Stocks to buy today: Nuvama maintained a buy on TCS post Q3 results; Macquarie initiate outperform on IRCTC

The recent brokerage recommendations highlight strong opportunities across key sectors, emphasizing robust growth prospects and favorable industry dynamics.

Nuvama, CLSA, and Macquarie have shared optimistic outlooks on TCS, Bajaj Finance, and IRCTC, respectively, identifying significant upsides and compelling investment rationales for the next 1 year.

We have collated a list of recommendations from top brokerage firms from ETNow and other sources:

Nuvama on TCS: Maintain Buy| Target Rs 5,200 (from Rs 5,100)| LTP Rs 4,036| Upside 28%

Nuvama has maintained a "Buy" rating on TCS, raising the target price to Rs 5,200 from Rs 5,100, which indicates a potential upside of 28% from the last traded price of Rs 4,036.

The company's modest revenue growth was in line with expectations, accompanied by decent margin expansion. Management expressed optimism about the BFSI and retail sectors, suggesting that both verticals may have bottomed out and are likely to recover in the coming quarters.

TCS has also reaffirmed its medium-term margin target of 26–28%, aiming to approach 26% by Q4FY25. The commentary from management is the most positive in two years, signaling a favorable outlook for the entire industry.

Also Read : TCS Q3 results takeaways: Profit, dividend, attrition rate among 5 key details to know

CLSA on Bajaj Finance: Maintain Outperform, target price Rs 9,200| LTP Rs 7,277| Upside 26%

CLSA has maintained an "Outperform" rating on Bajaj Finance, setting a target price of Rs 9,200, which implies a 26% upside from the last traded price of Rs 7,277.

The firm expects PAT growth to rebound in FY26 following recent downgrades, positioning Bajaj Finance as its top pick in the financials sector.

CLSA forecasts a 25% CAGR in AUM and a 27% CAGR in PAT over FY25-27. Additionally, it anticipates stock returns to align with earnings growth, supported by a 20 bps improvement in credit costs in FY25.

Macquarie on IRCTC: Initiate Outperform| Target Rs 900| LTP Rs 763| Upside 18%

Macquarie has initiated coverage on IRCTC with an "Outperform" rating and a target price of Rs 900, indicating an 18% upside from the last traded price of Rs 763.

IRCTC enjoys a monopoly in Indian Railways' e-ticketing and catering services, boasting a robust financial profile with a 30% free cash flow margin and 30% ROE/ROIC.

Key growth catalysts include railway modernization and the faster launch of premium trains. Macquarie also sees the potential for the stock to deliver 2x returns in the long term.

(With inputs from ETNow)

(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)