Stock calls for today: What brokerages are recommending for April 3, 2025

Goldman Sachs has a ‘buy’ recommendation on Trent with a target price of Rs 8,120. Analysts said during the Jan-Mar quarter, there was a large positive surprise in store additions by Zudio . They feel store adds acceleration in FY25 should revive investor confidence. They believe Zudio’s store has long runway in terms of store penetration as well as value market share.

JP Morgan has an ‘overweight’ rating on Hindalco with a target price of Rs 670. Analysts said that Hindalco’s aluminium smelter expansion was under execution and additional projects under evaluation to take total capacity to over 2 million tonne per annum over the longer term. Also, there are expansion projects under execution including alumina refinery and copper smelter.

HDFC Securities has an ‘add’ rating on FSN E-commerce Ventures (Nykaa) with a target price of Rs 180. Analysts feel Nykaa remains an efficient online business. Fashion remains a work in progress. Post a two-year time correction, valuations now seem palatable.

Nuvama Institutional Equities has upgraded Star Health & Allied Insurance to ‘buy’ with a target price of Rs 440. Analysts said the company’s management is recalibrating the retail portfolio and selectively underwriting group business to improve loss ratios. Its fresh retail business has been growing steadily and is expected to drive improved premium renewal ratios. They also feel Star Health is well-positioned with a lower expense of management ratio at 33%, a key edge as regulatory scrutiny tightens.

Bajaj Broking has a ‘buy’ rating on Zaggle Prepaid Ocean Services with a target price of Rs 456. Analysts feel the company is well-positioned in India’s rapidly growing fintech sector, supported by strong banking partnerships, diversified revenue streams, and an aggressive expansion strategy. The company targets 58-63% revenue growth, driven by increased corporate adoption, and aims to achieve a 15-16% EBITDA margin within four years, reflecting its focus on profitability. Zaggle presents a compelling investment opportunity at current prices.

Disclaimer: The opinions, analyses and recommendations expressed herein are those of brokerage and do not reflect the views of The Times of India. Always consult with a qualified investment advisor or financial planner before making any investment decisions.