Stock Picks Today: Top Brokerage Calls for Indian Investors
Indian stock markets are abuzz with activity as top brokerages share their insights and target prices for key stocks. In this article, we will delve into the latest brokerage calls for Titan, HAL, ICICI Bank, Aegis Logistics, and APL Apollo Tubes, and what they mean for Indian investors.
Titan Company Ltd.
Titan Company Ltd. has been initiated with a ‘buy’ call by Nomura, with a target price of Rs 4,275. The brokerage firm expects demand to remain steady, with organised players growing 1.5x faster than the industry at mid-teens+. The headwinds are largely behind, and sales growth and margins are expected to reset to new normal levels. The Q2 results are likely to be weak, but Nomura sees it as a good entry point, expecting a recovery from H2.
Hindustan Aeronautical Ltd.
Hindustan Aeronautical Ltd. has been maintained with a ‘buy’ call by Nomura, with a target price of Rs 6,100. The brokerage firm expects the robust order book to bolster further, estimating it to amount to Rs 2.45 lakh crore by the end of Q2. The commencement of the supply of engines by GE is a significant positive, and the delivery of LCA Mk1A aircraft is expected to get streamlined going forward.
ICICI Bank Ltd.
ICICI Bank Ltd. has been maintained with a ‘buy’ call by Citi, with a target price of Rs 1,700. The brokerage firm expects profitable growth to focus on advances growth to industry average, with HL/PL disbursements reviving a tad. SME is expected to sustain traction, though it will moderate from 30% levels. Yield repricing is partially offset by SA/TD rate cuts, LDR expansion, bulk/wholesale deposit run-downs, and the absence of seasonal KCC slippage drag.
Aegis Logistics Ltd.
Aegis Logistics Ltd. has been maintained with an ‘overweight’ call by JPMorgan, with a target price of Rs 895. The brokerage firm expects LPG imports to rise swiftly, with GAIL’s pipeline capacity expansion news being a positive. The oil/gas logistics story is underappreciated, and JPMorgan expects it to play out in the coming months.
APL Apollo Tubes Ltd.
APL Apollo Tubes Ltd. has been maintained with a ‘buy’ call by UBS, with a target price of Rs 2,000. The brokerage firm expects the company’s strategy of launching ‘SG Premium’, a brand to take competition head-on, to be a step in the right direction. The narrowing price gap versus peers while leveraging its deep connects with the dealer network can impact peers’ offtake.
Other Key Stocks
Other key stocks that are on the radar of brokerages include Marico, Trent, M&M, Phoenix Mills, HDFC Bank, ICICI Lombard, Ultra Tech Cement, Infosys, Adani Ports and SEZ, Divi’s Lab, and NTPC. HSBC’s Prerna Garg expects a slow recovery in earnings and low foreign fund positioning to make the market positive. The recent demand-side measures are positive for the consumer sector, and auto sales are also set to benefit.
Indian IT Sector
The Indian IT sector has been in the news, with Accenture’s results indicating an acceleration in demand. However, the sector is expected to face challenges due to AI disruption, GCC trend, increased competitive intensity, and the US regulatory backdrop. Jefferies expects muted growth guidance to weigh on Indian IT, with Accenture’s organic revenue growth guidance in FY26 suggesting a steady to moderating revenue growth outlook for the next FY.
Conclusion
In conclusion, the Indian stock market is expected to be driven by a mix of factors, including earnings growth, macroeconomic trends, and sector-specific developments. Investors should keep a close eye on the latest brokerage calls and stay informed about the key stocks that are on the radar of top brokerages. With the right strategy and a long-term perspective, investors can navigate the market and achieve their financial goals.
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