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Brokerages broadly agreed that Bajaj Auto’s operational momentum remains strong post Q3 results, which fuels medium-term confidence in the stock outlook. But views diverge on how much upside remains at current valuation levels.
Brokerages were split on Nestle India Ltd after its Q3 FY26 results, with analysts balancing strong volume-led growth and aggressive brand investments against near-term margin pressure and expensive valuations. Nomura maintained a Buy with an upside target, CLSA and Jefferies retained Hold ratings.
Axis Bank stock outlook: Brokerages were largely bullish on the private sector lender, citing improving credit cost visibility, resilient profitability metrics and attractive valuations.
Today's 2 percent fall in InterGlobe Aviation (IndiGo) shares comes after the airline disclosed a sharp year-on-year fall in reported net profit for the December quarter, weighed down by sizeable one-time exceptional items.
InterGlobe Aviation (IndiGo) reported a sharp fall in Q3 net profit due to implementation of new labour codes and operational disruption. But brokerages said that excluding exceptional items and forex impact, underlying profitability remained healthy.
Brokerages said Dr Reddy's Laboratories Q3 FY26 earnings beat was driven largely by the domestic and emerging markets portfolio, which helped offset weakness in the US.
Eternal stock jumped over 6 percent in early trade on Thursday, building on Wednesday’s nearly 5 percent gain. Buying momentum is driven by upbeat brokerage commentary following the Q3 FY26 earnings announcement.
Brokerages shared bullish views on Eternal (Zomato's) Q3 FY26 results, on the back of a strong quick commerce showing and improving profitability metrics. Analysts' optimistic targets reflect growing confidence in execution, particularly at Blinkit.
LTIMindtree shares tumbled more than 6 percent today, post the IT company's q3 FY26 results. Analysts flagged concerns around margins and near-term earnings visibility despite largely in-line performance.
Yes Bank’s Q3 profit growth was driven largely by a steep 91 percent year-on-year fall in provisions, helping lift return on assets to around 0.9 percent. However, several brokerages said that the improvement was not backed by a meaningful acceleration in core growth or sustainable returns.
Analysts were bullish on ICICI Bank stock, saying that the earnings miss was largely driven by one-off provisions. Most brokerages focused on steady loan growth, stable margins and improved asset quality, while flagging the CEO’s tenure extension as a key positive.
Brokerages remained largely bullish on HDFC Bank stock after its Q3 FY26 results, citing a modest earnings beat and margin improvement, while continuing to flag deposit growth as the key near-term concern.
The fall in Cipla share price today comes after the pharma major disclosed that manufacturing of Lanreotide has been temporarily paused to support USFDA remediation at its European contract manufacturing partner.
Shares of HDFC Bank traded flat by afternoon on Tuesday after paring early gains, even as CLSA reiterated its ‘Outperform’ call with a Rs 1,200 target, dismissing concerns around deposit growth and the elevated loan-to-deposit ratio as largely temporary.
HCL Tech’s Q3 results are seen reducing downside risk to earnings and reinforcing confidence in its deal momentum and medium-term growth. But, most brokerages see the stock as fairly priced in the near term.
The outlook for Tata Consultancy Services stock has turned cautious after Q3 results, with most brokerages flagging weak growth visibility and muted international momentum, even as operational performance remained largely in line excluding one-offs.
Shares of Lemon Tree Hotels Ltd rose nearly 2 percent as brokerages were bullish on the Warburg-led restructuring. Nuvama and Investec maintained ‘Buy’ calls, citing value unlocking from the Fleur demerger and a cleaner, asset-light, zero-debt structure.
Avenue Supermarts (DMart) Q3 Results Review and Stock Call: The margin expansion was the standout, helping deliver an earnings beat even as growth indicators stayed measured. Brokerages are largely cautious to bearish on the stock.
CLSA says that NHPC's installed capacity could rise by as much as 64 percent year-on-year in FY26, setting the stage for a stronger earnings profile over the medium term. Also, NHPC’s board has approved fund-raising of up to Rs 2,000 crore via bonds.
UBS said that the recent correction in BHEL shares offers a positive read-through for the stock, citing robust order momentum. BHEL stock lost about 9 percent yesterday on concerns that easing restrictions on Chinese bidders could intensify competition in large government contracts.
Shriram Finance share price target: Brokerages now see up to 33 percent further upside in the stock, following MUFG Bank’s landmark Rs 39,600-crore investment for a 20 percent stake in the NBFC.
Eureka Forbes management presented a multi-engine growth strategy spanning water, cleaning, air and softeners, backed by sharper product positioning and greater customer awareness efforts.
Jefferies said that all three of Reliance’s core businesses -- digital services, retail and oil-to-chemicals -- are delivering double-digit growth from the start of FY26. Further, the valuation also presents a favourable risk-reward ratio.
Blue Star offers profitable growth driven by backward integration and scale, but current valuations already capture much of the near-term upside, said Motilal Oswal in its initiation coverage note.
The OMC stocks downgrade follows a sharp rise in investor interest since October, which was driven by a surge in refining margins. However, Investec said that OMC profitability is significantly more sensitive to marketing margins than refining margins.
