Brokerages have started coverage on Meesho, Swiggy, and three other Indian stocks, spotlighting big upside potential. JP Morgan rates Meesho “Overweight” with about 11% upside, while Equirus gives Swiggy a “Buy” targeting roughly 48% gains. Analysts also turned constructive on Capillary Technologies, Shadowfax Technologies, and Shyam Metallics.
Shree Cement shares jumped about 4% even after Q4 FY26 net profit fell 8% to Rs 526 crore. Revenue rose 10% to Rs 6,1010 crore, supported by strong sales volume growth both year-on-year and quarter-on-quarter. Brokerages like Nomura and Elara stayed optimistic, pointing to volume momentum and dividend payouts despite the profit dip.
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Punjab National Bank shares jumped about 4% after its Q4 FY26 net profit rose 14% and the bank declared a Rs 3 per equity dividend. Brokerages largely kept “Buy” calls, but several adjusted—often reduced—target prices, signaling caution over what the next earnings run could look like despite the strong quarter.
Adani Energy Solutions has surged about 63% in three months as summer demand sparked fresh investor interest, making it the group’s second-best performer behind Adani Power. But despite the momentum, brokerages remain cautious. The jump appears closely tied to seasonality, raising questions about how sustainable the gains—and the outlook—really are.
Brokerages are taking a selective approach in markets: Motilal Oswal has maintained a buy view on UTI AMC, citing steady AUM growth and healthy SIP inflows, as well as a bullish stance on Aditya Birla Sun Life AMC. In contrast, Goldman Sachs downgraded Dr Reddy’s Laboratories, pointing to weak pipeline visibility, pricing pressure, and limited near-term growth.
Infosys shares fell after reporting a 21% rise in profit, as its FY27 revenue growth forecast of just 1.5% to 3.5% landed below expectations. Investors were also rattled by concerns over headcount reduction and fewer new deals. While brokerages remain split between Hold and Buy calls, most have cut price targets, citing macro uncertainty and AI disruption risk.
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