CLSA's Top Pick: Reliance Industries

CLSA recommends an 'outperform' rating for Reliance Industries, setting a target price of Rs 1,650. This suggests a potential upside of 30%. Analysts view the stock's underperformance in 2024 as a conservative valuation, presenting a prime opportunity for investors ahead of anticipated gains in 2025.

HSBC Global Research Favors Bharti Airtel

With a 'buy' recommendation, HSBC Global Research eyes Bharti Airtel with a target price of Rs 1,940. The firm anticipates a 114% annual increase in per-share dividend payments to Rs 17 in FY25, driven by improved free cash flow and rising cash flow needs at promoter entities.

Goldman Sachs Stays Bullish on ITC

Goldman Sachs maintains its 'buy' stance on ITC, projecting a target price of Rs 500. The optimism stems from a steady recovery in cigarette business profits, enhanced FMCG business profitability, and a stable tax regime with annual cigarette tax increases of 5-7%.

Motilal Oswal's Choice: Kalyan Jewellers

Motilal Oswal Financial Services suggests a 'buy' for Kalyan Jewellers, with a target price of Rs 875. This recommendation is based on robust sales growth in the Oct-Dec quarter and ambitious expansion plans both domestically and internationally.

Emkay Global's Outlook on Tata Motors

Emkay Global Financial Services advises a 'buy' on Tata Motors, setting a price target of Rs 950. The recommendation is supported by strong sales growth from Jaguar Land Rover and a gradually improving commercial vehicle outlook in India, despite a soft passenger vehicle market.

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.