ICICI Securities downgrades Tata Elxsi to Reduce with a revised target price of Rs 4250, citing muted Q4FY25 results and structural macroeconomic concerns. Despite new large deals and optimism for Q1FY26, revenue contracted by 5.3% QoQ. The brokerage maintains its estimates, tweaking FY26E EPS slightly, while recommending Reduce based on a 30x forward PE.

We have collated a list of recommendations from top brokerage firms from ETNow and other sources.

Equity markets always come along with their fair share of excitement and volatility. For a long-term investor, these events provide a clear opportunity to add quality stocks to their portfolio and be part of businesses that will show growth when the tide turns over.

I think on fundamentals alone the broader financial services sector presents attractive opportunities in insurance, wealth management etc. where we are seeing the structural trend in financialization playing out. Our investing style remains sector agnostic though.

Tata Communications shares: The board has recommended a final dividend of Rs 25 per share (250% on a face value of Rs 10) for FY25. The dividend will be paid after shareholder approval at the upcoming annual general meeting.

Cyient DLM shares: For the quarter ending March 2025, the company reported consolidated revenue of ₹428 crore, reflecting an 18.3% year-on-year increase. EBITDA rose by 50.9% YoY to ₹57.4 crore, with the EBITDA margin expanding by 290 basis points to 13.4%.

HCL Tech posted an 8% YoY rise in Q4FY25 net profit to Rs 4,307 crore, with revenue up 6% at Rs 30,246 crore. Despite a 6% sequential dip in profit, deal wins remained strong at $3 billion. FY26 guidance projects 2–5% revenue growth. Analyst views were mixed, with Nuvama upgrading to Buy and InCred downgrading to Hold .

Havells India shares: The company reported net revenue of ₹6,532 crore for the quarter, marking a 20.2% year-on-year rise from ₹5,434 crore in the corresponding quarter last year, driven by strong demand across product categories. Revenue also showed a notable sequential increase from ₹4,883 crore in Q3 FY25.

Nifty futures ended in the green on Tuesday, posting a modest gain of 0.12% to settle at 24,164 levels. Meanwhile, India VIX declined by 1.8%, closing at 15.23 in the previous session.