley stayed bullish on ICICI Prudential Life. In contrast, Citi maintained a ‘Sell’ on Dr. Reddy’s due to regulatory hurdles and uncertainty around the Semaglutide opportunity, highlighting a mixed sector outlook.
Indus Towers: Jefferies cuts rating to underperform, gives reasons for bear outlook
Jefferies downgraded Indus Towers to underperform, cutting its target amid contract renewal risks, rising capex, and competitive pressures. Potential tenant discounts, lower renewals, and high maintenance costs may weaken revenues, earnings growth, and limit dividend payouts over the medium term.
Ceasefire not good for stock market? BNP Paribas cuts Nifty target for 2026, but picks 9 stocks
BNP Paribas turned cautious on India’s markets after the crude spike, cutting its 2026 Nifty target to 25,500 and warning of fiscal and earnings pressure. Still, the brokerage sees opportunities in defensives and strong private-sector lenders, naming nine stocks—including M&M, Infosys, Titan and HDFC Bank—as likely outperformers.
J.P.Morgan, Morgan Stanley urge buying the dip as US earnings stay resilient
Wall Street brokerages J.P. Morgan and Morgan Stanley see recent market weakness as a buying opportunity, backed by resilient earnings growth. Despite Middle East tensions, the S&P 500 has rebounded from March lows, with strategists viewing the pullback as a correction rather than a prolonged downturn, supported by improving valuations.
Anthropic's new Claude Mythos model: A new threat in the waiting for Indian IT stocks?
Indian IT stocks may face fresh turbulence as Anthropic’s preview model, Mythos, raises disruption risks. Analysts warn its sharp gains in software engineering tasks mark a “step-jump,” not incremental progress, potentially pressuring valuations. Kotak says the leap could have meaningful implications for IT services firms, narrowing adaptation time and intensifying concerns over near-to-medium term demand, pricing power, and margins.
Acme Solar Holdings shares jump 4% after HSBC initiates buy with 28% upside
Shares of Acme Solar Holdings rose sharply on Monday after HSBC initiated coverage with a ‘Buy’ rating and 28% upside. The brokerage expects strong project execution, capacity additions, lower financing costs, and improved cash-flow visibility to drive returns, backed by disciplined bidding and a robust renewable energy pipeline.
BSE loses ‘cheap’ tag post 80% rally in one year. Can Q4 performance, NSE IPO drive rerating?
Shares of BSE have surged nearly 80% in a year, backed by strong derivatives growth and operating leverage. Experts see Q4 earnings and the potential National Stock Exchange of India IPO as key triggers for further rerating, though they advise investors to buy on dips amid elevated valuations and sustained momentum.
Buy, Sell or Hold: Morgan Stanley resumes coverage on UPL; Emkay Global initiates coverage on D-Mart
Brokerages are selectively positive on the market. Goldman Sachs recommends Solar Industries with a buy rating. Morgan Stanley resumes coverage on UPL with an equal weight rating. Emkay Global initiates coverage on Avenue Supermarts with a sell rating. Structural growth themes remain strong, but companies are being differentiated by pricing power and growth visibility.
Defence stocks set for mixed Q4; Nuvama bets on BEL, Solar Industries, and a smallcap pick
Defence sector companies anticipate mixed Q4FY26 results despite strong order books. Nuvama Institutional Equities highlights BEL, Data Patterns, and Solar Industries as top picks. While order inflows remain robust, growth momentum is expected to moderate. Defence stocks have seen a strong rebound in April, with further action anticipated following earnings announcements and geopolitical developments.
Oil prices to settle at $75-80 in 2 months, Nifty to touch 29K by March 2027, says Emkay. Here’s why
Emkay Global Financial Services expects crude oil to stabilise at $75–80 within two months and sees the Nifty 50 hitting 29,000 by March 2027. A potential Iran–US peace deal, easing energy pressures and steady earnings growth are seen driving a rebound in Indian equities despite near-term macro headwinds.
Wipro slides 23% in 3 months, turns Nifty's worst performer. Can buyback, Q4 nos. reverse trend?
Wipro shares have plummeted 23% in three months, becoming the Nifty's worst performer, impacted by weak Q3 results and sector-wide AI concerns. Despite a recent 8% gain in April, analysts remain cautious due to weak growth guidance and integration pressures. The company's upcoming Q4 results and potential share buyback will be key triggers.
Ceasefire calm or chaos? 50 stocks that brokerages expect to rally after Iran truce
A two-week US-Iran ceasefire has sparked a relief rally in Indian equities, though its sustainability is questioned as oil prices rebound. Brokerages identify around 50 stocks across sectors, favoring those with strong fundamentals and domestic demand exposure, as markets shift to selective positioning amid ongoing geopolitical uncertainty.
A strange world: Nithin Kamath says hospitals saving lives are valued less than brokerages
Zerodha CEO Nithin Kamath highlighted the valuation gap between hospitals and brokerages, noting that life-saving institutions like Narayana Health are valued far less than trading platforms, despite their societal impact.
Housing finance stocks near inflection point, Bernstein picks 2 favourites
Affordable housing finance stocks are nearing a turning point. Bernstein highlights attractive valuations and improving growth and asset quality. HomeFirst and Aadhar Housing Finance are named as preferred investments. The sector is poised for a turnaround, offering significant upside potential for investors. This presents a favorable entry point for the segment.
Crude is now less rude: What $90 oil means for your stocks, rupee, Indian economy
Global oil markets may be entering a structurally higher price regime, with Brent expected to remain elevated despite a US-led Israel-Iran ceasefire. India faces near-term relief but faces risks of imported inflation and a widening current account deficit. While valuations are attractive, sustained foreign investor inflows hinge on West Asian stability and declining crude prices.
Depressed tech valuations could offer entry point for investors, Goldman Sachs says
Since 2025, several factors have contributed to the relative weakness of the broader technology sector, promptinginvestors to rotate into value-driven stocks.
Rs 61,000 crore FII sell-off hits bank stocks. Cheap enough for you to buy now?
Foreign investors divested a massive Rs 60,655 crore from Indian bank stocks in March, a significant portion of their total equity withdrawals. Despite this selloff, analysts now see compelling valuations for long-term investors, with some brokerages upgrading key banking counters. While sectors like auto and construction also saw outflows, IT experienced modest selling, and capital goods attracted buying.
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