Brokerage firms have issued fresh reports on several prominent stocks ahead of the market opening on January 20. These include recommendations on stocks like Havells, SBI Life, Adani Ports, Adani Green, Wipro, and Tech Mahindra, among others. Analysts have shared their views based on the companies’ quarterly results, with target prices and ratings for investors to consider.
- Havells (Havells India)
Nomura upgraded its rating on Havells from Neutral to Buy, setting a target price of ₹1,943 per share. The brokerage expects continued growth momentum for the company, with a projected 25%+ CAGR for EPS after FY27. The stock’s current valuation is seen as attractive. - Adani Green (Adani Green Energy)
Jefferies maintained its Buy rating on Adani Green but reduced its target price to ₹1,300 from ₹2,000 per share. The brokerage lowered its capacity growth forecast for FY25–27 to 4-6 GW, along with a reduction in EBITDA estimates by 4-23%. The stock is trading at a premium compared to JSW Energy. - Adani Ports (Adani Ports and SEZ)
Jefferies maintained its Buy rating on Adani Ports, while cutting its target price to ₹1,440 from ₹1,855 per share. The company’s volume growth in the December quarter was lower than expected, and volume projections for FY25-27 have been trimmed by 3%. - Adani Enterprises
Jefferies kept its Buy rating on Adani Enterprises and set a target price of ₹3,800 per share. The brokerage expects improved cash flows from asset monetization and anticipates significant developments, including the sale of the company’s food and FMCG business and ongoing work at the Navi Mumbai International Airport. - SBI Life (SBI Life Insurance)
Most brokerages have recommended buying SBI Life stock following strong quarterly results. Bernstein has set a target price of ₹2,270 per share, while Nomura has raised its target to ₹1,835. Citi, HSBC, and Goldman Sachs have also issued positive outlooks for the stock. Macquarie, however, has a Neutral rating with a target of ₹1,435. - Tech Mahindra
Brokerages have mixed views on Tech Mahindra. Nomura has a Buy rating with a target price of ₹1,900, while Morgan Stanley gives an Equal-Weight rating and a target of ₹1,750. Citi has a Sell recommendation, forecasting a decline to ₹1,440. - Wipro
Wipro is also under scrutiny, with Citi recommending a Sell rating and a target of ₹280 per share. On the other hand, Nomura and Macquarie have set target prices of ₹340 and ₹330, respectively, recommending Buy ratings.
These recommendations, based on the companies’ financial performances and market outlooks, provide investors with insights into potential investment opportunities for today’s trading session.