Archive · 7 Aug 2026
Jefferies gives Buy ratings to ONGC, PB Fintech, Bharti Airtel
A stock is a tiny piece of a company that people can buy.
Sometimes experts study companies and tell everyone which stocks they think will grow.
Jefferies is a big expert company, called a brokerage house.
It studied three companies: ONGC, PB Fintech, and Bharti Airtel.
Jefferies said these stocks could go up by as much as 30 percent.
Stocks do not always go up, though, and betting on them can lose money.
ONGC finds oil and gas but is producing less of it than hoped.
PB Fintech helps people buy insurance online through a website called Policybazaar.
Bharti Airtel provides mobile phone service and is gaining new customers.
That is why the experts think these three companies have a bright future.
Jefferies issued 'Buy' ratings on three large-cap stocks—ONGC, PB Fintech, and Bharti Airtel—with up to 30% upside potential from current levels.
ONGC delivered quarterly earnings ahead of expectations, helped by lower losses at HPCL and lower exploration costs, though crude and natural gas production remained weaker than expected.
Krishna-Godavari (KG) basin production declined from a recent peak of 35kbpd crude/3.2 mmscmd to 21kbpd/1.5mmscmd due to reservoir complexity issues.
PB Fintech, parent of Policybazaar, reported strong revenue growth with healthy premium growth and improving insurance policy renewals, but profitability missed estimates because advertising and operating expenses rose faster than expected.
Bharti Airtel's revenue and operating profit beat estimates on higher mobile subscribers, improved ARPU, strong growth in Airtel business and Africa, and healthy free cash flow, though adjusted profit fell short due to higher depreciation, finance costs, and taxes.
- Who
- The global brokerage house Jefferies, covering India-based companies ONGC, PB Fintech, and Bharti Airtel.
- What
- Jefferies issued 'Buy' recommendations on the three stocks, citing upside potential of up to 30% and long-term growth prospects.
- When
- Following the companies' June quarter results, referred to as their first-quarter numbers.
- Where
- India, where the recommended companies and the reporting publication Financial Express operate.
- Why
- Jefferies is bullish because of improving earnings, stronger business fundamentals, and future growth triggers including possible tariff hikes at Bharti Airtel and production growth at ONGC.
- Brokerage
- Jefferies
- Rating
- Buy (all three stocks)
- Stocks
- ONGC, PB Fintech, Bharti Airtel
- Upside potential
- Up to 30% from current levels
- ONGC earnings
- Above estimates on lower HPCL losses and lower exploration costs
- KG basin production decline
- From 35kbpd crude/3.2 mmscmd to 21kbpd/1.5mmscmd
- PB Fintech
- Parent company of Policybazaar
- Bharti Airtel Q1 result
- Revenue and operating profit beat; adjusted profit missed on depreciation, finance costs, taxes