Donald TrumpMar 07
Stocks to BUY: Sun Pharma, Adani Ports among 6 picks tipped for big gains – full list inside!
- Written by Shweta Birendra Shukla
Published: Zee Business| Updated: Zee Business
Indian equities ended the last trading session of the week on a weak note, tracking muted global cues amid holiday-thinned trade. The Nifty 50 slipped below the 26,100 mark, closing at 26,042.30, down 99.80 points or 0.38 per cent. The BSE Sensex also settled lower, shedding 367.25 points or 0.43 per cent to close at 85,041.45 on Friday. Amid this backdrop, domestic and foreign brokerage houses have shared their views on select stocks. Brokerages have maintained ‘Buy’ or ‘Add’ ratings on a range of names, including Adani Ports, Sun Pharma, Jindal Steel, Lupin and Lenskart, reflecting stock-specific conviction despite the broader market sluggishness.
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Adani Ports Share Price Target
1/7Global brokerage Jefferies has maintained its ‘Buy’ rating on Adani Ports, assigning a target price of Rs 1,880 per share. The brokerage said the Abbott Port acquisition is expected to add around 7 per cent to capacity, though the near-term impact is likely to be neutral. Jefferies noted that it is awaiting greater clarity on the consolidation timeline. Current estimates factor in the acquisition and potential equity dilution from FY27E onwards, the brokerage added.
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Sun Pharma Share Price Target
2/7Kotak Institutional Equities has maintained its ‘Buy/Add’ rating on Sun Pharma with a target price of Rs 1,975 per share. The brokerage remains confident about the company’s pharmaceutical portfolio and its long-term growth outlook.
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Castrol India Share Price Target
3/7Kotak Institutional Equities has also maintained a positive stance on Castrol India, assigning an ‘Add/Buy’ rating with a target price of Rs 189 per share.
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Jindal Steel Share Price Target
4/7Kotak Securities has maintained a ‘Buy’ rating on Jindal Steel, setting a target price of Rs 1,250 per share. The brokerage expects support from a favourable steel demand environment and an improving margin outlook.
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Lupin Share Price Target
5/7Avendus Spark has maintained a ‘Buy’ rating on Lupin and set a target price of Rs 2,445 per share. The brokerage remains positive on the company’s US business prospects and product pipeline, which it believes will support growth going ahead.
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Lenskart Share Price Target
6/7Avendus Spark has initiated coverage on Lenskart with a ‘Buy’ rating and set a target price of Rs 490 per share. The brokerage believes the company’s strong brand recall and omni-channel business model will continue to support its growth going forward.
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Castrol Share Price Target
7/7Kotak Securities has maintained an ‘Add’ rating on Castrol India with a target price of Rs 215 per share.
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