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New Delhi. If you also invest money in the stock market, then this news is useful for you. Some leading foreign brokerage houses have named many earning stocks to place bets in this month i.e. November. Today we will tell you about the Indian stocks on which top global firms like Jefferies, Citi, Goldman Sachs, JP Morgan and UBS have adopted a bullish stance in their latest reports.
Global brokerage houses have expressed more confidence in stocks from sectors like pharma, infrastructure, banking, real estate and FMCG. Analysts say that these companies may see double-digit growth by FY26 and FY27. Brokerage houses believe that due to macroeconomic strength in the Indian market, rise in corporate earnings and sector-specific tailwinds, all these stocks can give strong returns in the coming months.
Citi trusts pharma and infrastructure sectors
Brokerage firm Citi in its report has advised to bet on three big stocks namely Cipla, L&T and SBI Life Insurance. Keeping Cipla’s target at ₹ 1,800, the brokerage has said that the company’s performance in non-US markets and recovery of domestic sales will lead to tremendous improvement in margins. Currently the share is trading at ₹ 1,501. The brokerage has also advised to buy Larsen & Toubro and has fixed its target price at Rs 4,500. This share is currently trading at ₹ 4,028. The target price of SBI Life Insurance has been fixed at Rs 2,550.
Jefferies Top Picks
This time Jefferies has included many sectors in its top picks. The brokerage has advised to buy the shares of FMCG company ITC and has set a target price of Rs 535. This share is currently trading at Rs 419. Jefferies has also advised to buy Navin Fluorine shares. After a spectacular jump in EBITDA and PAT, Jefferies has increased the target price of this stock from ₹ 6,025 to ₹ 6,635. The real estate giant has also advised to buy DLF and has fixed its target price at ₹ 1,000. DLF share is currently at ₹757.
Jefferies has also given ‘buy’ rating to Macrotech Developers. This stock became Jefferies’ choice due to the huge jump in annual profits and strong Q3 pipeline. The brokerage has fixed its target price at ₹ 1,625. Currently it is trading at ₹ 1,197. While advising to buy Go Digit Insurance, Jefferies has given a target price of ₹ 440.
Goldman Sachs keeps an eye on FMCG stocks
Goldman Sachs has advised to bet on two strong consumer stocks. The brokerage has given a buy rating to Varun Beverages and a target price of ₹ 615. The company expects sales recovery in India and rapid expansion through Carlsberg partnership in Africa. Pidilite Industries is also a favorite of brokerage and expressed hope that this share can go up to ₹ 1,700 in the coming time. Currently it is trading at ₹ 1,448.
Brokerage JP Morgan has advised to invest money in IT sector company Coforge and has kept the target price of this share at Rs 2500. According to the brokerage, the company’s Q2 margins and cash flows have been strong and the deal pipeline is also growing rapidly. The current price of Coforge share is ₹1,785. Global brokerage firm UBS has included Swiggy in its top pick and has set the target price of this stock at ₹ 580. The brokerage says that the company has given better results in Q2 and is rapidly expanding the quick commerce business through Instamart.
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