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IT stocks may not have bottomed yet; prefer Coforge, Mphasis: Motilal Oswal Financial
Abhishek Pathak, VP – Institutional Research Analyst, Tech & IT at Motilal Oswal Financial Services, expects Infosys and HCLTech to lower the upper end of their FY27 guidance, remains cautious on KPIT Technologies following its profit warning, and warns that the IT sector could see further valuation cuts. However, he continues to favour selective mid-cap bets such as Coforge, Mphasis and, potentially, Persistent Systems.
June auto sales data: Commercial vehicle turns consensus player; brokerages list stocks to buy
Indian automakers reported strong performance in June 2026, with healthy demand across passenger vehicles, two-wheelers, commercial vehicles and tractors. Brokerages including Motilal Oswal, Emkay and ICICI Securities highlighted broad-based growth, with several OEMs beating estimates. Maruti, M&M, TVS and Tata Motors stood out, while Hyundai underperformed in PVs. Analysts remain optimistic on the sector, favouring CVs and select two-wheeler players amid improving demand and pricing conditions.
Motilal Oswal initiates coverage on Tata Capital, gives target price and re-rating triggers
Motilal Oswal has initiated coverage on Tata Capital with a 'Neutral' rating and a target price of Rs 390, implying an 8% upside from current levels. The brokerage expects healthy AUM growth and improving profitability but believes the company's current valuation already reflects its medium-term growth and earnings potential.
Top Gainers & Losers on June 29: Persistent Systems, Netweb Tech, Astral, MRF, Berger Paints, OLA among top losers
Indian equities continued their decline on June 29, with the Nifty 50 dropping 0.46% and the BSE Sensex falling 0.44% amid renewed Middle East tensions. While pharmaceutical and metal stocks gained, auto and technology shares suffered notable losses, reflecting mixed sectoral performance.
SBI Securities prefers HDFC Bank, sees long-term upside in metals
Sunny Agarwal, Head Fundamental Research, Retail Desk at SBI Securities, remains positive on private banks, preferring HDFC Bank over Kotak Mahindra Bank after the lender received a clean legal review. He says Persistent Systems' acquisition benefits may take up to eight quarters to materialise, while slower growth remains a near-term concern. Agarwal is also bullish on the metals sector, with Indian Metals & Ferro Alloys as his top pick, and remains positive on Astral over the long term despite near-term challenges.
This Tata Group stock could re-rate only on the back of these two factors, Motilal Oswal says
Tata Capital has displayed disciplined cost control measures via digital initiatives, process improvements and branch-level productivity. As new branches scale and technology matures, its productivity gains are expected to enhance efficiency, Motilal Oswal said.
Persistent Systems Shares in Focus After Nagarro Deal — Check Motilal Oswal's Target Price, Upside
Persistent will acquire 100% of Nagarro through an all-cash offer of "81/share, implying an enterprise value of "1.27 billion.
Six of top-10 firms add ₹88,678 crore in mcap, ICICI Bank biggest winner
The combined market valuation of 6 of the top-10 most valued companies went up by Rs 88,678.1 crore in a holiday-shortened last week, with ICICI Bank emerging as the biggest winner. Last week, the BSE benchmark Sensex climbed 297.57 points, or 0.38 per cent, and the NSE Nifty went up by 42.9 points, or 0.17 per cent. "Markets ended the holiday-shortened week with modest gains, advancing in three of the four trading sessions. Sentiment remained constructive, supported by easing crude oil prices, improving geopolitical developments in West Asia, and selective buying by foreign institutional investors (FIIs)," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. While Reliance Industries, HDFC Bank, ICICI Bank, State Bank of India, Bajaj Finance and Larsen & Toubro were the gainers, Bharti Airtel, Tata Consultancy Services (TCS), Life Insurance Corporation of India (LIC) and Hindustan Unilever faced erosion from their valuation. The market valuation of ICICI Bank jumped Rs ...
Trent shares jump 4% after Noel Tata’s comments during AGM. Here’s what Morgan Stanley, other brokerages say
Trent's stock surged over 4% as brokerages like Morgan Stanley and Motilal Oswal reiterated bullish calls. Chairman Noel Tata's vision of 10x revenue and profit growth, fueled by new brands and international expansion, impressed analysts. The company plans significant investments in infrastructure and aims for aggressive store additions across its formats, signaling a strong growth trajectory.
Tata Motors shares jump 5% on strong growth guidance. What are Nomura, other brokerages saying?
Tata Motors shares rose after outlining strong growth targets, including margin expansion and cash flow improvement. Brokerages remain divided, with JM Financial bullish, while Nomura and Motilal Oswal stay cautious on near-term demand and margins. Long-term outlook remains supported by infrastructure growth, CV demand recovery and digital and EV initiatives.
Tata Motors: Motilal Oswal Reiterates 'Sell' on JLR Concerns, Cost Pressures — Check Target Price
Although JLR has initiated a significant cost optimisation programme aimed at reducing costs and lowering breakeven levels, Motilal Oswal believes these measures may only partially offset ongoing headwinds, keeping profitability under pressure in the near term.
Tech Mahindra a Bottom-Up Turnaround Story, Says Motilal Oswal; Maintains 'Buy' — Check Target Price
Tech Mahindra is a compelling turnaround play in the IT services space, supported by improving fundamentals, strategic execution and sector recovery tailwinds, adds the brokerage.