Analysts Boost Ratings for Key Indian Stocks
ICICI Securities, Motilal Oswal, Emkay Global, Anand Rathi, and Cantor Fitzgerald have recently updated their ratings on several prominent Indian companies, reflecting a mix of optimism and caution in the market. These adjustments come in light of recent quarterly results and growth prospects across various sectors.
ICICI Securities Maintains Positive Outlook on GAIL
ICICI Securities has reaffirmed its ‘buy’ recommendation for GAIL (India), setting a target price of ₹245. Despite disappointing quarterly results for the October-December period, analysts believe that GAIL’s earnings are poised for steady improvement over the next year. They attribute this potential growth to the resolution of one-off trading impacts observed in the fourth quarter, which are expected to have minimal influence on the fiscal year 2026. Furthermore, analysts anticipate sustained volume growth in gas transmission and trading, driven by increasing gas demand in the upcoming fiscal years.
Motilal Oswal Keeps Neutral Stance on Havells India
Motilal Oswal Financial Services has retained a ‘neutral’ rating on Havells India, with a target price of ₹1,650. The company’s management remains optimistic about growth across its core categories, bolstered by initiatives aimed at improving profit margins. Havells continues to invest in manufacturing, brand development, distribution, talent enhancement, and research and development, positioning itself for long-term success. However, the lighting segment faces challenges due to pricing pressures, although strong volume growth persists. The company is focusing on expanding its footprint in professional lighting to enhance profitability.
Emkay Global Upgrades Maruti Suzuki to ‘Buy’
Emkay Global Financial Services has upgraded Maruti Suzuki from ‘add’ to ‘buy,’ with a revised target price of ₹13,500. Analysts note that new product launches have historically driven volume growth in the passenger vehicle segment, and Maruti’s upcoming launch cycle is expected to positively impact sales in fiscal year 2026. Early signs of improvement in the small car segment, coupled with potential consumption boosts, present further opportunities for growth. However, analysts caution that the sustainability of this improvement will need close monitoring.
Anand Rathi and Cantor Fitzgerald Initiate Coverage on MOIL and Adani Power
Anand Rathi Share & Stock Brokers has issued a ‘buy’ rating for MOIL, setting a target price of ₹400. The company is expanding its mining capacity and establishing a high-speed shaft to enhance hoisting capabilities, which is expected to increase production volumes. With manganese playing a critical role in steel manufacturing, MOIL is well-positioned to benefit from India’s growing steel industry, thanks to its dominant market share. Meanwhile, Cantor Fitzgerald has initiated coverage of Adani Power with a ‘buy’ rating and a target price of ₹595. As the largest privately-owned thermal power generator in India, Adani Power operates 11 thermal plants and one solar facility. Analysts highlight the company’s growth potential, balance sheet flexibility, and the ongoing reliance on thermal power as key factors that make it an attractive investment at current valuations.
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