2 weeks ago
Top Brokerages Bullish on 8 Stocks With Up to 42% Upside
Big financial research companies, called brokerages, study businesses that sell shares to the public.
After those companies shared their first-quarter results, the brokerages wrote reports saying they believe eight of them will do well.
When a brokerage likes a stock, it gives a 'target price' — the price it thinks the share could reach.
The reports suggest the shares could rise by about 9% to 42%.
The eight companies make aircraft, trucks and auto parts, run hospitals, sell eyewear, trade gold and other commodities, build water treatment plants, and sell life insurance.
The analysts point to strong sales, growing demand, and big order backlogs.
For example, hospital chain Apollo Hospitals grew its revenue by 21% from last year, and aircraft maker HAL has an order book of about $26 billion.
But these predictions are not guarantees, and stock prices can go down as well as up, so investors should always do their own research first.
Brokerages including JP Morgan, Jefferies, Morgan Stanley, CLSA, HSBC and BNP Paribas issued positive calls on eight Indian stocks after Q1FY27 results, with upside of roughly 9% to 42%.
Motilal Oswal and CLSA reiterated 'Buy'/'Outperform' ratings on Hindustan Aeronautics with targets of Rs 5,800 and Rs 5,481, citing an order book of around $26 billion.
Apollo Hospitals drew three positive calls from JM Financial, Motilal Oswal and Morgan Stanley after Q1 revenue rose 21% year-on-year, with targets ranging from Rs 10,158 to Rs 10,446.
JP Morgan, Jefferies and Morgan Stanley backed MCX on a proposal to allow foreign portfolio investors into physically settled non-agricultural commodity derivatives.
SBI Life Insurance saw the biggest upsides of around 40% to 42%, with Jefferies targeting Rs 2,600 and BNP Paribas Rs 2,670.
- Who
- Brokerages including JP Morgan, Jefferies, Morgan Stanley, BNP Paribas, HSBC, CLSA, Motilal Oswal, JM Financial and Emkay Global, and the eight companies they rate: Hindustan Aeronautics (HAL), Tata Motors Commercial Vehicles, Bharat Forge, Apollo Hospitals Enterprise, MCX, Lenskart Solutions, VA Tech Wabag and SBI Life Insurance.
- What
- Positive 'Buy', 'Outperform' and 'Overweight' ratings with target prices implying stock upside of roughly 9% to 42%.
- Where
- India's stock market — all eight companies are Indian listed firms.
- When
- Following the Q1FY27 quarterly results season.
- Why
- Strong Q1FY27 earnings, improving margins, order-book visibility, new capacity, defence spending, rising commodity-market participation and better demand trends.
Key facts
- Stocks covered
- 8 — HAL, Tata Motors CV, Bharat Forge, Apollo Hospitals, MCX, Lenskart, VA Tech Wabag, SBI Life
- Implied upside range
- Roughly 9% to 42%
- Highest projected upside
- SBI Life — BNP Paribas target Rs 2,670 (about 42%)
- HAL order book
- Around $26 billion; CLSA sees about Rs 10.3 lakh crore opportunity over the next decade
- Apollo Q1FY27 growth
- Revenue +21% YoY; EBITDA +28%; PAT +34%
- MCX catalyst
- Proposed FPI access to physically settled non-agricultural commodity derivatives
- VA Tech Wabag order book
- Around Rs 19,400 crore; bid pipeline of about Rs 40,000 crore
- Brokerages cited
- JP Morgan, Jefferies, Morgan Stanley, BNP Paribas, HSBC, CLSA, Motilal Oswal, JM Financial, Emkay Global
Quotes
Santanu Chakrabarti
Analyst, BNP Paribas India
“Analyst Santanu Chakrabarti said SBI Life’s APE grew 13% year‑on‑year in FY26, while VNB increased around 12.1% to Rs 6,670 crore.”
financialexpress.com










