Business

Top Stock Picks for March 28: Expert Broker Recommendations and Market Insights

Macquarie's Top Pick: Trent

Macquarie initiates coverage on Trent with an 'outperform' rating and a target price of Rs 7,000. Analysts highlight Trent as India's leading fashion retailer in the value to mid-premium segment, boasting superior growth and inventory turnover compared to Asian peers.

Stock recommendations by brokers for March 28

HSBC's Buy Call: Adani Ports & SEZ

HSBC recommends a 'buy' for Adani Ports & SEZ, setting a target price of Rs 1,600. The company's EBITDA guidance for FY25 and its ambition to evolve into a comprehensive logistics services provider underscore its potential as a long-term investment.

CLSA on L&T: A Giant Leap

CLSA affirms an 'outperform' rating for L&T with a target price of Rs 4,151, following its monumental $4 billion EPC contract win. This achievement positions L&T among the elite global EPC players capable of managing multi-billion dollar projects.

JPMorgan's Overweight on HAL

JPMorgan maintains an 'overweight' stance on HAL, targeting Rs 4,958, as GE Aerospace commences deliveries of F404-IN20 engines, alleviating previous concerns and highlighting HAL's monopoly in the sector.

Goldman Sachs Updates Gold Forecast

Goldman Sachs revises its 2025 gold price forecast upward to $3,300 per ounce, citing robust ETF inflows and sustained central bank demand as key drivers for the ongoing rally.

Disclaimer: The opinions and recommendations are those of the brokerage and not of The Times of India. Consult a financial advisor before making investment decisions.