The markets broke past their all-time highs to hit new records this week, and the Nifty managed to close above the 26,200 mark. However, the action in individual stocks is what made headlines this week, and several new stocks hit fresh 52-week highs. Top brokerage firms such as Jefferies, Nomura, Motilal Oswal, Nuvama, and others shared their latest recommendations, and we picked the 10 best for you.
Jefferies on Axis Bank
Jefferies iterated a ‘Buy’ call on Axis Bank after a recent interaction suggested that steadier growth and stable asset quality are ahead. The brokerage maintained its price target of Rs 1,430, implying an upside potential of about 13%. Jefferies said the bank’s balanced growth plans, improving deposit mix, and contained credit costs position it well for FY26, even as the broader sector faces uneven deposit and loan momentum. Jefferies has a Buy on Axis Bank as it believes that the operating environment remains supportive. Wholesale demand is stable, retail origination is healthy, and the bank is gradually improving its liability profile.
Nuvama on Premier Energies
Nuvama Institutional Equities initiated coverage on Premier Energies, a renewable energy firm, with a ‘Buy’ rating. The brokerage has set a target price of Rs 1,270 per share for the stock. The brokerage’s target suggests an upside potential of about 32%. Nuvama’s Buy on Premier has been triggered by the potential ahead. They believe the company is entering a phase where the “J-curve-like exponential growth in New Energy” could reshape its long-term earnings trajectory. The brokerage house, in its report, noted that Premier Energies is no longer limiting itself to traditional solar businesses. Instead, the company is shifting toward a broader new-energy ecosystem.
Jefferies on Lenskart Solutions
Jefferies has initiated coverage on Lenskart. The firm issued a ‘Buy’ rating and set a target price of Rs 500 for Lenskart Solutions. This implies a potential upside of 23% from the current market price. The brokerage house believes that the company’s structure, growth model and expansion strategy create a case for steady earnings over the next few years. Jefferies highlighted that the company’s operating model-spread across online channels, retail stores and in-house manufacturing, allows it to keep costs under control and deliver products faster. This structure also helps the company maintain better customer engagement.
Motilal Oswal on V-Mart, Vishal Megamart
Motilal Oswal is bullish on value retail and said that demand trends in smaller cities, early festive buying, and improving rural cash flows have helped value fashion names hold steady. The brokerage house reiterated a ‘Buy’ rating on V-Mart Retail and Vishal Mega Mart. The brokerage report noted that the shift of the Pujo festival to the second quarter of FY26 instead of the third quarter of last year played a major role in lifting sales. Motilal Oswal mentioned that “Value fashion retailers sustained their outperformance with strong double-digit revenue and SSSG (same-store sales growth)”, helped by a mix of government measures and better rural income visibility.
Jefferies on Cordelia Cruises IPO
Cordelia Cruises plans to raise Rs 727 crore through a pure fresh issue. This has put the focus directly on India’s coastal cruise market. Jefferies is bullish on Cordelia as it believes that the IPO could be a crucial link between a constrained present to a larger operating base. The company currently runs all operations on a single vessel, the 1990-built MV Empress, yet is pitching a strategy that would triple its capacity over the next two years, Jefferies said.
Motilal Oswal on Blue Star
Motilal Oswal initiated coverage on Blue Star, with a ‘Neutral’ rating. The brokerage has given an initial target price of Rs 1,950, implying an upside of 10% from the current market price. Motilal is positive on Blue Star on the back of factors like steady market share, robust growth drivers across segments, and favourable financial outlook have favoured the stock. The company has steadily gained market share in the Indian RAC (Residential Air Conditioning) segment, with its share improving to approximately 14% in FY25 from 7% in FY14. Looking at the outlook, the company aims to grow its market share by around 15% by FY27, as per the brokerage house.
Anand Rathi Research on Finolex Cables
Finolex Cables’ operating momentum is shifting in favour of margins rather than revenue, and Anand Rathi Research believes this transition could support a meaningful re-rating. The brokerage reiterated a ‘Buy’ on the company with a target price of Rs 975 per share, implying nearly 30% upside from current levels. Outlining the key factors why Anand Rathi has a Buy on Finolex, the brokerage said that the company is entering a phase where backward integration, better copper-rod performance and associate income are together strengthening profitability even as communication-cable demand stays subdued.
Nuvama on solar sector
India’s solar sector is gathering pace as installations accelerate and government schemes create a more reliable demand line across households, agriculture and public-sector buyers. Nuvama is bullish on solar sector stocks given the fact that the country is moving from 127 GW of installed capacity toward about 280 GW by 2030. With 22 GW already added in the first half of FY26, the brokerage expects manufacturers to enter a period of steady ordering supported by domestic content rules and a growing project funnel. Integrated players such as Waaree Energies and Premier Energies have started adjusting their upstream plans to match this environment.
JP Morgan on Reliance Industries
The global brokerage firm JPMorgan is ‘Overweight’ in RIL. Projecting a bullish view about India’s largest conglomerate, Reliance Industries, it sees scope for 11% upside going forward. The brokerage has set a target price of Rs 1,727 per share. This led to a rise in the company’s share price, climbing to a new 52-week high on November 25. The stock touched Rs 1,552, gaining nearly 1% intra-day. While the stock has already gained 27% so far in 2025, JPMorgan believes there is more room to run, backed by shifts in refining margins, upcoming telecom and retail triggers, and a turnaround in its energy segment.
Jefferies on LG Electronics
India is emerging as one of the strongest growth engines for LG Electronics, and Jefferies believes the momentum is only getting stronger. In a new initiation report, the brokerage placed a ‘Buy’ rating on LG Electronics with an upper target price of Rs 2,200 per share, implying nearly 36% upside from the latest close. Jefferies has Buy on LG Electronics given the fact that India is steadily becoming a profit-rich geography for the Korean appliance maker, supported by a sharp rise in premiumisation, stronger brand pull, and a shift in consumer preference toward high-value products.
