Stock Picks Today: Infosys, LTIMindtree, Wipro, Nestle, Eternal On Brokerages’ Radar
The Indian stock market has been witnessing significant fluctuations in recent times, with various factors contributing to the volatility. In this article, we will delve into the latest stock picks from top brokerages, including Infosys, LTIMindtree, Wipro, Nestle, and Eternal.
Infosys
BofA has maintained a ‘Buy’ rating on Infosys with a target price of Rs 1,780. The top end of the guidance implies a flattish CQGR for the second half. The company potentially exits the fiscal year at about 3% year-over-year (yoy) organic growth.
Nuvama has retained a ‘Buy’ rating on Infosys with a lowered target price of Rs 1,800 compared to the earlier Rs 1,850. In-line performance; valuations attractive. Company continues to expect lower pass-through revenue in FY26 compared with FY25.
LTIMindtree
Nuvama has maintained a ‘Buy’ rating on LTIMindtree with a target price hiked to Rs 6,900 from Rs 6,200. Beats expectations on all counts. Still far from achieving its true potential. Co continues to target reaching double-digit USD growth in H2.
Emkay has retained an ‘Add’ rating on LTIMindtree with a target price hiked to Rs 6,200. Margin beat; deal momentum to bolster growth. Brokerage is negative about weakness in the top five clients.
Wipro
Emkay has retained a ‘Reduce’ rating on Wipro with a target price of Rs 250. Provision for client bankruptcy led to a miss on reported EBITM (EBIT Margin). Deal intake remained strong. Weakness in three of the five verticals.
MOSL has reiterated a ‘Sell’ rating on Wipro with a target price of Rs 200. Deal momentum sustained, but revenue acceleration still awaited. Good traction in BFSI and healthcare. Growth pickup still awaited.
Nestle
Morgan Stanley has maintained an ‘Underweight’ rating on Nestle with a target price of Rs 1,010. Good surprise on topline, in line margins. Domestic revenues grew 11% YoY, marking double-digit growth after seven quarters.
HSBC has reiterated a ‘Hold’ rating on Nestle with a target price of Rs 1,260 compared to Rs 1,270 earlier. Q2 performance was impressive, with 11% YoY revenue growth in a disrupted quarter.
Eternal
Nuvama has retained a ‘Buy’ rating on Eternal with a higher target price of Rs 400 versus Rs 320 earlier. Healthy quarter with revenue above consensus estimate. Ebitda margin at $1.8% was below consensus estimate of 2.7%.
Emkay has maintained a ‘Buy’ rating on Eternal with a target price of Rs 430 versus 330 earlier. Better-than-expected revenue growth with strong NOV growth in Quick Commerce and an accelerated shift to the owned inventory model.
Conclusion
In conclusion, the Indian stock market has been witnessing significant fluctuations in recent times, with various factors contributing to the volatility. The latest stock picks from top brokerages, including Infosys, LTIMindtree, Wipro, Nestle, and Eternal, provide valuable insights for investors. It is essential to keep a close eye on the market trends and analyst recommendations to make informed investment decisions. For more information on Indian stock market news and stock market analysis, visit our website.
