Brokerages stepped up coverage on several stocks this week, with fresh calls spanning retail broking, healthcare services, e-commerce and capital mark…
1/8New calls on Groww, Sagility, Meesho, NSE and more | Brokerages stepped up coverage on several stocks this week, with fresh calls spanning retail broking, healthcare services, e-commerce and capital markets. From Macquarie’s Outperform on Groww to Emkay’s Buy on NSE and Nomura’s Reduce on Meesho, here are the key calls of the week and what is driving them.
2/8Motilal Oswal on SPR Auto Technologies | Motilal Oswal has initiated a Buy call on SPR Auto Technologies with a ₹6,150 target price, versus the reference price of around ₹4,494, implying roughly 37% upside. Its bull-case target of ₹8,085 implies nearly 80% upside, supported by faster revenue growth and higher margins.
3/8Macquarie on Groww: “The disruptor” | Macquarie initiated coverage on Groww with an Outperform rating and a price target of ₹260. It sees Groww’s tech-first, platform-based approach helping the company gain market share while supporting high margins and strong cash generation.
4/8Emkay initiates coverage on Sagility | Emkay Global Financial initiated coverage on Sagility with a Buy rating and a 12-month target price of ₹55, implying around 20% upside. The brokerage values the stock at 18x September 2028 estimated adjusted earnings per share.
5/8Nomura says Reduce Meesho | Nomura initiated coverage on Meesho with a Reduce rating and a ₹167 target price. It sees Meesho as a direct play on India’s fast-growing online value-commerce segment, but believes the stock trades at a significant premium to other platforms. Nomura expects 23% net merchandise value CAGR over FY27-30, while flagging rising competition from horizontal platforms and overlap with quick commerce.
6/8Emkay initiates coverage on NSE | Emkay initiated coverage on NSE with a Buy rating and a September 2027 target price of ₹2,050. Its positive view rests on India’s long-term capital-market growth, NSE’s leadership across market segments and the strong profitability and cash generation of market infrastructure institutions. NSE was listed on Thursday, September 24, making the fresh coverage particularly relevant for investors assessing the newly listed stock.
7/8Motilal Oswal on Solar Industries | Motilal Oswal has a Buy rating on Solar Industries with a ₹23,000 target price, versus the reference price of ₹19,930, implying around 17% upside. Its bull-case target of ₹28,800 implies nearly 55% upside, factoring in faster defence-order execution, higher ammonium nitrate prices and stronger profitability.
8/8Citi on Tata Capital | Citi has a Buy rating on Tata Capital with a ₹450 target price, compared with the reference price of ₹341.10, implying around 32% upside. The stock has declined nearly 3% over the last five days and was trading near the day’s highs at ₹338.35 apiece on Friday.