Adani Power, Tata Steel & more: Top stocks to buy on December 15 — Check list
CLSA maintained outperform rating on Dixon Technologies with the target price at Rs 18,800.
Analysts said that the stock corrected on concerns around FY27 earnings per share (EPS).
And the company’s joint venture with Vivo is pending, which is expected to contribute 20 million units to smartphone volumes.
Dixon is yet to secure approvals for establishing components facilities under the govt’s Electronics Component Manufacturing Scheme (ECMS). And low visibility on medium-term growth prospects is a concern.
Even with significant delays in Vivo’s operations, the stock trades at 44x multiple, they said.HSBC maintains buy on Tata Steel with the target price at Rs 215.
Analysts said the restart of India’s growth capex is a positive for the steel industry and the company.
The company’s multiple India expansion projects are also positives for the stock.
They said that the capex details should come by March 2026.
Near-term earnings pressure remains but safeguard duty should come in soon.Jefferies maintained its buy rating on BPCL with the target price raised from Rs 430 to Rs 435.
The company is a play on refining strength, favourable valuation.
Its earnings outlook remains strong with crude below $70/bbl, and there’s oversupply in the market.
They also said that on a year-to-date basis in FY26, refining margins have surged 51%.
Marketing margins above normative level, while LPG compensation is expected to boost profits. Analysts reiterated ‘buy’ on refining strength and supportive margins.Citigroup has a buy recommendation on IGL with the target price at Rs 260.
Analysts said Delhi’s air pollution crisis fuels clean energy mandates, improving volume prospects while concerns regarding the transition to EV cabs in Delhi have eased.
The govt is adopting a more pragmatic approach and is looking to revise its vehicle aggregator scheme with more relaxed transition timelines.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own.
These opinions do not represent the views of The Times of India)
