Leading brokerage firms have shared their outlook on stocks from various industries, which could help investors with their portfolio decisions. Let's take a look at the recommendations.
Jefferies has maintained a neutral stance on electrical equipment maker Havells India. While acknowledging the company's strong performance in the fiscal year 2024, the analysts believe margins may see some normalization going forward as advertising spends, capacity utilization and costs start stabilizing.
Meanwhile, Kotak Securities continues to be optimistic about private healthcare provider Apollo Hospitals. The analysts view the recent Keimed acquisition positively as part of the company's next growth phase. They also note Apollo's plans to strengthen its retail presence through initiatives like Apollo Healthco.
In another recommendation, Goldman Sachs initiated coverage on TBO Tek, an automotive components manufacturer, with a buy call. Impressed by the company's leadership in a fragmented market and strong cash flows, the analysts see potential for further consolidation.
Among listed internet stocks, Morgan Stanley's preference lies with food delivery platform Zomato and financial services player PB Fintech. Citing supportive macros and focus on stock selection, the analysts remain invested in the Indian digital economy.
