Brokerage Recommendations

Brokerage firms have shared their latest stock recommendations, highlighting strong upside potential across multiple sectors over the next 12 months.

Nomura has reaffirmed its "Buy" rating on Larsen & Toubro (L&T), citing its robust order book and execution strength. Meanwhile, Choice Broking remains positive on Ajanta Pharma, driven by its specialty therapies and margin expansion.

CLSA sees the recent dip in Tata Motors as a buying opportunity, expecting strong future cash flows from Jaguar Land Rover (JLR).

Jefferies has raised its target for Shree Cements, emphasizing its industry-best EBITDA per ton and strong pricing power. Meanwhile, Macquarie remains bullish on Bharat Electronics.

Here’s a list of recommendations from top brokerage firms, sourced from ETNow and other outlets: