Stock recommendations by brokers for December 26

SBI Securities has a ‘buy’ recommendation on eMudhra with a target price of Rs 1,048 (+14%). Analysts have given the rating on the stock based on eMudhra’s unique business model, expanding in the overseas market with a solid product portfolio, partnering with global leaders and a solid financial track record.
Motilal Oswal Financial Services has a ‘buy’ recommendation on PNB Housing Finance with a target price of Rs 1,160 (+37%). Analysts feel PNB Housing Fin is pivoting its product mix toward the emerging and affordable housing segments, the relatively higher-yielding segments. It is also undergoing a transformation to morph into a franchise that will be stronger, more resilient, and one with high predictability in its earnings trajectory.
ICICI Securities has maintained its ‘buy’ rating on Navin Fluorine International with a revised target price of Rs 4,270 (+26%), from Rs 3,800 earlier. Analysts expect the company to report strong numbers for the second half of FY25, driven by higher prices for R-32, commissioning of project nectar, new plant in Surat (Gujarat) and higher sales from Fermion.
Elara Securities is positive on the stocks of companies in the Indian defence sector, mainly on the back of expectations that the second half of FY 25 would be much better for order flows for the companies in this sector, especially because of stronger push for indigenisation. Analysts have ‘buy’ recommendations on Hindustan Aeronautics with a target price of Rs 5,465 (+30%) and Bharat Electronics (TP: Rs 345, +18%).
Emkay Global Financial Services has an update on the city gas distribution (CGDs) companies that are scouting for additional gas to meet their volumes amid cut in APM allocation. The second half of FY25 is expected to be weak in terms of margins, though by FY26, Mahanagar Gas and Indraprastha Gas expect to achieve their guided margins with more term LNG being secured by GAIL which can be supplied to CGDs. Analysts have an ‘add’ rating on MGL with a target price of Rs 1,400 (+12%) and ‘reduce’ on IGL with a target price of Rs 385 (-3%).
Disclaimer: The opinions, analyses and recommendations expressed herein are those of brokerages and do not reflect the views of The Times of India. Always consult with a qualified investment advisor or financial planner before making any investment decisions.