Stocks to Buy: Analysts bullish on Bajaj Finance, BPCL, Trent, IndiaMART, others; note down targets
Stocks to Buy: Check out target prices given by analysts at Jefferies, Morgan Stanley, JP Morgan, Citi and more
Brokerage giants—both domestic and global—have updated their outlooks and target prices for key stocks across sectors like finance and real estate. Leading firms including Jefferies, Morgan Stanley, JP Morgan, and Citi have turned their attention to top-performing names such as Bajaj Finance and Trent, among others. Here's a roundup of the latest calls from analysts driving investor sentiment.
(Disclaimer: The views/suggestions/recommendations expressed here in this article are solely by investment experts. Zee Business suggests its readers consult their investment advisers before making any financial decision.)
Bajaj Finance: Jefferies is optimistic
Jefferies still recommends buying the stock and has raised its target price to Rs 10,440 (from Rs 9,270), despite some pressure on profits in the last quarter.
Global brokerages remain confident in Bajaj Finance
Big firms like HSBC (Rs 10,800 target), CLSA (Rs 11,000), and Morgan Stanley (Rs 10,500) still believe in Bajaj Finance’s strong performance going forward.
Axis Securities on Bajaj Finance
Axis Securities has also given a 'buy' call on Bajaj Finance shares with a Rs 10,500 target price, expecting BAF to deliver consistent AUM growth.
Trent stock rising — Citi most optimistic
Citi sees big potential in Trent and raised its target to Rs 7,600. Jefferies (Rs 5,900) and Goldman Sachs (Rs 6,970) also raised their targets, praising the brand’s strength and steady profits.
More support for Trent from Macquarie and Morgan Stanley
Macquarie set a Rs 7,200 target, and Morgan Stanley put it at Rs 6,359. Both like Trent’s solid retail business, even with some margin pressure.
JM Financial sees value in IndiaMART
JM Financial maintains a 'buy' 'on IndiaMART with a target price of Rs 2,570, citing a positive surprise in collections growth driven by Busy Infotech, though noting that near-term upside may be limited due to continued high churn in Silver-tier customers and a strategic shift toward product improvements over customer acquisition.
JM Financial still likes Hexaware Technologies
JM Financial kept a ‘buy’ rating on Hexaware Technologies shares with a target price of Rs 860, even though the latest results were a bit weak.
Prestige Estates gets mixed reviews
Citi still has a ‘buy’ call with a Rs 1,600 target, but Morgan Stanley is more cautious and downgraded it with a lower target of Rs 1,370.
CLSA remains upbeat on Prestige Estates
CLSA is more positive than others, keeping an ‘Accumulate’ rating and setting a high target of Rs 2,380, showing strong faith in its growth.
BPCL: A strong bet
Jefferies, JP Morgan, and Citi all recommend buying BPCL, with targets of Rs 370, Rs 417, and Rs 390, pointing to good refining results and strong performance in the latest quarter.