Stock Picks Today: IndusInd Bank, Torrent Pharma, GAIL Among Others On Brokerages’ Radar
In today’s market update, several Indian stocks are garnering attention from top brokerages, with analysts sharing their insights and revising target prices based on their updated fundamental outlooks.
IndusInd Bank: Citi Maintains Buy, Hikes Target Price to Rs 4,380
Citi has maintained its ‘Buy’ rating on IndusInd Bank with a target price of Rs 4,380, up from Rs 4,000 earlier. The analysts noted a healthy, in-line quarter with solid market traction, with adjusted EBITDA margin seen at 32.9%, a minimum level for coming quarters. Citi believes margin expansion will continue, driven by operating leverage in branded segments and potential US recovery.
Torrent Pharma: Citi Maintains Sell with a Target Price of Rs 765
Citi has maintained its ‘Sell’ rating on Torrent Pharma with a target price of Rs 765. The analysts see an earnings reset in progress, with focus on the CEO appointment. Slippages normalized after Q1 one-offs but remain elevated, and they expect weaker growth and higher credit cost, partly offset by better NIM and treasury gains.
Other Stocks in Focus:
- Adani Green: Morgan Stanley Maintains Underweight with a Target Price of Rs 750
- Go Digit: Morgan Stanley Maintains Underweight with a Target Price of Rs 650
- GAIL: Macquarie Maintained Outperform with a Target Price of Rs 1,200
- IEX: Bernstein Downgraded to Underperform from Market-perform with a Target Price of Rs 99
- Ajanta Pharma Ltd.: Jefferies Maintained Buy with a Target Price of Rs 3,320
- BEL: Morgan Stanley Maintained Overweight with a Target Price of Rs 418
- Amber Enterprises: JPMorgan Maintained Neutral with a Target Price of Rs 7,350
- Motherson Sumi Wiring: UBS Maintained Buy with a Target Price of Rs 450
- CarTrade Tech Ltd.: Nomura Maintained Buy with a Target Price of Rs 2,388
Conclusion:
Today’s market update highlights the importance of staying informed about the latest analyst calls and stock picks from top brokerages in the Indian market. With several stocks garnering attention, investors and traders would do well to keep a watchful eye on these developments and adjust their portfolios accordingly.