Archive · 5 Oct 2026
Jefferies Names Six Indian Stocks ‘Buy’ With Upside
Jefferies is a company that studies businesses and shares its views with investors.
In reports dated October 4–5, 2026, it said six Indian companies are worth a closer look and rated them ‘Buy’.
It compared each share price in its reports with a higher target price.
The estimated gap ranges from about 19% for InterGlobe Aviation to about 36% for Adani Enterprises.
Jefferies called Bajaj Finance and AU Small Finance Bank top picks.
It also began recommending Dhoot Transmission, a maker of wiring systems for vehicles.
The companies’ growth plans include lending, electric vehicles and airport improvements.
These are Jefferies’ estimates, not guaranteed results, and the reports also mention risks.
Jefferies rates six Indian companies ‘Buy’, with stated potential upside ranging from about 19% to 36%.
The picks are InterGlobe Aviation, Dhoot Transmission, HDFC Bank, AU Small Finance Bank, Bajaj Finance and Adani Enterprises.
Adani Enterprises has the highest stated upside at about 36%; InterGlobe Aviation has the lowest at about 19%.
Jefferies identifies Bajaj Finance and AU Small Finance Bank as top picks and newly initiates coverage of Dhoot Transmission with ‘Buy’.
The reports cite growth drivers including lending, deposits, electrification, aviation and airport development, while also noting company-specific risks.
- Who
- Jefferies and the six companies it rates ‘Buy’: InterGlobe Aviation, Dhoot Transmission, HDFC Bank, AU Small Finance Bank, Bajaj Finance and Adani Enterprises.
- What
- Jefferies reports give the six stocks ‘Buy’ ratings, with stated potential upside of about 19% to 36% based on cited prices and target prices.
- When
- Jefferies research reports dated October 4–5, 2026.
- Where
- India; the companies and stocks covered are Indian businesses.
- Why
- Jefferies cites company-specific growth prospects, including lending, deposits, vehicle electrification, aviation and airport development.
Jefferies’ case for the stocks
Risks and qualifications cited
Growth prospects
Jefferies’ case for the stocks
Jefferies points to lending and deposit growth, vehicle electrification, airline-market position and airport development as potential business drivers.
Risks and qualifications cited
The reports also flag risks, including higher crude and aviation fuel prices, currency depreciation, operational disruption, execution challenges and possible leverage concerns.
Share-price upside
Jefferies’ case for the stocks
Based on the prices and targets cited in the reports, the estimated upside ranges from about 19% to 36%.
Risks and qualifications cited
The percentages are brokerage estimates based on stated target prices and cited prices; they do not guarantee future share performance.
- Number of stocks
- Six
- Rating
- All six carry a Jefferies ‘Buy’ rating
- Lowest stated upside
- InterGlobe Aviation: about 19%
- Highest stated upside
- Adani Enterprises: about 36%
- Top picks named
- Bajaj Finance and AU Small Finance Bank
- Newly initiated coverage
- Dhoot Transmission, with a ‘Buy’ rating
- Report dates
- October 4–5, 2026