Goldman Sachs’ top ideas for the current year are HDFC Bank with a target price of Rs 2,090, AU Small Finance with a target price of Rs 796, Titan with a target price of Rs 3,900, GCPL with a target price of Rs 1,370, Indigo with a target price of Rs 5,050, Adani Ports with a target price of Rs 1,400, M&M with a target price of Rs 3,800, Apollo Hospitals with a target price of Rs 8,025 and Power Grid with a target price of Rs 375.
BoFA Securities has downgraded Zomato to ‘neutral’ from ‘buy’ and cut its target price to Rs 250 from Rs 300 earlier. It also downgraded Swiggy to ‘under-perform’ from ‘buy’ and cut target price to Rs 325 from Rs 420 earlier. Analysts said that the downgrades were mainly led by expectations of rising losses in quick-commerce and slowing food growth.
Motilal Oswal Financial Services has reiterated its ‘buy’ rating on Marico with a target price of Rs 775. Analysts, after meeting the company management, said that it was embarking on portfolio diversification, and was aiming for steady double-digit growth via volume and pricing. They expect Marico to report a rare double-digit revenue growth in FY26. They also expect new-age biz to drive growth, foods to post 20-25% CAGR, and has a strong innovation pipeline. Although high input costs may impact margins in the short-term, analysts remain long-term positive on the stock.
Nuvama has initiated a ‘buy’ call on Laxmi Dental with a target price of Rs 570. The company is India’s only fully-integrated dental company offering crowns, bridges, aligners, and pediatric products. It also has the second-largest domestic laboratory, with a 22,000+ dental network and is the largest exporter in its segment. India’s underpenetrated dental market presents strong growth potential for Laxmi Dental, they said.
DAM Capital has initiated a ‘buy’ on Jindal Stainless with a target price of Rs 760. Analysts expect the company to clock 21% CAGR at the EBITDA level between FY25 and Fy27, led by volume growth and spread expansion. They also believe that the near-term headwinds driven by weak export markets (Europe) are transient.
