Wipro Ltd. dominated brokerage commentary on Thursday after the company issued weaker-than-expected revenue guidance and flagged continued client uncertainty due to global tariff concerns. Brokerages including Citi, BofA Securities and Investec trimmed price targets and earnings estimates, signalling another tough year ahead for the tech major.

Meanwhile, Morgan Stanley cut targets across several consumer discretionary names, even as it stayed bullish on disruptors like Trent Ltd. In the travel and hospitality space, HSBC raised its price target on Interglobe Aviation Ltd., citing strong trading trends.

NDTV Profit tracks what analysts are saying about various stocks and sectors. Here are the analyst calls to watch on Thursday.

Brokerages On Wipro

Citi

  • Retains a ‘sell’ rating on the stock and lowers target price to Rs 215 apiece from earlier Rs 240, implying a potential downside from the previous close.

  • First quarter guidance is well below expectations.

  • Management commentary suggests tariffs have created significant uncertainties for clients.

  • Multiple segments such as manufacturing, consumer, banking and financial services, and Europe are impacted.

BofA Securities

  • Retains an ‘underperform’ rating on the stock and lowers target price to Rs 225 apiece from earlier Rs 260, implying a potential downside from the previous close.

  • Fourth quarter revenue and first quarter outlook are below expectations.

  • The expectation of a catch-up in growth could persist into the fiscal year ending March 2026.

  • Improved market share in the European manufacturing and high-tech segments is key to narrowing the growth gap versus peers.

Investec

  • Retains a ‘hold’ rating on the stock and lowers target price to Rs 250 apiece from earlier Rs 260, implying a potential downside from the previous close.

  • The fiscal year ending March 2026 is likely to see another year of revenue decline.

  • Revenue decline is weaker than consensus estimates.

  • Fiscal year ending March 2026 would mark the third consecutive year of revenue decline.

  • Expanding earnings before interest, tax, depreciation and amortisation margin in the fiscal year ending March 2026 appears difficult.

  • Weak revenue guidance for the first quarter reflects continued uncertainty.

  • Cuts earnings per share estimates by 4.6% for fiscal year 2026 and by 6% for fiscal 2027.

Morgan Stanley On Consumer Discretionary

  • Vedant Fashions: Downgrades to ‘equal-weight’ from ‘overweight’ and lowers target price to Rs 850 apiece from earlier Rs 1,194, implying a potential downside from the previous close.

  • Aditya Birla Fashion: Upgrades to ‘equal-weight’ from ‘underweight’ and lowers target price to Rs 269 apiece from earlier Rs 271, implying a potential downside from the previous close.

  • Trent: Retains an ‘overweight’ rating and lowers target price to Rs 6,359 apiece from earlier Rs 7,184, implying a potential upside from the previous close.

  • Brainbees Solutions: Retains an ‘overweight’ rating and lowers target price to Rs 574 apiece from earlier Rs 719, implying a potential upside from the previous close.

  • Consumer discretionary landscape remains largely localised in terms of sourcing and end markets.

  • Continues to favour businesses with strong competitive advantages, as well as disrupters and self-help stories.

  • Does not expect investors to take a broad-based approach to the sector anymore.

  • Valuation multiples could compress where medium-term growth outlook is unclear.

  • Names like Titan and Vishal MegaMart seen as market leaders that can defend their positions.

  • Trent and Jubilant FoodWorks seen as disrupters and self-help stories.

  • Aditya Birla Fashion’s ability to deliver on its aggressive growth targets remains uncertain, but downside risk is limited and risk-reward appears balanced.

  • Vedant Fashions’ segment has potential for growth, but this may come at the expense of Ebitda margin.

Morgan Stanley On Adani Ports

  • Retains an ‘overweight’ rating on the stock and raises target price to Rs 1,418 apiece from earlier Rs 1,415, implying a potential upside from the previous close.

  • Highlights the company’s resilient business model with diversified cargo and geographical mix.

  • India’s rising share in global goods exports bodes well for cargo volume growth.

  • Commends strategy to leverage integrated business model to reduce Ebitda sensitivity to cargo volumes.

Investec On Angel One

  • Retains a ‘buy’ rating on the stock and a target price of Rs 2,700 apiece, implying a potential upside from the previous close.

  • Profit after tax was in line due to a one-time saving in employee costs.

  • Notes some traction in new initiatives, although these contribute just 3% of net revenue.

  • Earnings growth is expected to remain weak in the fiscal year ending March 2026.

HSBC On Travel And Hotels

  • InterGlobe Aviation: Retains a ‘buy’ rating and raises target price to Rs 5,975 apiece from earlier Rs 4,940, implying a potential upside from the previous close.

  • SpiceJet: Retains a ‘reduce’ rating and lowers target price to Rs 25.1 apiece from earlier Rs 26, implying a potential downside from the previous close.

  • Indian Hotels: Retains a ‘buy’ rating and raises target price to Rs 944 apiece from earlier Rs 845, implying a potential upside from the previous close.

  • Sector continues to see exceptionally strong trading.

  • Fourth quarter performance benefited from the Maha Kumbh event and constrained supply.

  • No major headwinds expected for hotels in the near term.

  • Airlines face cost pressures, though lower oil prices and strong yields may provide a cushion.

Bernstein On Telecom

  • Telecom sector has remained the most defensive space amid recent market volatility.

  • A potential tariff hike could improve revenue visibility and act as a short-term catalyst.

  • Bharti Airtel remains top pick, supported by strong defensive attributes.

  • Strong free cash flow and ongoing deleveraging expected to enhance return on capital employed.

  • Regulatory environment remains supportive.

  • Bharti Airtel: Retains a ‘buy’ rating and raises target price to Rs 2,020 apiece from earlier Rs 1,900, implying a potential upside from the previous close.

UBS On Pharmaceuticals

  • Mirabegron litigation outcome in the United States district court has gone against Zydus and Lupin.

  • The drug is an at-risk launch for both companies.

  • Zydus generated over $200 million in the fiscal year 2025, while Lupin generated more than $100 million.

  • The next step is for the companies to appeal the ruling at the Federal Court.

  • Following the adverse verdict, at-risk generic sales could now decline.

. Read more on Markets by NDTV Profit.Here are all the top calls from analysts you need to know about on Thursday.  Read MoreMarkets, Business 

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