Best Shares to Buy: Global brokerage firm Citi has released its latest report on five major Indian stocks.
The good news for investors is that Citi has kept the ‘Buy’ rating for all five, suggesting there is still strong potential for returns in the medium to long term.
If you’re planning to invest for future gains, here are the updated target prices for these shares.
1 / 5 – Exide Industries (Current Price: ₹352)
Citi has kept its ‘Buy’ rating for Exide Industries but has cut the target price from ₹540 to ₹460. Even with the reduced target, Citi remains confident in the company’s long-term fundamentals.
2 / 5 – Sona BLW (Current Price: ₹481)
Citi has kept its ‘Buy’ rating on Sona BLW and raised the target price from ₹570 to ₹590. This shows strong expectations for the company’s growth and profitability.
3 / 5 – Federal Bank (Current Price: ₹197)
The target price for Federal Bank has been slightly lowered from ₹242 to ₹235.
However, Citi has maintained the ‘Buy’ recommendation, suggesting that while short-term challenges may exist, the bank’s overall position is sound.
4 / 5 – Indus Towers (Current Price: ₹408)
Citi increased the target price for Indus Towers from ₹470 to ₹485. The Q4 results met expectations, though profits were 13% below estimates.
On the positive side, all dues from Vodafone Idea have been cleared and new tenancies are rising.
However, a delay in dividend announcement may impact short-term sentiment.
5 / 5 – Vedanta (Current Price: ₹419)
Citi has kept both the target price of ₹500 and its ‘Buy’ rating for Vedanta unchanged.
The brokerage has a positive view on the company, citing its diversified income streams and stable profits as key strengths.
