Stock Recommendations Today: Swiggy, Tata Motors, Airtel On Brokerages' Radar

IndusInd Bank Ltd., Infosys Ltd., and Bharat Electronics Ltd. were among top on brokerages' radar on Wednesday. Analysts have done a deep dive on the IT sector and non-banking finance companies as well.

NDTV Profit tracks what analysts are saying about various stocks and sectors. Here are the analyst calls to keep an eye out for on Wednesday.

• Downgraded Infosys to an 'equal-weight' rating from 'overweight' and cut the target price to Rs 1,740 apiece from earlier Rs 2,150.

• Retained an 'overweight' rating on LTIMindtree and lowered the target price to Rs 5,800 apiece from earlier Rs 6,800.

• Retained an 'overweight' rating on Tata Consultancy Services Ltd. and lowered the target price to Rs 3,950 apiece from Rs 4,660.

• Maintained an 'overweight' rating on Coforge Ltd. and lowered the target price to Rs 9,400 apiece from earlier Rs 11,500.

• Retained an 'equal-weight' rating on Tech Mahindra Ltd. and raised the target price to Rs 1,750 apiece from Rs 1,550.

• Retained an 'equal-weight' rating on HCLTechnologies and raised the target price to Rs 1,970 apiece from Rs 1,600.

• Retained an 'equal-weight' rating on Mphasis Ltd. and raised the target price to Rs 3,300 apiece from Rs 2,570.

• Maintained an 'equal-weight' rating on L&T Technology Services with a target price of Rs 5,000 apiece.

• Retained an 'underweight' rating on Wipro with a target price of Rs 265 apiece.

• Retained an 'underweight' rating on Tata Elxsi and lowered the target price to Rs 5,400 apiece from earlier Rs 6,000.

• Retained an 'underweight' rating on Cyient and lowered the target price to Rs 1,210 apiece from Rs 1,500.

• Recalibrated growth and valuation multiples.

• Shifts in the macro environment and technology evolution are happening rapidly, the brokerage said.

• Sees downside risks emerging for both the revenue growth of India Information Technology services and valuation multiples.

• For select stocks, multiples could become more polarised.

• Lower real/nominal gross domestic product growth in the United States, and the technology transition cycle have increased risks to revenue growth.

• Currency supports margins/earnings but valuation multiples have room for downside risks.

• Key trades: Tata Consultancy Services Ltd. over Infosys; Tech Mahindra over HCL Technologies and Coforge over Mphasis.

• Initiated a 'hold' rating with a target price of Rs 400 apiece.

• Swiggy is a hyperlocal champion, the brokerage said.

• Enjoys 45% share in food delivery, which should grow in high-teens in the medium term along with margin expansion.

• Quick commerce offers tremendous growth opportunity, although it faces high competition and hence, profitability will remain under pressure.

• Retained an 'outperform' rating with a target price of Rs 826 apiece.

• Focuses on growth and cash flow.

• Jaguar Land Rover margin upside from lower variable marketing expense and warranty cost.

• Focus will be to gain lost share through product intervention and marketing.

• Stays selective; sees good opportunities for stock pickers.

• Investors have crowded into large lenders' stocks in 2025.

• Thinks large life insurers and quite a few small cap lenders (mainly housing finance companies) should deliver better but gradual returns from here.

• Sees good margin of safety and potential for outsized returns if sentiment improves sharply.

• In quality names, retains an 'overweight' rating on Bajaj Finance Ltd., with limited base case upside.

• Sees more downside risks at SBI Cards from elevated valuations.

• Shriram Finance is the preferred pick where they see healthy growth and return on equity at a valuation that has scope to re-rate materially over time.

• Sees material but gradual upside in Aditya Birla Capital on cheap valuations and unsecured personal loans turnaround.

• Retained an 'underweight' rating on L&T Finance; sees continued low return on equity.

• Retained an 'equal-weight' rating on Mahindra & Mahindra Financial Services Ltd., given muted return on equity relative to valuation.

• Expects LIC Housing Finance to underperform despite cheap valuation, due to structural challenges.

• Likes large cap life insurers for healthy secular value of new business growth at attractive valuations and receding regulatory risks.

• For patient investors, small cap housing financiers offer the best risk-reward.

• For investors looking for quality, low risk, strong return on equity businesses at lower valuations versus history and willing to look past slow topline growth.

• Sees more de-rating for expensive themes of last year; capital markets and platforms.

• Retained an 'overweight' rating with a target price of Rs 1,970 apiece.

• Announced partnership with Starlink, which is limited immediate opportunity.

• Starlink is yet to receive regulatory approvals and spectrum to beam and operate.

• Pricing will be a key here as this is likely to be positioned as a premium service, the brokerage said.

• Service could be complementary to mobile and broadband services largely for small business users.

• In Association of Southeast Asian Nations markets, Starlink plans are priced at a 100-180% premium to fixed broadband plans and have inferior coverage.

• Retained an 'overweight' rating with a target price of Rs 1,270 apiece.

• Fiscal 2026 could be a soft year for growth.

• European Union business viability being evaluated.

• Passenger vehicle business should witness growth in fiscal 2026.

• In defence, the next big order should most likely be for domestic advanced towed artillery gun system, which is expected to be awarded soon.