Axis Securities Recommends REC Ltd

Axis Securities has issued a 'buy' recommendation for REC Ltd, setting a target price of Rs 530, which suggests an 11% upside. Analysts are optimistic about the company's growth trajectory, supported by a robust power capex cycle, enhanced asset quality, and stable return ratios.

Emkay Global Upgrades PayTM

Emkay Global Financial Services has upgraded One 97 Communications (PayTM) to a 'buy', with a target price of Rs 1,050, indicating a 22% potential increase. The upgrade follows a recent NPCI approval, which is expected to resolve regulatory concerns. Analysts also highlight the company's strong performance in merchant device subscriptions, UPI transactions, and a growing merchant loan business as key drivers for future profitability.

InCred Equities on HDFC AMC

InCred Equities maintains a 'hold' recommendation on HDFC AMC, with a target price of Rs 4,200, reflecting a 3.3% upside. While the company has shown strong performance in equity funds' AUM and market share, analysts believe these positives are already priced into the stock, limiting further upside potential.

Elara Securities Initiates Coverage on Trent

Elara Securities India has started coverage on Trent with a 'buy' rating and a target price of Rs 8,500, suggesting a 33% upside. Analysts are particularly bullish on the company's Zudio division, citing its successful private label strategy and focus on quality at reasonable prices as key growth drivers.

Yes Securities on Angel One

Yes Securities has a 'buy' recommendation on Angel One, with a target price of Rs 3,000, indicating a 20% potential increase. Despite new regulations affecting equity derivatives trading, the company's management expects revenue to normalize over the next few quarters and anticipates a rebound in business traction.