Indian IT Majors Receive 'Sell' Calls

Citi has issued 'sell' recommendations for three major Indian IT companies: TCS, Tech Mahindra, and LTIMindtree. The brokerage firm has set target prices of Rs 3,935 (-12%) for TCS, Rs 1,475 (-21%) for Tech Mahindra, and Rs 5,710 (-18%) for LTIMindtree. These downgrades are due to weak demand visibility in the sector.

PI Industries' Growth Potential

Jefferies maintains its 'buy' call on PI Industries but has reduced the target price to Rs 4,865 from Rs 5,100. The target price adjustment is based on anticipated slower growth in the upcoming quarters. However, analysts at Jefferies believe new products will drive growth in the next fiscal year (FY26).

Aurobindo Pharma's Promising Future

Goldman Sachs recommends a 'buy' on Aurobindo Pharma with a target price of Rs 1,525 (+22%). Analysts expect the company to start monetizing its biosimilars and leverage significant investments that could become a new growth driver.

BEML's Upgrade and Dividend-Yielding Stocks

Elara Securities has upgraded BEML to a 'reduce' recommendation from 'sell' with a target price of Rs 4,190 (-6%), citing strong order visibility and potential margin improvements. Additionally, Axis Securities highlights stocks with high dividend yields, including Vedanta, Coal India, and Hindustan Zinc among large caps, and HPCL, Nalco, and NMDC among midcaps.