Shares of Adani Enterprises surged as much as 3.4% on Monday to Rs 2,610 on the BSE, taking gains over the past two sessions to 8.7%. The rally comes in the wake of the Securities and Exchange Board of India (Sebi) clearing the Adani Group of stock manipulation allegations, reinforcing investor confidence in the conglomerate. … Read more
ICICI Bank – Through its portfolio, the brokerage has a 4% weight in the portfolio. The private lender has risen almost 10% on a year-to-date basis. HDFC Bank – The brokerage has been assigned a 4% weight to India’s largest private sector bank. The lender’s stock price has risen 8.5 this year. State Bank of … Read more
Foreign brokerage firm Jefferies has turned more cautious on Indian IT services stocks, revising its target prices for TCS, Infosys, HCLTech, Wipro and Tech Mahindra, while maintaining its preference for Coforge and HCL Technologies over larger peers. The rationale for the cautious view stems from what Jefferies calls “AI-led disruption” combined with a slower-than-expected revival … Read more
Shares of billionaire Mukesh Ambani-led conglomerate Reliance Industries (RIL) fell 2.7% to Rs 1,436.85 on BSE in Monday’s trade despite reporting its highest-ever profit and EBITDA in Q1 results announced on Friday. The Rs 30,783 crore profit was significantly boosted by the sale of Asian Paints stake, worth Rs 8,924 crore, and lower-than-expected interest expenses … Read more
Sagility India is a fast-growing IT midcap added to Jefferies’ model portfolio by trimming exposure to Infosys. The brokerage projects 28% EPS CAGR, the highest among its peer set, driven by margin expansion, Broadpath synergies, and deleveraging. Even after a recent rally, the stock trades at 28x FY26 PE, a 20–30% discount to comparable BPM … Read more
With MSCI India ex-financials trading at a steep 26.4x forward PE, 1.9 standard deviations above the 10-year average, global brokerage Jefferies has released an aggressive list of 11 value buy stocks, including three from the Adani group. The dramatic shift comes as Indian markets trade at an 82% premium to emerging markets versus a 10-year … Read more
Jefferies said its top stock picks among engineering and construction companies are Hindustan Aeronautics, Siemens, Larsen & Toubro and KEI Industries. The brokerage said the order flow of companies in these segments rose by 28% in FY25, led by HAL and Siemens. Agencies “Operating leverage was seen for most companies led by defence stocks, which … Read more
U.S. President Donald Trump may have dubbed April 2 “Liberation Day” while unveiling sweeping new tariffs, but Chris Wood, global head of equity strategy at Jefferies, sees the move as a damaging turn in U.S. trade policy, calling it “an impoverishment day, not a liberation day” in his latest GREED & fear report. “Tariff hikes … Read more
Nomura reiterates its “buy” rating with a revised target price of Rs 1,600, down from Rs 1,725. It highlights upcoming triggers, such as Jio tariff hikes, potential IPOs, and the launch of new energy businesses, as drivers for value unlocking. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do … Read more
Christopher Wood, global head of equity strategy at Jefferies, has said that Maharashtra’s Ladki Bahin Yojana cash benefit scheme was a gamechanger for the Bhartiya Janta Party and was key to their landslide victory in the recently concluded elections in the state. Wood said the unexpected success of the Bharatiya Janata Party (BJP) in the … Read more