Global and domestic brokerages have issued fresh recommendations on multiple Indian companies ahead of Tuesday's trading session, covering sectors from healthcare and consumer staples to travel and financial services. The updated views reflect evolving market conditions and company-specific developments across various industries.

Healthcare Sector Outlook

Citi has maintained its positive stance on Apollo Hospitals, upgrading the target price to ₹9,600 from ₹9,330 while retaining a Buy rating. The brokerage believes near-term challenges are largely priced into the stock, improving the risk-reward proposition.

The hospital chain faces headwinds from losses in new hospitals and disruption in Bangladesh patient inflows. However, Citi expects the ramp-up in new facilities could drive over 100 basis points of margin expansion by FY28. The brokerage also noted that HealthCo is transitioning from a drag to a value creator as offline pharmacy scales.

Travel and Tourism Sector Updates

Jefferies has provided comprehensive updates across the travel ecosystem, maintaining Buy ratings while adjusting target prices based on sector dynamics. The brokerage sees resilience in 2026 despite current sector challenges.

Jefferies highlighted that airlines face capacity constraints due to new flight duty norms, while airports benefit from traffic recovery and retail scaling. The brokerage's sector preference order remains: Airports > Airlines > Hotels.

Consumer Staples and Discretionary

Britannia Industries received a significant upgrade from Jefferies, moving to Buy from Hold with a substantially raised target price of ₹7,300 from ₹6,350. The upgrade reflects expectations of improving conditions in 2026 following a challenging 2025 marked by muted demand and margin pressure.

Morgan Stanley maintained an Overweight rating on Titan Company with a target price of ₹4,062, following Q3 results that beat estimates with 40% jewellery revenue growth. The growth was driven by higher average selling prices rather than buyer additions, with buyer growth remaining flat during the quarter.

Energy and Industrial Sectors

Reliance Industries received continued support from Jefferies, which maintained a Buy rating while raising the target price to ₹1,830 from ₹1,785. The brokerage identified tariff hikes and Jio's potential listing as key catalysts for 2026.

Key Growth Drivers for Reliance Industries:

• Jio expected to be primary growth driver
• 13% consolidated EBITDA growth projected for FY27
• Retail growth recovery anticipated in FY27
• Additional optionality from FMCG, new energy and data centres

Banking and Financial Services

Nomura initiated coverage on IDFC First Bank with a Buy rating and target price of ₹105, citing the bank's entry into an operating leverage inflection phase. The brokerage expects strengthening earnings momentum with improving profitability and moderating credit costs as asset quality stress has been addressed.

Market Strategy and Outlook

Morgan Stanley's India Strategy team, led by Ridham Desai, presented an optimistic outlook for Indian equities. The brokerage expects positive earnings revisions ahead of consensus, supported by RBI policy measures and potential policy reforms including privatisation.

Strategic Preferences:

• Overweight: Financials, Consumer Discretionary, Industrials
• Underweight: Energy, Materials, Utilities, Healthcare
• Focus: Domestic cyclicals over defensives
• Key risks: Global slowdown, geopolitical escalation

Multiple companies have announced their third quarter business updates and corporate developments, with shares of Tata Motors Passenger Vehicles, Titan , Jubilant FoodWorks, Lodha Developers, and Godrej Consumer expected to be in focus during trading sessions.

Major Q3 Business Performance Updates

Several companies reported their quarterly performance metrics, showing varied results across different sectors and business segments.

Titan Company Delivers Exceptional Growth Across All Segments

Titan Company reported outstanding performance across all its business segments during Q3FY26, with consumer businesses registering impressive growth momentum. The company's comprehensive performance across different divisions demonstrates strong market positioning:

The company's jewellery revenue growth was driven by substantial average selling price increases, reflecting strong demand and pricing power in the premium segment. The robust 41% growth in the jewellery portfolio underscores Titan's market leadership in the gems and jewellery sector.

Jubilant FoodWorks Reports Double-Digit Revenue Growth

Jubilant FoodWorks demonstrated consistent growth across its operations, with both consolidated and standalone revenue showing positive momentum:

Tata Motors Passenger Vehicles Shows Mixed Production Results

Tata Motors Passenger Vehicles reported contrasting performance across different vehicle segments, with some models experiencing significant growth while others faced production challenges:

Real Estate and Financial Services Updates

Lodha Developers Reports Strong Pre-Sales Growth

Lodha Developers announced its quarterly performance with mixed results in sales and collections:

Other Notable Company Updates

Senco Gold reported significant revenue growth of 51% year-on-year, following previous quarters' growth of 6.5% in Q2 and 28% in Q1. The company launched 4 new franchise showrooms during Q3, expanding its total showroom network to 196 branches.

CreditAccess Grameen announced disbursements of ₹5,805.00 crore, representing a 9% quarter-on-quarter increase, with borrower additions at 2.10 lakh compared to 2.20 lakh in the previous quarter.

Corporate Developments and Order Wins

Several companies announced significant business developments and new contracts. IRB Infra Trust secured a 74.5 km highway project from NHAI, with a concession fee of ₹3,087.00 crore. AB Infrabuild received a ₹51.00 crore order for a Railway ROB project, while JD Cables secured a ₹244.00 crore work order for civil and electrical works.

Godrej Consumer expects gradual improvement in consumption patterns, with standalone business on track for double-digit Q3 revenue growth. The company anticipates its Personal Care segment to grow in mid-single digits, with consolidated revenue approaching double-digit growth levels.