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Stock Recommendations Today: Defence, IndusInd Bank, Piramal Pharma On Brokerages' Radar
- Jefferies highlighted Defence sector, IndusInd Bank Ltd., and Piramal Pharmaceuticals Ltd. as top companies on brokerages' radar, with a focus on defence indigenisation leading to double-digit revenue growth for Indian defence companies.
- Jefferies added Ambuja Cement Ltd. and Bharat Electronics Ltd. to its model portfolio, while trimming Shriram Finance Ltd. and Coal India Ltd.
- Investec downgraded IndusInd Bank to 'sell', citing potential structural impairment in core operating profitability and uncertainty due to lack of clarity in leadership.
- Morgan Stanley maintained an 'equal-weight' rating for IndusInd Bank, noting significant downside risk to earnings estimates for fiscal 2025–2027.
- Goldman Sachs maintained a 'buy' rating for Piramal Pharma but lowered the target price, expecting recovery in fiscal 2027 with a revenue goal of $2 billion by financial year 2030.
- Jefferies finds current valuations unfavourable for Indian equities, with downside risk to earnings despite supportive capital flows, adding Ambuja Cement and Bharat Electronics to its model portfolio.
- CLSA Price Action suggests bullish trends for Nifty 50, NSE Midcap, and NSE Smallcap indices, with targets and critical support levels outlined for each.
- Morgan Stanley maintained an 'underweight' rating for PB Fintech, anticipating moderating premium growth in fiscal 2026 due to a high base effect.
- CLSA raised the target price for Crompton Consumer and highlighted margin improvement and new business strategies, despite muted growth in the lighting segment.
- Jefferies maintained a 'buy' rating for V-Guard, noting healthy performance and turning debt-free, despite a slight EPS estimate cut for financial year 2026–27.
- NDTV Profit is a subsidiary of AMG Media Networks Limited, an Adani Group Company.
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