Jefferies Bullish on Reliance Industries

Jefferies has issued a 'buy' recommendation for Reliance Industries, setting a target price of Rs 1,690, indicating a potential 36% upside. Analysts attribute RIL's recent underperformance to concerns over retail growth and lower earnings growth in FY25. However, they anticipate a revival in retail growth, the potential listing of Jio, and improved profitability from oil-to-consumer segments by FY26.

Elara Capital Recommends Nuvoco Vistas Corp

Elara Capital suggests an 'accumulate' position on Nuvoco Vistas Corp with a target price of Rs 383, forecasting an 8% increase. The cement producer's growth prospects have improved, with reduced geographical concentration risks expected to positively affect its valuation. The acquisition of Vadraj Cement is anticipated to contribute to earnings by FY29.

Yes Securities on Star Health & Allied Insurance

Yes Securities has given a 'buy' recommendation for Star Health & Allied Insurance, targeting a 25% increase to Rs 599. With the largest agent network and strong distribution capabilities, Star Health is well-positioned to capitalize on India's expanding health insurance market. Its focus on indemnity products, customer loyalty, and plans to double premiums by FY28 underscore its growth potential.

Prabhudas Lilladher Maintains Buy on IndusInd Bank

Prabhudas Lilladher continues to recommend a 'buy' for IndusInd Bank, albeit with a reduced target price of Rs 1,500, suggesting a 52% upside. The bank's management indicates that MFI stress should be recognized by March 2025. Despite near-term challenges, the bank's medium-term outlook remains positive, supported by diversification in vehicles and MFI loans.

Nuvama Institutional Equities on Macrotech Developers

Nuvama Institutional Equities has a 'buy' recommendation on Macrotech Developers (Lodha) with a target price of Rs 1,749, indicating a 27% potential increase. The company's recent achievements in pre-sales and collections have set new records, positioning it to exceed its FY25 growth guidance of 20% YoY.

Disclaimer: The opinions, analyses, and recommendations expressed herein are those of brokerages and do not reflect the views of The Times of India. Always consult with a qualified investment advisor or financial planner before making any investment decisions.