Jefferies, Nomura and Macquarie initiate coverage on 5 stocks with up to 30% upside potential. See full list

A host of domestic and global brokerages have initiated coverage on select Indian stocks across sectors such as travel and consumer discretionary. Analysts are bullish on names including Trent and IndiGo and see strong upside from current levels. Here are five stocks that recently received brokerage coverage.

Jefferies initiated coverage on Dhoot Transmission with a ‘Buy’ rating and a price target of Rs 1,730, implying 14% upside. The brokerage sees the auto component maker as a key beneficiary of rising two-wheeler demand, premiumisation and electrification, while its expanding product portfolio could provide another leg of growth.

Nomura initiated coverage on InterGlobe Aviation, the parent of IndiGo, with a ‘Buy’ rating and a target price of Rs 6,000, implying around 21% upside from its September 30 closing price of Rs 4,984. The brokerage believes IndiGo’s large aircraft order book, low-cost structure and growing international network can help it emerge stronger even if elevated fuel prices persist.

Global brokerage BofA Securities initiated coverage on Tata Group’s Trent with a ‘Buy’ rating and a price target of Rs 3,075 per share, implying 19.5% upside. The brokerage cited the company’s differentiated retail platform, strong growth prospects, and integrated technology and supply-chain capabilities. “Trent has built a differentiated portfolio across apparel, fashion, beauty, food & grocery, and emerging consumer lifestyle concepts,” the analysts said.

Macquarie last month initiated coverage on NSE with an ‘Outperform’ rating and a target price of Rs 1,965 per share, implying more than 14% upside from the stock’s previous close of Rs 1,723. The international brokerage described NSE as “The Dominator”, citing its leading market share and strong market position.

Macquarie initiated coverage on the stock with an ‘Outperform’ rating and a target price of Rs 1,700, implying 30% upside from current levels. The brokerage expects CleanMax’s installed base to more than double to around 8 GW by FY29E. It sees repeat C&I business and exposure to data and AI transactions supporting growth and longer-term earnings upside in India’s underpenetrated C&I renewables market.
Disclaimer: This article has been written by Veer Sharma, who is not a SEBI-registered Research Analyst or an Investment Adviser. Veer Sharma and his/her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here.