Ola Electric, Swiggy among 7 stocks on which brokerages initiated coverage

Global brokerage firm Citi has initiated coverage on Ola Electric Mobility with a ‘buy’ rating and a target price of Rs 90.

Citi stated that its positive stance is based on Ola’s wide product portfolio, strong R&D focus, significant vertical integration (inc. Li-ion cell manufacturing) and a large scale of production: soon-to-be-launched motorcycles and E3Ws potential volume boosters.

“Large scale of production provides economies of scale to Ola as well as vendors. As capacity utilization increases (currently at a modest 40%), we expect profitability to improve,” the global brokerage firm said.

JPMorgan has initiated an 'Overweight' rating on Hyundai, setting a target price of Rs 2,200.

The brokerage views Hyundai as a key beneficiary of India's passenger vehicle market growth and the ongoing premiumization trend. It anticipates a recovery in the passenger vehicle industry in the second half of FY26, which could bolster the company’s prospects.

Hyundai's strong SUV portfolio contributes to higher per-unit profitability compared to peers, while its efficient capital expenditure strategy enhances its return on capital employed (ROCE). Additionally, the company is well-positioned to gain market share in H2FY26, supported by new capacity expansions and model launches.

TIPS Music, one of India’s leading music labels, has received a 'Buy' rating from YES Securities as it initiated coverage on the firm, with a target price of Rs 1,050.

Yes Securities has valued TIPS Music at a Price-to-Earnings (P/E) ratio of 47 times based on projected earnings per share (EPS) for September 2026, reinforcing its bullish recommendation. The bullish stance comes as TIPS Music leverages industry tailwinds, such as the rapid expansion of digital platforms and rising music streaming adoption, the brokerage noted.

Brokerage UBS initiated coverage on the leading food delivery player with a ‘Buy’ rating and a target price of Rs 515, citing potential for growth amid India’s expanding online food delivery and quick commerce markets.

UBS noted that Swiggy is well-positioned to benefit from its improving margins and scale. Swiggy’s quick commerce business is slated for promising growth potential, catering to rising consumer demands for rapid delivery. The brokerage highlighted that Swiggy’s valuation is currently at a 35% discount compared to its rival Zomato.

Stating that the smallcap company Genesys International is well-positioned to capitalize on India’s projected Rs 29,300 crore geospatial market by 2030, domestic brokerage firm Elara Capital initiated coverage on the stock with a 'Buy' rating and a target price of Rs 1,370.

Despite its superior technological positioning and robust growth prospects, the company trades at an attractive valuation of 10.2x FY27E EV/EBITDA and 20.5x FY27E P/E.

Believing in Tata Group-owned Trent’s growth story, global brokerage firm Goldman Sachs has initiated coverage on the stock with a target price of Rs 8,000 and a 'Buy' rating.

Goldman Sachs believes that Zudio seems like a multi-year share gain story with low competitive risk coupled with a market share gain-led growth story.
“Recent moderation due to urban slowdown has been seen, but a recovery can be expected,” said Goldman Sachs in its note.

Motilal Oswal has initiated a 'Buy' rating on LT Foods, setting a target price of Rs 520.

"We believe a strong marketing and branding activity coupled with an extensive distribution network will aid the company in maintaining and garnering higher market share across geographies. We estimate LTFOODS to deliver a CAGR of 14%/15%/19% in revenue/EBITDA/ Adj. PAT over FY24-27," it said.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)