Adani Energy Solution, Minda Corp & more: Top stocks to watch on June 9

Jefferies has a buy rating on Adani Energy Solutions with the target price at Rs 1,665. Analysts attended the recent management meet. According to the analysts the key takeaways were: It’s India’s only listed private sector pure play on transmission & distribution assets. The company’s management highlighted that India’s transmission outlook remains robust. The near-term bid pipeline is Rs 1.5 lakh crore against Rs 54,000 crore by end-FY25. The company is executing Rs 71,800 crore worth of transmission projects, up 20% on the year (YoY). Smart meter project is ramping up well and is a key growth driver going forward. The company is locked-in for double-digit medium-term growth.

Haitong has initiated its coverage of Minda Corp with an outperform rating, with the target price at Rs 841. Analysts said the company is accelerating growth through premiumisation and electrification. The company is a diversified, sticky OEM franchise with order-book visibility. Its well-positioned to deliver sustained growth ahead of the broader auto industry over the next 4–5 years. The company’s new businesses are entering the revenue ramp-up phase. It has a powertrain-agnostic portfolio driving long-term EV opportunity. Analysts expect revenue, earnings before interest, taxes, depreciation, and amortisation (EBITDA) and earnings per share (EPS) compounded annual growth rates (CAGRs) of 19.1%, 21.2% and 19.1%, respectively, over FY26–FY29.

Goldman Sachs maintained its buy rating on Shyam Metalics with the target price at Rs 1,050. Analysts said the company’s estimated May 2026 revenue at Rs 1,780 crore, representing a 16.5% YoY increase. The company reported positive price variance across its product portfolio for the month of May. Its newly commissioned cold-rolled coils and pig iron capacities are delivering strong YoY volume growth. Its aluminium foil volumes faced impact from product mix shifts, though realizations are demonstrating healthy growth.

Elara Capital maintained its buy rating on Titan with the target price revised to Rs 5,100 from Rs 5,350 earlier. The company’s FY30 roadmap targets abouts 20% annual revenue growth, aiming to double consolidated revenues by the end of the period. The jewellery market share goal increased to 11% by FY30 (from 8.5% in FY26). Its now targeting a total network of 1,400 stores. CaratLane revenue doubled to Rs 4,700 crore over FY23–FY26. Now the company has set a target of 2x revenue and 2.5x EBIT by FY30. Titan’s international business achieved margin positivity for the first time in FY26. Damas expected to deliver high-single-digit EBIT margins by CY29. Watches and eyewear segments both targeted to double their scale by FY30, following a doubling of automatic watch volumes in FY26.

Morgan Stanley maintained its underweight rating on Wipro with the target price maintained at Rs 192. Analysts said the company’s near-term growth outlook remains clouded by portfolio and client-specific challenges, though no incremental deterioration was observed in the current April-June quarter (Q1FY27). Analysts projected Wipro to continue lagging behind industry peers in quarter-on-quarter revenue growth. They maintained the medium-term margin guidance of 17–17.5%, but warns that upcoming wage hikes may suppress margins below this range in the near term. They also noted that revenue compression stems from severe industry-wide competition rather than just AI-driven productivity gains being passed to clients. Analysts observed that modern deal structures are blurring the lines between organic and inorganic growth, with strategic contracts often requiring upfront productivity commitments. They highlighted a non-linear AI adoption curve where client spend involves the simultaneous cannibalization of existing services and the buildup of new AI-focused offerings.

(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)

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