Market Movers: Brokerage Recommendations for May 12

Nomura maintains a buy rating on CG Power but adjusts the target price to Rs 825, citing strong demand in power systems despite margin pressures from the railway business.

Citigroup holds a sell rating on PNB with a target price of Rs 91, highlighting concerns over return on assets and net interest slippage.

Investment Highlights and Strategic Shifts

Citi upgrades HPCL to buy, raising the target price to Rs 510, buoyed by revised margin estimates and potential government compensation.

Motilal Oswal sees value in Aurobindo Pharma, upgrading it to buy with a Rs 1,360 target, praising its diversified portfolio and investment in high-potential segments.

Elara Securities recommends accumulating Larsen & Toubro, targeting Rs 4,051, as international projects and investments in new-age businesses drive growth.

Disclaimer

The views and recommendations above are those of individual analysts and brokerage firms, and do not represent the stance of The Times of India. Consult a financial advisor before making investment decisions.