Due to the uncertainty created by the ongoing war in the Middle East, there is turmoil in the domestic as well as global markets. There was a decline in the Indian stock market for 3 consecutive days. On Friday’s trading day also, both the major benchmark indices closed trading in the red. Sensex fell by 1470.50 points or 1.93 percent to 74,563.92 points, while NSE Nifty 50 slipped by 488.05 points or 2.06 percent and closed at the level of 23,151.10. This market environment has increased the concern of investors. At the same time, brokerage firm Jefferies has included some companies in its underperform list. Let us know about this… Brokerage house Jefferies has advised caution regarding Wipro. According to the firm, the company’s shares may fall from the current level to around Rs 180. Which is about 21 percent less than its previous closing price of Rs 202.51 on BSE. The brokerage says that in the financial year 2026, the main revenue of the company may see a decline for the second consecutive year, because the demand in the consulting services segment remains weak. Brokerage house Jefferies has adopted a cautious stance regarding Cipla. According to him, pressure on the company’s earnings from America may increase in the coming times. The reason is that two of the company’s three major medicines are facing tough competition. At the same time, the supply of an important drug, Lanreotide, is being affected due to problems related to its manufacturing partner. Due to these challenges, the brokerage estimates that the company’s profit after tax in the financial year 2027 may decline by about 15 percent on an annual basis. For this reason the firm has maintained “underperform” rating on this stock.
Hyundai Motor India
Regarding Hyundai Motor India, brokerage house Jefferies believes that there is little scope for growth in the company’s shares. The brokerage has kept its target price at around Rs 1,900, which is almost equal to the previous closing price. However, they say that due to reasons like possible reduction in GST, better liquidity situation in the market and government salary increase, the demand for passenger vehicles in India may remain strong, but the increasing competition in the auto sector remains a challenge for the company.
