Stock Picks Today: Top Brokerage Calls on Bank of Baroda, Maruti Suzuki, and More
Top brokerage firms have shared their commentary on several key stocks, including Bank of Baroda, Maruti Suzuki, and Urban Company, after they announced their September quarter results.
Bank of Baroda
Analysts at Investec have upgraded Bank of Baroda to ‘Buy’ from ‘Hold’ and hiked the target price to Rs 325 from Rs 250. The strong growth and RoA delivery, along with a healthy loan growth driven by retail and Agri, TD and CA lead deposit growth, have been cited as the reasons for the upgrade.
Citi has also maintained a ‘Buy’ rating on Bank of Baroda and raised the target price to Rs 350 from Rs 310. The positive coverage is justified with strong all-round performance, and the absence of overseas slippages and improved MSME and retail asset quality have been highlighted as key positives.
Maruti Suzuki
Maruti Suzuki has received a ‘Buy’ rating from Jefferies, with the target price raised to Rs 18,489 from Rs 18,360. The strong October for auto wholesales, with passenger vehicle wholesales estimated to be up 17% year-on-year, has been cited as a key reason for the rating.
Bank of America has also maintained an ‘Overweight’ rating on Maruti Suzuki and raised the target price to Rs 18,489 from Rs 18,360. The October dispatches accelerated, and sustainability remains key, with the fiscal year 2026 likely to be a year of two halves, with October benefiting from festive strength.
Urban Company
Urban Company has received a ‘Hold’ rating from Jefferies, with the target price raised to Rs 1,710 from Rs 1,580. The growth outlook is already priced in, with growth driven by top 10 clients, and margin expansion expected to support 25% EPS CAGR over FY26–28.
Bharat Electronics
Bharat Electronics has received a ‘Buy’ rating from Citi, with the target price revised to Rs 3,260 from Rs 3,330. The steady second quarter with strong deal wins, and revenue growth outlook robust given healthy deal pipeline, have been cited as key positives.
Godrej Consumer Products
Godrej Consumer Products has received a ‘Buy’ rating from Jefferies, with the target price raised to Rs 210 from Rs 206. The trading performance is strong, with tariff hike key driver, and positive on transmission volume recovery prospects.
These are just a few examples of the top brokerage calls on key stocks. It’s essential for investors to do their own research and consider their own risk tolerance before making any investment decisions.
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