April 2025 has proven to be an active month for equity investors with some of the major stocks making significant movements and a host of brokerages revising their picks. Whether a short-term trader or long-term investor, the revisions can prove useful in giving an insight into potential opportunities arising and risks emanating in the Indian stock market.
Here, we’ll take you through the recent stock recommendations of top brokerages like Motilal Oswal, ICICI Securities, Emkay Global, Prabhudas Lilladher, and more. We’ll examine significant upgrades, downgrades, target price revisions, and performance indicators reflecting the momentum in different sectors.
Top Buy Recommendations
Some of the stocks were given a “Buy” rating by top brokerages this April, reflecting high growth prospects and value creation in the near future.
1. Cipla – Target ₹1,730 | Upside: 14.19%
Broker: Prabhudas Lilladher | Date: 11 April 2025
Pharma giant Cipla has been put on a “Buy” suggestion with a price target of ₹1,730, providing an upside potential of 14.19% against its current market price of ₹1,515.00. The brokerage is based on the strong product pipeline momentum and encouraging export outlook, especially in the US generics sector.
2. Hindustan Aeronautics Ltd. (HAL) – Target ₹5,100 | Upside: 12.32%
Broker: Motilal Oswal | Date: 11 April 2025
HAL remains in investor focus with escalating defense spending and order flow visibility. Motilal Oswal retained its buy call on HAL with a ₹5,100 target price, which is more than 12% above its current price of ₹4,540.60.
3. Sun Pharmaceutical Industries – Target ₹2,400 | Upside: 34.22%
Broker: Emkay Global | Date: 10 April 2025
With a staggering upside potential of more than 34%, Sun Pharma was amongst the best bets of the month. Emkay Global believes this pharma major will gain from sustained growth in specialty and US generics business, supported by strategic acquisitions.
4. Tata Steel – Target ₹180 | Upside: 24.05%
Broker: ICICI Securities | Date: 10 April 2025
ICICI Securities is positive on Tata Steel with a target of ₹180, higher than current levels of ₹145.10. The brokerage is looking for steel price recovery and cost-saving efforts to lead the earnings improvement in the next couple of quarters.
5. Indian Hotels Company – Target ₹950 | Upside: 19.27%
Broker: Motilal Oswal | Date: 09 April 2025
Motilal Oswal has a positive view of Indian Hotels, citing COVID-recovery in travel and tourism demand, and operational efficiency. The target suggests a virtually 20% gain from the present levels.
6. Affle India – Target ₹1,880 | Upside: 15.6%
Broker: Sharekhan | Date: 08 April 2025
Affle India, digital marketing and consumer insights company, was given a Buy rating with a target price of ₹1,880. Sharekhan’s optimistic view is based on Affle’s growing global customer base and healthy topline growth.
7. Godrej Consumer Products – Target ₹1,325 | Upside: 7.98%
Broker: Emkay Global | Date: 07 April 2025
Consumer staples major Godrej Consumer Products also found a place on the list of buys, with Emkay Global finding space for almost 8% appreciation. The suggestion is based on robust domestic demand and product category innovations.
8. Vishal Mega Mart – Target ₹140 | Upside: 34.23%
Broker: ICICI Securities | Date: 07 April 2025
Retail stock Vishal Mega Mart has one of the highest upside potential this month. ICICI Securities has a target of ₹140 against its current price of ₹104.30, citing growth in India’s organized retail space and expansion in tier-2 and tier-3 cities.
9. Delhivery – Target ₹400 | Upside: 19.85%
Broker: Emkay Global | Date: 06 April 2025
Logistics technology platform Delhivery has experienced strengthening fundamentals and cost control. Emkay Global continues to be optimistic, with a target of ₹400, close to 20% above present levels.
Stocks That Have Already Met Their Target
A few suggestions given in the previous week of the month have already hit their targeted price levels, showing excellent short-term performance.
1. Tata Consultancy Services (TCS)
Present Price: ₹4,273.05
TCS was suggested by several brokerages in early April with targets of between ₹3,850 and ₹4,160. So far, the stock has already crossed all of those targets. Brokerages such as Motilal Oswal, Choice Equity, Sharekhan, and Prabhudas Lilladher were positive, attributing the strong deal wins, digital growth, and robust margins. The sudden spike reflects the stock’s intrinsic strength and investor confidence in the IT giant.
2. Archean Chemical Industries – Target ₹675
Broker: ICICI Securities | Date: 09 April 2025
The stock hit its target of ₹675, supported by robust export demand and capacity growth.
3. Godrej Properties – Target ₹2,515
Broker: ICICI Securities | Date: 08 April 2025
Godrej Properties also reached its target, spurred by robust pre-sales figures and upbeat sentiment in the real estate space.
4. Siemens – Target ₹3,233
Broker: Prabhudas Lilladher | Date: 07 April 2025
Siemens has surpassed its estimate. The suggestion was underpinned by robust infrastructure and industrial automation orders.
For official PDF, visit: https://stocktradeupdates.com/recommendation/
Hold Recommendations and Downgrades
Not all the brokerages remained bullish. Some companies were downgraded to “Hold” or were held with a negative view.
1. Westlife Foodworld – Target ₹800 | Upside: 0.5%
Broker: Motilal Oswal | Date: 25 April 2025
This quick-service restaurant chain operator was assigned a Hold rating, with its target price of ₹800 indicating limited upside from the current price of ₹796.05. Increasing input costs and lackluster same-store sales expansion were highlighted as major concerns.
2. Alkyl Amines Chemicals – Target ₹1,610 | Downside: -18.52%
Broker: Motilal Oswal | Date: 09 April 2025
Motilal Oswal changed Alkyl Amines to Hold, attributing slowdown in demand and price pressure in the specialty chemicals business.
3. Tata Steel – Target ₹140 | Downside: -3.51%
Broker: Motilal Oswal | Date: 09 April 2025
Interestingly, while ICICI Securities recommended a “Buy” on Tata Steel, Motilal Oswal recommended a “Hold” at a lower target of ₹140. The difference reflects varying expectations regarding global steel prices and regional demand recovery.
4. KEI Industries – Target ₹3,000 | Downside: -30.33%
Broker: Motilal Oswal | Date: 08 April 2025
KEI Industries got a sharp correction in target price by Motilal Oswal, downgrading it to Hold. Margin worries and muted order inflows were the key reasons behind the downgrade.
Conclusion: Sector Highlights and Investor Strategy
April 2025 had a mixed bag of downgrades and upgrades, with multiple sectors being notable:
Pharma and Healthcare: Shares such as Cipla and Sun Pharma are likely to gain from global growth and normalization in supply chains.
Defense and Infrastructure: HAL and Siemens remain to be the star performers in the face of government-sponsored capex drives.
Consumer and Retail: Godrej Consumer and Vishal Mega Mart show the increasing trend of consumption in India.
IT Sector: TCS’ dual target success marks resilience and strength in the face of global uncertainty.
Metals and Chemicals: Mixed messages, with Tata Steel having opposing views from various brokerages, and Alkyl Amines being challenged.
For investors, this information gives a balanced perspective of where institutional funds are moving and which areas can outperform or underperform in the short term. While the Buy-rated stocks present good entry points, the Hold-rated stocks can be observed for stability in price or reversal signals before fresh investment is made.
It is always necessary to match stock suggestions with your investment aims, risk tolerance, and diversification strategy for the portfolio. Being well-informed through brokerage analysis and following updates on a regular basis will enable you to make decisions with confidence.
