Leading brokerage firms have given their recommendations on a range of Indian companies. Goldman Sachs has maintained a neutral rating on Nykaa due to concerns about profitability in the fashion segment. Macquarie has also maintained a neutral rating on Reliance Industries, stating that Jio earnings growth is set to lag Airtel India. Jefferies has a buy rating on Delhivery, anticipating medium-term e-commerce growth of around 15-20%. Meanwhile, CLSA has a buy rating on Hindalco, expecting low leverage and profitability growth, while UBS resumed its sell rating on Tata Motors due to concerns over its electric vehicle pipeline.
Tariff shock turns FIIs to sellers in April. Analysts flag global risk but back India’s fundamentals
Foreign institutional investors reversed course in early April, spurred by rising global trade tensions following US President Trump’s announcement of steep tariffs. This led to
April 5, 2025