Buy or promote: Stock recommendation by brokers for September 3, 2025

Citigroup has a purchase on Nuvoco Vistas with the goal worth at Rs 475. Analysts stated that the corporate has introduced plans so as to add 4 million tonne/annum (MTPA) cement grinding capability in East at a minimal capex of Rs 200 crore, largely via debottlenecking. Together with the continued restart of acquired Vadraj property, this might take the corporate’s complete capability to 35MTPA. Cement worth hikes have helped elevate Nuvoco’s earnings. The firm additionally seems to be specializing in volumes and sure gained market share in April-June quarter (Q1FY26). Channel checks point out that costs have largely sustained at 1Q exit ranges via Jul-Aug. Slowing tempo of capability addition within the East/Central seemingly recommend restricted medium time period pricing strain, which ought to assist Nuvoco’s steadiness sheet and funding of the Vadraj acquisition.Motilal Oswal Securities upgraded Phoenix Mills to purchase with the goal worth at Rs 2,044. Analysts stated commissioning of latest malls to drive progress past FY27. They estimated 21% compounded annual progress fee (CAGR) in retail rental earnings over FY25-27 to achieve Rs 2,800 crore by FY27, whereas workplace portfolio would surge by about thrice and the resort section to learn from sturdy momentum.HSBC has a purchase recommendation on Bharti Airtel with the goal worth at Rs 2,200. Analysts stated the corporate’s progress levers are intact with rising cell common income per person (ARPU), increasing house broadband subscribers, rising free money move and progress in dividends.CLSA has an outperform score on Bajaj Finance with the goal worth at Rs 1,150. Analysts stated that the corporate’s AI-led initiatives stay a key focus, with 100 use circumstances to be deployed in FY26. These will assist improve operational effectivity, enhance cross-selling income and are anticipated to decrease the cost-to-income ratio. They additionally stated that the influence of repo fee cuts has began flowing via, and administration expects 10 foundation factors web curiosity margin (NIM) growth over the yr from present ranges. In the SME financing section, the corporate has began trimming progress to curtail any asset high quality points.Nuvama has a purchase score on Asian Paints with the goal worth at Rs 2,935. Analysts stated that the corporate’s precedence is to guard market share with 18–20% EBITDA margin within the medium-to-long time period. Demand for its merchandise is stabilising and a gradual revival is probably going. The firm is witnessing sturdy rural demand whereas its city markets are exhibiting regular indicators of restoration. They additionally stated that Asian Paints’ competitors is rationalising. Raw materials prices are benign and prone to keep steady via FY26. The firm’s industrial enterprise stays sturdy with 8.8% annual progress in Q1FY26.Disclaimer: The opinions, analyses and suggestions expressed herein are these of brokerage and don’t mirror the views of The Times of India. Always seek the advice of with a certified funding advisor or monetary planner earlier than making any funding selections.