The Indian stock market continues to see strong analyst activity, with major firms issuing fresh ratings and target prices across various sectors. Today’s analyst ratings in India highlight bullish sentiments on infrastructure, financial services, and industrial stocks, while some firms remain cautious on select names.
Notably, Adani Ports, Bajaj Finance, and UltraTech Cement received strong buy recommendations, indicating continued confidence in their growth prospects. On the other hand, Equitas Small Finance Bank and Relaxo Footwear received Hold ratings, reflecting a more cautious outlook.
Top Buy Ratings for Today:
Several stocks received strong buy ratings from top analysts:
- Adani Ports (NSE: ADANIPORTS) was rated Buy by Motilal Oswal Financial Services, with a target price of INR 1400. While below the average target of INR 1693.50, the stock maintains a Strong Buy consensus, indicating long-term growth potential.
- Bajaj Finserv (NSE: BAJAJFINSV) received a Buy rating from KR Choksey, with a target of INR 2075, supporting its Strong Buy status despite a slightly bearish Stock Target Advisor (STA) outlook.
- Bandhan Bank (NSE: BANDHANBNK) secured a Buy rating from Axis Direct, with a target of INR 170, compared to the INR 191 average, reflecting potential upside.
- Ajanta Pharma (NSE: AJANTPHARM) saw a Buy rating from Motilal Oswal, with a target of INR 3220, slightly above its INR 3067.67 average.
- UltraTech Cement (NSE: ULTRACEMCO) received a Buy rating from Geojit BNP Paribas, with a target price of INR 12,650, reinforcing its Strong Buy consensus.
- Other stocks receiving Strong Buy ratings include Ambuja Cements (NSE: AMBUJACEM), Pidilite Industries (NSE: PIDILITIND), and Jindal Steel & Power (NSE: JINDALSTEL).
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Stocks Receiving Hold Ratings:
While the majority of ratings were positive, a few stocks received Hold recommendations:
- Equitas Small Finance Bank (NSE: EQUITASBNK) was rated Hold by Axis Direct, with a target of INR 72, slightly below its INR 79 average, reflecting cautious sentiment.
- Relaxo Footwear (NSE: RELAXO) received a Hold rating from Axis Direct, with a target price of INR 550, well below the INR 698.50 average.
- Praj Industries (NSE: PRAJIND) also received a Hold rating from Axis Direct, with a target of INR 650, indicating minimal upside potential.
For more insights, detailed analyst accuracy data, and AI-powered stock ratings, visit Stock Target Advisor for the latest analyst ratings in India and global market trends.
Conclusion:
The latest Indian stock analyst ratings signal strong confidence in financial, cement, and infrastructure stocks. Analysts are particularly bullish on Adani Ports, Bajaj Finance, UltraTech Cement, and Bandhan Bank, while stocks like Equitas Small Finance Bank and Relaxo Footwear remain in a Hold zone.
Investors should keep an eye on the financial and infrastructure sectors, which continue to see positive momentum.
Muzzammil is a content writer at Stock Target Advisor. He has been writing stock news and analysis at Stock Target Advisor since 2023 and has worked in the financial domain in various roles since 2020. He has previously worked on an equity research firm that analyzed companies listed on the stock markets in the U.S. and Canada and performed fundamental and qualitative analyses of management strength, business strategy, and product/services forecast as indicated by major brokers covering the stock.
