Stocks to watch today on Feb 28: Coforge, Chola Fin, Thermax, Jubilant Food, CG Consumer Electricls and Coal India in focus on brokerage reports

Several brokerage firms have issued positive ratings and target price upgrades for key stocks, making them the top picks to watch today. Here’s a detailed overview of the latest recommendations:

Jefferies has maintained a ‘buy’ rating on Coforge with a target price of ₹10,100, citing optimism about the company’s growth potential. The brokerage is confident in Coforge’s strong top-line growth, operating margin improvements, and consistent execution, positioning it as a high-conviction pick within Indian IT. Meanwhile, HSBC has maintained a ‘buy’ rating on Chola Fin with a target price of ₹1,610, highlighting stable EPS growth and profitability. HSBC believes that Chola Fin is better positioned to handle industry headwinds compared to other financial segments.

UBS initiated a ‘buy’ rating on Thermax with a target price of ₹4,100, recognizing it as a diversified and sustainable energy solutions provider. UBS projects a 25% earnings CAGR for Thermax between FY24 and FY27, driven by its expanding market share in core products and strong order inflows. Additionally, Jefferies continues to maintain a ‘buy’ rating on Jubilant Food with a target price of ₹1,000, citing the company’s strategic focus on digital transformation and innovative growth strategies as key drivers for its future performance.

Morgan Stanley (MS) has maintained an ‘overweight’ rating on Coal India with a target price of ₹525, projecting an 8% upside risk to FY26 earnings due to the newly introduced Singrauli Punarasthapan Charge. MS expects this levy to positively impact Coal India’s revenue and earnings growth trajectory. Similarly, CLSA has maintained an ‘outperform’ rating on Bajaj Auto with a target price of ₹9,473, highlighting its strong export markets and consistent product innovation as key growth drivers.

UBS is optimistic about the oil marketing companies (OMCs), maintaining ‘buy’ ratings on IOC (₹180), BPCL (₹365), and HPCL (₹430). UBS notes that integrated margin stability and favorable crude prices will support profitability. In the consumer durables space, Nuvama has maintained a ‘buy’ rating on CG Consumer with a target price of ₹500, expecting new product launches and strategic price hikes to drive margin expansion and EPS growth.

Jefferies is bullish on Crompton with a ‘buy’ rating and a target price of ₹480, citing its focus on premiumization and innovation in BLDC and Xtech platforms. In contrast, MS maintains an ‘underweight’ rating on Crompton with a target price of ₹352, citing competitive pressures in the premium fans segment. Investec upgraded ICICI Pru to ‘hold’ with a target price of ₹725, citing valuation comfort and improved industry outlook, as most headwinds are now behind.

Jefferies has a neutral stance on power financing stocks, expecting a range-bound provision coverage ratio on discoms for Q4FY25. Jefferies also maintained a ‘buy’ rating on Apollo Hospitals with a target price of ₹7,900, although the outlook remains cautious due to uncertainties surrounding ARPOB growth.

Stocks to watch today:

Coforge, Chola Fin, Thermax, Jubilant Food, Coal India, Bajaj Auto, IOC, BPCL, HPCL, CG Consumer, Crompton, and ICICI Pru are the key stocks to watch, supported by positive ratings and growth outlooks from leading brokerage firms.

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