SAIL upgraded to buy; strong growth in Voltas

Brokerages have recently shared insights on several key stocks, offering investment recommendations for the coming year. Nuvama has reiterated its "Buy" rating on Voltas, citing impressive revenue growth in its air conditioning segment. They set a target price of Rs 1,810, which reflects a potential upside of 21% from the current price of Rs 1,494. In a recent call, Voltas reported a 35% revenue increase in air conditioners from April 2024 to February 2025, surpassing the industry growth of 30%. Axis Securities has upgraded SAIL's rating from "Hold" to "Buy." They believe the stock offers a better risk-reward outlook as steel prices stabilize. The new target price is Rs 130, indicating a potential upside of 15% from its current price of Rs 113. ICICI Securities continues to support Pidilite Industries with a "Buy" rating and a target price of Rs 3,123. This suggests a potential upside of 14% from the current price of Rs 2,730. Pidilite aims for double-digit growth by improving its product range and expanding its distribution network, especially in smaller towns. Overall, these recommendations highlight promising opportunities in the stock market as companies focus on growth and expansion strategies.