Stock Picks Today: Axis Bank, Reliance Industries, JSW Infrastructure, NTPC, L&T Tech and More on Brokerages’ Radar
As investors navigate a market landscape marked by global uncertainties and sector-specific dynamics, several key stocks have caught the attention of prominent brokerages. Today, names like Axis Bank, Reliance Industries (RIL), JSW Infrastructure, NTPC, and L&T Technology Services are firmly on brokerages’ radar as potentially strong performers.
Axis Bank continues to receive bullish recommendations, notably from Nomura, which has maintained a ‘Buy’ rating with an encouraging target price of Rs 1,230. This price target suggests an upside potential of about 20% from current levels, reflecting confidence in the bank’s growth trajectory amidst improving asset quality and expanding retail credit.
Reliance Industries remains a centerpiece in many equity portfolios, backed by its diversified business model spanning energy, petrochemicals, telecom, and retail. Brokerages view RIL as well-placed to benefit from robust sectoral demand and strategic investments in emerging technologies and sustainable energy solutions. Its strong balance sheet and ongoing expansions keep it a favored pick among large-cap stocks.
JSW Infrastructure has attracted attention from analysts bullish on India’s infrastructure development story. With government spending increasing and a focus on boosting connectivity and industrial capacity, JSW Infra is viewed as a prime beneficiary in this evolving landscape. Investors may find this stock appealing given its leveraged position to infrastructure growth and future earnings prospects.
In the power sector, NTPC remains a stock to watch. As India pushes for higher renewable energy capacity and cleaner, more efficient power generation, NTPC’s strategic initiatives and capacity expansion plans stand out. Brokerages have signaled a positive outlook on NTPC’s ability to capitalize on these trends, which could drive revenue growth and profitability.
L&T Technology Services (L&T Tech) also features prominently in brokerage recommendations. Following an impressive Q1 earnings report showcasing 16% year-on-year revenue growth and improved profitability, the stock has garnered interest as a player well-positioned in the IT services sector. Its focus on engineering services, digital transformation, and innovation aligns with industry trends and client demand.
Overall, these stock picks reflect a mix of financial, industrial, infrastructure, and technology sector plays, underscoring the diversified approach brokerages are advising for the current market environment. While volatility remains, focusing on companies with solid fundamentals, growth prospects, and sector tailwinds appears to be the common theme.
Investors should keep a close watch on market developments and earnings updates for these companies to capitalize on potential opportunities while managing risks effectively. Whether it’s the banking strength of Axis Bank, the conglomerate power of Reliance Industries, infrastructure growth via JSW Infra, power modernization through NTPC, or technology innovation with L&T Tech, these picks encapsulate a broad range of strategies aimed at navigating today’s complex and dynamic market atmosphere.