Jefferies initiated its coverage of LG Electronics India with a buy rating and a target price of Rs 1,900. Analysts said they view LG Electronics India as a strong play on the country’s discretionary spends, given its diversified mix. The company offers strong moats in the form of market leadership in multiple products, premium brand recall, new launches, entrenched distribution and backward integration resulting in industry-leading margins and high return ratios. They also feel the company’s cash on the balance sheet can support future growth.JP Morgan has an overweight rating on Reliance Industries with the target price upped to Rs 1,727 from Rs 1,695 earlier. Analysts said that the RIL stock is up 27% so far in the year, outperforming the 17% gain in nifty. Yet, they retain positive bias into 2026 for three key reasons: Its valuations relative to peers (DMart, Bharti Airtel) are still attractive as RIL still trades at about 15% holding company discount to these stocks, earnings drag from weak refining and petchem businesses through FY24 and FY25 is over, and forecast earnings growth should be much better. They feel that RIL’s current refining strength has potential to drive upgrades. For the company, the catalysts in 2026 are the Jio IPO, tariff increase, commissioning of new energy segments and more stable retail growth. These factors could be supportive of the stock.Citigroup has a buy rating on Max Healthcare Institute with the target price at Rs 1,460. Analysts said that their main takeaways from the management meet were these: The management expects a strong growth trajectory, supported by rising occupancy, improving case mix, and improving profitability at Dwarka and Noida. The issue about cashless facility by insurance companies is fully resolved with forward tariff corrections. The recent CGHS price revision provides a structural uplift to average revenue per occupied bed (ARPOB) and margins with full impact seen in FY27. The company also said its three major brownfield projects are commissioning in Q3FY26 with no earnings before interest, taxes, depreciation, and amortization (EBITDA) drag.Macquarie has an outperform rating on HDFC Bank with the target price at Rs 1,200. Analysts said the clear messaging from the bank was that it was seeing good growth traction post GST rate cuts. The management retained guidance for loan growth to be faster than the system in FY27. The lender is well-placed due to prudent provisioning and contingent buffers with no major impact expected from new expected credit loss norms.Motilal Oswal Securities initiated its coverage of Blue Star with the target price at Rs 1,950. Analysts said that Blue Star’s room AC (RAC) market share is rising to about 14% with the company aiming for about 15% share by FY27. They said that the near-term RAC demand is soft due to mild summer and the GST-led delays. However, they see the long-term RAC growth intact with low penetration and strong structural drivers. The company also has a strong leadership position in commercial refrigeration and robust order book in mechanical, electrical, and plumbing (MEP) and commercial AC (CAC) supports growth. Analysts also expect margin expansion via operating leverage and efficiencies, and expect unitary cooling products (UCP) revenue to dip in FY26 but rebound strongly thereafter. They also said exports were weak in the near term but expected to scale-up post FY27. And the stock’s valuation is seen as fair after the recent rerating.Disclaimer: The opinions, analyzes and recommendations expressed herein are those of brokerage and do not reflect the views of The Times of India. Always consult with a qualified investment advisor or financial planner before making any investment decisions.
