Should you buy these stocks? HDFC AMC, BSE, QSRs, Credit Access Grameen, and more

Global Brokerage Recommendations

Here's how the Global brokerages have rated these stocks: HDFC AMC, BSE, QSRs, Credit Access Grameen, PFC/REC, materials, microfinance, and OMCs

Should you buy HDFC AMC shares?

• CLSA: Maintain 'Accumulate', target price cut to Rs 4,710 from Rs 4,920.

• Morgan Stanley: Maintain 'Equal-weight', target price Rs 4,120. Higher equity yields drove operating profit, but revenue growth expected to moderate to sixteen per cent in FY26.

• Jefferies: Maintain 'Buy', target price Rs 5,000. Strong performance aided by yields despite lower investment income.

Should you buy HDFC AMC shares?

• CITI: Maintain 'Sell', target price raised to Rs 3,700 from Rs 3,600. Core earnings robust with stringent cost control.

• HSBC: Maintain 'Hold', target price raised to Rs 4,350 from Rs 4,340. Market share stagnation in equity AUM.

• Nomura: Maintain 'Buy', target price Rs 5,250. Operating profit beat due to higher revenue and lower opex.

Should you buy QSR stocks?

• Macquarie on Sapphire Foods: Initiate 'Outperform', target price Rs 390.

• Macquarie on Devyani International: Initiate 'Outperform', target price Rs 230.

• Macquarie on Westlife Foods: Maintain 'Outperform', target price Rs 940.

• Macquarie on Jubilant Foodworks: Maintain 'Underperform', target price Rs 620.

Should you buy Credit Access Grameen shares?

Goldman Sachs: Maintain 'Sell', target price raised to Rs 577 from Rs 564. Delinquency concerns remain

Should you buy PFC/REC shares?

• CLSA on PFC: Maintain 'Accumulate', target price Rs 610.

• CLSA on REC: Maintain 'Accumulate', target price Rs 680.

Should you buy materials stocks?

CLSA: Negative impact for cement and durables due to currency concerns. Metals stocks like JSPL, Vedanta, and Hindalco preferred.

Should you buy microfinance stocks?

Jefferies: Pressure on earnings due to rising overdue loans. Bandhan Bank might fare bett

Should you buy OMC stocks?

• HSBC on BPCL: Maintain 'Buy', target price Rs 460.

• HSBC on HPCL: Maintain 'Buy', target price Rs 480.

• HSBC on IOC: Maintain 'Buy', target price Rs 126.

Nomura’s India strategy

• End-2025 Nifty target: 23,784, with defensive stock picks suggested.

• Overweight: Financials, consumer staples, oil/gas, telecom, pharma, power, internet, real estate.

• Underweight: Consumer discretionary, autos, cement, hospitals, metals.