Top stocks to watch on brokerages today, August 20: NTPC, HAL, HCL Tech, TCS, Persistent Systems and more

By Pune Media On Aug 20, 2025

Brokerages have issued new ratings and updates on several Indian companies and sectors for Wednesday, August 20. Here are the key highlights:

NTPC (CLSA): Outperform rating maintained; target price ₹459/share.
Auto Sector (Nomura): Benefits expected to be larger for 4W OEMs vs 2W OEMs.
Telecom (Jefferies): Tariff changes by Jio & Airtel may drive higher data use; ARPU could rise 4–8%.
Autos & Consumer Durables (BofA): Identified as key beneficiaries of potential GST cuts.
FMCG (Antique): July 2025 showed sequential recovery; Nestle, ITC, HUL, Emami resilient; Marico & GCPL preferred.
India Strategy (Nomura): Lower GST could boost consumption and reduce inflation in FY26; fiscal impact may be less severe.
NBFCs (BofA): Credit cards face rising credit costs, muted growth; HFCs see growth pressure from competition.
HAL (UBS): Neutral rating maintained; target price ₹4,900/share.
SRF (UBS): Sell rating maintained; target price ₹2,400/share.
SRF (Citi): Sell rating maintained; target price ₹2,725/share.
Hexaware (Citi): Buy rating maintained; target price cut to ₹860/share (from ₹890).
Infosys (Citi): Neutral rating maintained; target price cut to ₹1,515 (from ₹1,660).
HCL Tech (Citi): Neutral rating maintained; target price cut to ₹1,510 (from ₹1,650).
TCS (Citi): Sell rating maintained; target price cut to ₹2,850 (from ₹3,135).
Persistent Systems (Citi): Sell rating maintained; target price cut to ₹4,705 (from ₹4,980).
LTTS (Citi): Sell rating maintained; target price cut to ₹3,735 (from ₹4,015).

Disclaimer: The brokerage views expressed above are solely those of the respective firms. They do not represent the opinion of this publication and should not be construed as investment advice. Please consult your financial advisor before making any investment decisions.

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Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com

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