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Citi has given ‘sell’ calls on three Indian IT majors: TCS,
Tech Mahindra
and
LTIMindtree
. The broking house has a target price of Rs 3,935 (-12%) on TCS, Rs 1,475 (-21%) on Tech Mahindra and Rs 5,710 (-18%) on LTIMIndtree. These three IT stocks have been downgraded due to weak demand visibility.
Jefferies continues with its ‘buy’ call on
PI Industries
but has cut the target price to Rs 4,865 from Rs 5,100. The TP cut came on the back of expected lower growth in coming quarters. Analysts at Jefferies believe new products should drive growth in the next fiscal (FY26).
Goldman Sachs has a ‘buy’ recommendation on Aurobindo Pharma with a target price of Rs 1,525 (+22%). Analysts feel the company should commence the process of monetisation of biosimilars. Also the company has significant investments aimed which could turn out to be a new lever for growth.
Elara Securities has upgraded BEML to a ‘reduce’ recommendation from ‘sell’ on BEML with a target price of Rs 4,190 (-6%) given strong order visibility and room for margin improvement for the company.
Axis Securities has come out with a report on stocks that have the highest dividend yields. Among the large caps, Vedanta (Dividend yield: 9%), Coal India (6%) and Hindustan Zinc (6%) top the table. Among the midcap stocks, HPCL (6%), Nalco (4%) and NMDC (3%) topped the table while among the small caps the top three are Aster DM Healthcare (25%), Xchanging Solutions (16%) and Chennai Petroleum (9%).
Disclaimer: The opinions, analyses and recommendations expressed herein are those of brokerages and do not reflect the views of The Times of India. Always consult with a qualified investment advisor or financial planner before making any investment decisions.
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