On 7th April, 2025, the market capitalisation of all listed companies on the BSE declined by Rs 19.4 lakh crore due to the escalating trade war, sell-off in Indian equities, investors investing in safe havens, etc. In this article, we will look at some of the stocks on which several brokerage reports have initiated a buy rating.
Trent Ltd
Antique has maintained its “Buy rating” with a revised target price of Rs 6,801, down from the earlier Rs 7,363, still implying an upside potential of 44 percent from the last traded price of Rs 4,727.
In Q4, Trent reported a 28 percent year-on-year revenue growth, which was slightly below estimates. During this same period, the company added 130 new Zudio stores and 10 new Westside stores during the quarter, which benefits are expected to be accrued in Q1 of FY26. Antique believes that the company is well-positioned to outperform its peers in the medium to long term.
Delhivery Ltd
Emkay has maintained a ‘Buy’ rating on Delhivery with a target price of Rs 400, implying a significant upside of 48 percent from the current market price of Rs 268.
Delhivery has recently acquired Ecom Express for a cash consideration of Rs 14 billion, valuing the company at 0.6x EV/sales based on FY24 numbers. This will enhance Delhivery’s market position with a market share of 55-60 percent in the 3PL B2C operator space.
Both Delhivery and Ecom Express already serve 97 percent of India’s pincodes. Delhivery will highly benefit from its network.
Ashok Leyland Ltd
InCred Equities has maintained an ‘ADD’ rating on Ashok Leyland with a target price of Rs 265, indicating a potential upside of 33 percent from the last traded price of Rs 205.
Ashok Leyland expects double-digit growth in the MHCV segment in FY25, driven by a low base effect, contributing to around 6% overall growth in FY26. The company is also focusing on diversifying its revenue through exports, LCVs, and spare parts, aiming to reduce EBITDA volatility amid fluctuations in truck demand.
Written by Satyajeet Mukherjee
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