Jefferies, Nomura initiate coverage on 5 stocks

Nifty22, 776.10220.35. Motilal Oswal Midcap Fund Direct-Growth.

Key points

• Global brokerage BofA Securities initiated coverage on Tata Group's Trent with a 'Purchase' rating and a rate target of Rs 3, 075 per share, implying 19.5% upside.
• Jefferies initiated coverage on Dhoot Transmission with a 'Purchase' rating and a rate target of Rs 1, 730, implying 14% upside.
• Macquarie initiated coverage on the stock with an 'Outperform' rating and a target cost of Rs 1, 700, implying 30% upside from current levels.
• Jefferies, Nomura and Macquarie initiate coverage on 5 stocks with up to 30% upside potential.
• The international brokerage described NSE as "The Dominator", citing its leading market share and solid market position.

Jefferies, Nomura and Macquarie initiate coverage on 5 stocks with up to 30% upside potential. See full list Written by Veer Sharma. Oct 06, 2026, 11: 20: 52 AM IST.

For context, a host of domestic and global brokerages have initiated coverage on select Indian stocks throughout sectors such as travel and consumer discretionary. Analysts are bullish on names including Trent and IndiGo and see solid upside from current levels. Here are five stocks that lately received brokerage coverage.

Jefferies initiated coverage on Dhoot Transmission with a 'Purchase' rating and a rate target of Rs 1, 730, implying 14% upside. While its expanding product portfolio could provide another leg of expansion, the brokerage sees the auto component maker as a key beneficiary of rising two-wheeler demand, premiumisation and electrification.

Nomura initiated coverage on InterGlobe Aviation, the parent of IndiGo, with a 'Purchase' rating and a target rate of Rs 6, 000, implying around 21% upside from its September 30 closing cost of Rs 4, 984. The brokerage believes IndiGo's sizeable aircraft order book, low-cost structure and growing international network can assist it emerge stronger even if elevated fuel rates persist.

Global brokerage BofA Securities initiated coverage on Tata Group's Trent with a 'Purchase' rating and a rate target of Rs 3, 075 per share, implying 19.5% upside. The brokerage cited the company's differentiated retail platform, solid expansion prospects, and integrated technology and supply-chain capabilities. "Trent has built a differentiated portfolio across apparel, fashion, beauty, food & grocery, and emerging consumer lifestyle concepts, " the analysts remarked.

Macquarie last month initiated coverage on NSE with an 'Outperform' rating and a target cost of Rs 1, 965 per share, implying more than 14% upside from the stock's previous close of Rs 1, 723. The international brokerage described NSE as "The Dominator", citing its leading market share and solid market position.

Macquarie initiated coverage on the stock with an 'Outperform' rating and a target cost of Rs 1, 700, implying 30% upside from current levels. The brokerage expects CleanMax's installed base to more than double to around 8 GW by FY29E. It sees repeat C&I business and exposure to data and AI transactions supporting expansion and longer-term earnings upside in India's underpenetrated C&I renewables market.

Disclaimer: This article has been written by Veer Sharma. This person is not a SEBI-registered Research Analyst or an Investment Adviser. Veer Sharma and his/her 'relative(s)' (as defined under Section 2(77) of the Firms Act, 2013) do not hold any financial interest in the businesses mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/documented with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and create their investment decisions based on their own assessment. Brokerage disclaimers here.

In short, jefferies, Nomura initiate coverage on 5 stocks is the central thread here, and readers can expect follow-up reporting as the picture becomes clearer.