Brokerages Release Fresh Views On Top Stocks
A host of global and domestic brokerages have released fresh views on Adani Ports & SEZ Ltd., Jindal Steel & Power Ltd., Kotak Mahindra Bank Ltd., HDFC Bank Ltd., Castrol India Ltd., Lupin Ltd. and Lenskart Ltd. ahead of Friday’s session. They have also shared their outlook on the ports, steel, banking, FMCG and consumer sectors, alongside broader cross-sector trends.
Adani Ports & SEZ Ltd.
Jefferies maintains a Buy rating with a target price of Rs 1,880. The Abbot acquisition adds around 7% capacity and is seen as broadly neutral in the near term. The brokerage awaits clarity on consolidation timelines. Current estimates factor in the acquisition from FY27, along with expected equity dilution. A full-year FY26 consolidation could add around 8% to volumes and 6% to EBITDA.
This is broadly in line with the company’s revised pro-forma guidance. A strong balance sheet enables the acquisition at this stage. The NQXT acquisition enhances visibility on international expansion. For more information on Adani Ports Share Price, visit our website.
Jindal Steel & Power Ltd.
Kotak Securities maintains a Buy rating but has cut the target price to Rs 1,150 from Rs 1,250. Near-term market headwinds are expected to weigh on earnings. Steel prices are seen softening further in Q3 FY25. Margins are likely to remain under pressure in the near term. Multiple accretion drivers remain in place. New capacity additions are expected to drive volume and earnings growth over time.
Channel checks indicate 6–8% price hikes in the cables and wires industry so far in Q3. Price hikes are being driven by a sharp rise in copper prices. This could lead to near-term inventory gains on margins and channel stocking on volumes. For more information on Jindal Steel Share Price, visit our website.
Kotak Mahindra Bank Ltd.
Citi maintains a Buy rating with a target price of Rs 2,565. The bank is expected to outperform on sequential growth and deliver over 16% year-on-year growth. With limited yield repricing pressure, mix changes will drive yield trajectory. Net interest margins are expected to improve gradually. Operating expenses are likely to remain under control.
Citi maintains a Buy rating with a target price of Rs 1,200. The brokerage expects relatively stronger core operating performance in the second half. HDFC Bank is likely to outpace system credit growth. The bank continues to gain market share in deposits. Deployment of excess liquidity into lending could improve the loan-to-deposit ratio. Net interest margins are expected to expand in the third quarter. For more information on Kotak Mahindra Bank Share Price, visit our website.
HDFC Bank Ltd.
Citi maintains a Buy rating with a target price of Rs 1,200. The brokerage expects relatively stronger core operating performance in the second half. HDFC Bank is likely to outpace system credit growth. The bank continues to gain market share in deposits. Deployment of excess liquidity into lending could improve the loan-to-deposit ratio. Net interest margins are expected to expand in the third quarter.
Avendus Spark maintains a Buy rating with a target price of Rs 2,445. The brokerage believes Lupin’s validated complex generics platforms outweigh near-term earnings concerns. Investor worries around a potential FY27 earnings cliff remain. The market is seen as underestimating the importance of recent platform validations and approvals. For more information on HDFC Bank Share Price, visit our website.
Lupin Ltd.
Avendus Spark maintains a Buy rating with a target price of Rs 2,445. The brokerage believes Lupin’s validated complex generics platforms outweigh near-term earnings concerns. Investor worries around a potential FY27 earnings cliff remain. The market is seen as underestimating the importance of recent platform validations and approvals.
Avendus Spark initiates coverage with an Add rating and a target price of Rs 490. The brokerage highlights Lenskart’s vision-led growth across domestic and international markets. Growth drivers include store expansion, customer acquisition, premiumisation and volume growth. Consolidated revenue is expected to grow at a 21% CAGR over FY25–28. EBITDA margins are expected to expand by around 550 basis points over the same period.
Margin expansion is supported by better product mix, premiumisation and operating leverage. The vertically integrated retail and manufacturing model is seen delivering a superior consumer value proposition. For more information on Lupin Share Price and Lenskart Share Price, visit our website.