Mahindra & Mahindra (M&M)
Jefferies rates M&M as a strong buy with a target price of Rs 4,500, signaling a 21% upside. The brokerage highlights M&M’s robust product pipeline in electric and ICE SUVs and expects value unlock from exports, aerospace, and hospitality ventures.
Home First Finance
Bernstein maintains an ‘Outperform’ rating with a Rs 1,650 target price, implying 38% upside. Despite a soft quarter, the company shows resilience in affordable housing finance with improving margins and fee mix, though loan growth and credit costs need monitoring.
Reliance Industries
Motilal Oswal keeps a Buy rating on RIL with a target of Rs 1,765 (16% upside). The focus is on its new energy business scaling up in FY27, along with strong valuations for RJio, Reliance Retail, and New Energy segments.
Bharti Airtel
Jefferies prefers Bharti Airtel in telecom due to strong Q2 growth, including an 11% YoY revenue rise, driven by rising ARPU and margin improvement.
Axis Bank
UBS upgraded Axis Bank to Buy, lifting the price target to Rs 1,500 from Rs 1,300, suggesting 17% upside. The bank benefits from easing liability pressures, stabilized asset quality, and improving sector liquidity.
Adani Enterprises
Jefferies’ Buy rating with a Rs 2,940 target (20% upside) follows the approval of a Rs 14,500 crore Jaypee Associates resolution plan, enhancing Adani’s presence in cement, power, real estate, and roads.
Lodha Developers
Motilal Oswal is optimistic with a 58% upside target price of Rs 1,888. Housing demand recovery, affordability, and a shift to large developers drive the positive outlook.
Adani Green Energy
JM Financial initiated coverage with a Buy and a Rs 1,289 target price, implying 21% upside. The company’s operational capacity and steady revenue streams underscore its growth potential.Torrent Power
Jefferies recommends Torrent Power with a Rs 1,485 target (15% upside), noting steady growth, strong ROE, and lower debt among Indian power utilities.
WeWork India
Jefferies initiated coverage with a Buy and a Rs 790 target price, forecasting a 23% upside. WeWork India leads the flexible workspace market with premium positioning and growing enterprise demand.
These recommendations from top brokerages highlight promising opportunities across sectors for investors aiming to capture growth in 2025-26.
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INDIA
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