Stock Picks Today: Bank of Baroda, Maruti Suzuki, Urban Company, BEL On Brokerage Radar

Bank of Baroda Ltd., Maruti Suzuki Ltd., Urban Company Ltd., Bharat Electronics Ltd., and Godrej Consumer Products Ltd. are among companies that have drawn commentary from top brokerages on Monday.

Bank of Baroda

Analysts have tweaked share price targets after these companies announced their September quarter results. Investec has upgraded Bank of Baroda to ‘Buy’ from ‘Hold’ and hiked the target price to Rs 325 from Rs 250, citing strong growth and RoA delivery. Citi maintains a Buy rating and raises the target price to Rs 350 from Rs 310, justifying the positive coverage with strong all-round performance.

NII led PPOP beat, lower credit costs help deliver robust RoA. Healthy loan growth driven by retail and Agri, TD and CA lead deposit growth. Robust asset quality, GNPA/NNPA continue to improve. For more information on Bank of Baroda share price, click here.

Maruti Suzuki

Jefferies notes a strong October for auto wholesales, with Indian auto OEMs recording solid wholesale growth, except Hyundai. Passenger vehicle wholesales are estimated to be up 17% year-on-year, tractors up 10%, and trucks up 8%. Post-GST cuts and strong festive season drove registrations up 52% year-on-year for two-wheelers and 15% for passenger vehicles.

Bank of America maintains an Overweight rating and raises the target price to Rs 18,489 from Rs 18,360, citing Maruti expanding market reach, even displaying helmets in car showrooms. Suzuki is making strategic moves to revive and expand India’s car market. For more on Maruti Suzuki share price target, read more.

Urban Company

Urban Company reports 90% year-on-year growth in the festive period, with 200,000 bookings and three weeks of inventory, indicating a strong Q3. Citi maintains a Hold rating and raises the target price to Rs 119 from Rs 117, citing second quarter results broadly in line. Key metrics such as NTV and annual transacting users are slightly ahead of estimates.

Growth accelerated in core India consumer segment excluding Insta. Clarity provided on profitability outlook, international breakeven, and continued investment in Insta. For more information on Urban Company share price target, click here.

BEL and Godrej Consumer

Jefferies maintains a Buy rating and raises the target price to Rs 210 from Rs 206 for BEL, citing trading performance strong and tariff hike key driver. A 10% tariff hike could add around 11% to fair value. Positive on transmission volume recovery prospects.

Citi maintains a Buy rating and revises the target price to Rs 215 from Rs 220 for BEL, citing gas trading performance strong and transmission improving. Petrochemicals remain subdued. For more on BEL share price target and Godrej Consumer share price target, read more.

Other Stocks in Focus

Other stocks that are in focus today include Reliance Industries, Varun Beverages, and various industrial and consumer stocks. Reliance is expected to unlock $50 billion value from New Energy and AI ventures. Varun Beverages continues to scale domestic and global operations.

For more information on Reliance Industries share price target, Varun Beverages share price target, and other stock market news today, click on the respective links.