Brokerages have initiated coverage on three Indian companies—Kirloskar Oil Engines, APL Apollo Tubes, and Union Bank of India—assigning 'buy' ratings to all three.
The new research notes imply potential returns of 16% to 24% based on Monday's closing prices, positioning these stocks as attractive entry points for investors seeking value in the current market environment.
Kirloskar Oil Engines, a manufacturer of diesel and gas engines, received the highest implied upside at 24%.
Kirloskar Oil Engines, a manufacturer of diesel and gas engines, received the highest implied upside at 24%.
APL Apollo Tubes, a major player in the building materials sector, was highlighted as a strong play in its industry.
Union Bank of India, a public sector lender, also secured a buy rating, reflecting broader confidence in the banking sector's resilience.
The initiation of coverage comes as global markets remain unsettled by geopolitical tensions and shifting inflation dynamics.