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Infosys, DLF & more: Top stocks on broker’ radar on May 21

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Nomura has a buy on Infosyswith the target price at Rs 1,720. Analysts said that at the meeting with the company’s CFO, it was clear that the IT major’s focus on cash flow generation will continue and it would be disciplined while going for mergers & acquisitions.The stock remains Nomura’s top pick.CLSA has an underperform rating on Petronet LNG with the target price at Rs 270. Analysts said the company’s Jan-March net profit was much above estimates, which was aided by a reversal of provisions made in prior quarters. The company’s core performance, however, was a much smaller beat to expectations, even as there was a miss on volumes, likely due to trading/inventory gains during the quarter.Morgan Stanley has an overweight rating on DLF with the target price at Rs 910. Analysts said the real estate major’s Jan-March pre-sales of Rs 2,000 crore was better than the estimates, resulting in FY25 pre-sales of Rs 21,200 crore, which was the highest among peers. The company’s FY25 collection Rs 11,800 crore rose 36% on the year while operating cash flow at Rs 6,800 crore was up 52% on the year.Jefferies has a buy on PI Industries with the target price at Rs 4,460. Analysts said revenue was up 3% on the year. Domestic revenue was up 25% on the year which was sharply ahead of estimates while pharma losses were along expected lines. The management guided for single-digit revenue growth overall in FY26 and strong growth in pharma.ICICI Securities has upgraded Zydus Wellness to buy from add with the target price at Rs 2,150. Analysts said the company’s Jan-March quarterly numbers were good, with best-in-class revenue growth of about 12% driven by a volume growth of around 7%. They feel unseasonal rains may impact April-June quarterly numbers. However, they feel improved execution may trump this challenge. In the medium-term, portfolio premiumisation may support margin expansion.Disclaimer: The opinions, analyses and recommendations expressed herein are those of brokerage and do not reflect the views of The Times of India. Always consult with a qualified investment advisor or financial planner before making any investment decisions.

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