Brokers Eye These Top Stocks for May 12th

Brokers Buzzing About These Stocks

Here’s a look at some of the stocks that are making waves on Wall Street today, according to top brokerage firms:

CG Power: A Buy, But With a Lower Price Target

Nomura analysts still like CG Power, maintaining their ‘buy’ rating. However, they’ve lowered their target price to Rs 825 from Rs 900, citing a dip in margins due to the company’s railway business. That said, they remain optimistic about the company’s overall prospects, pointing to strong demand in the power systems sector and CG Power’s growing market share in value-added industrial products.

PNB: A ‘Sell’ Recommendation Amidst Mixed Signals

Citigroup isn’t as enthusiastic about PNB, sticking with a ‘sell’ rating despite the lender’s recent performance. While PNB managed to beat analyst expectations in terms of profit, thanks partly to treasury gains and recoveries, Citigroup points to concerns like a drop in net interest income and higher slippages. The brokerage also notes that the bank’s return on assets dipped below 1%. PNB is targeting 11-12% credit growth and 9-10% deposit growth for FY26.

HPCL: A ‘Buy’ With Potential Upside

Citigroup is raising its target price for HPCL to Rs 510 from Rs 460, maintaining a ‘buy’ rating. They’ve boosted their EBITDA (earnings before interest, taxes, depreciation, and amortization) estimates for FY26 and FY27 by 10% and 5%, respectively. They also suggest that a potential LPG compensation from the government could further boost the stock price.

Aurobindo Pharma: A ‘Buy’ Driven by Diversification and Growth

Motilal Oswal Financial Services is bullish on Aurobindo Pharma, upgrading it to a ‘buy’ rating with a target price of Rs 1,360. They highlight the company’s diversification efforts across multiple high-potential segments, which they believe will drive sustained growth in the next 3-5 years. Motilal Oswal also points to Aurobindo’s resilient US generic portfolio and its investments in differentiated capabilities and facilities in regulated markets.

L&T: An ‘Accumulate’ Rating for This Engineering Giant

Elara Securities India has an ‘accumulate’ rating on L&T, with a target price of Rs 4,051. They see L&T’s international projects as a key driver of its growth, along with the continued strength of its core businesses. Elara Securities also believes that L&T’s investments in new-age businesses, such as semiconductors and data centers, could open up new avenues for growth.