Brokerages bullish on L&T, Titan sees neutral tone; Macquarie cuts targets on Pidilite, Britannia
A slew of brokerage reports released on May 9 offer fresh insights into institutional sentiment on key Indian stocks. Engineering major Larsen & Toubro (L&T) attracted widespread optimism, while views on Titan Company remained largely neutral with a slight tilt toward caution. Pidilite Industries and Britannia drew negative commentary from select analysts. L&T share
Multiple brokerages reiterated their Buy ratings on L&T, reflecting continued confidence in the company's execution track record and future growth visibility. Axis Capital maintained its Buy call and raised the target price to ₹4,050 from ₹3,990.
Investec also maintained a Buy and revised the target upward to ₹4,115 from ₹4,030.
Jefferies followed suit, keeping its Buy rating with a new target of ₹3,965, up from ₹3,930.
Bernstein reaffirmed Buy with a target price of ₹3,922.
Haitong, however, cut its target from ₹4,050 to ₹3,800, still retaining a Buy stance.
Goldman Sachs maintained a Neutral rating, trimming the target to ₹3,260, signaling a more cautious outlook. Titan share
Fund houses held neutral to cautious views on Titan, despite slight target price hikes. Axis Capital maintained a Hold with a target of ₹3,700.
Morgan Stanley stayed Overweight, raising its target to ₹3,876.
Macquarie continued with an Outperform call and set a target at ₹4,000.
Jefferies and Haitong both settled at a Hold/Neutral rating with a target of ₹3,600.
Ambit maintained a Sell view with a target of ₹3,041.
Morgan Stanley also has a Underweight stance in another coverage, targeting a much lower ₹2,126. Pidilite and Britannia share Macquarie remained bearish on both Pidilite and Britannia, maintaining Underperform ratings. For Pidilite, the target was cut to ₹2,600. For Britannia, the revised target stood at ₹4,600.
These fund house recommendations come at a time when markets are actively reacting to Q4FY25 earnings and FY26 guidance commentary, offering key inputs for institutional and retail investors alike.
Disclaimer: This article is for informational purposes only. Business Upturn does not provide stock recommendations or investment advice. Please consult a certified financial advisor before making investment decisions.
Arunika Jain, a graduate in Mass Communication, brings a fresh perspective to the world of journalism. Arunika has a passion for writing finance and corporate news at BusinessUpturn.com. You can write to her at [email protected]
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