**Top Stocks to Watch on January 20 for Brokerages**
**Infosys: An All-Round Beat**
Bernstein has maintained its ‘outperform’ call on Infosys with a target price of Rs 2,330 (+28%). Analysts are raving about the company’s performance during the Oct-Dec quarter, highlighting an all-round beat across revenue, margin, and earnings. Additionally, Infosys has raised its FY25 revenue growth guide by 60 basis points to 4.5-5%, surpassing street estimates. The company is seen as riding an upcycle in large-cap IT services, with the best earnings of the season.
**Reliance Industries: Back on the Growth Path**
Morgan Stanley has an ‘overweight’ call on Reliance Industries with a target price of Rs 1,662 (+28%). Analysts are optimistic about the company’s return to a growth trajectory after facing challenges for six months. The results from the Oct-Dec quarter have provided elements for the stock to re-rate, signaling positive momentum ahead.
**Axis Bank: Beating Estimates**
CLSA has an ‘outperform’ call on Axis Bank with a target price of Rs 1,400 (+41%). Analysts are impressed by the profit beat in the Oct-Dec quarter, surpassing estimates by 5%. This success was mainly driven by lower expenses, although the topline slightly missed expectations. Axis Bank’s performance is being closely monitored in the market for further developments.
**SBI Life Insurance: Growth Trajectories**
Emkay Global Financial Services has upgraded SBI Life Insurance to a ‘buy’ from ‘add’ with a revised target price of Rs 1,850 (+27%). Analysts are lauding the company’s impressive performance in the Oct-Dec quarter, especially highlighting the growth rebound in the bancassurance channel. SBI Life Insurance’s growth and profitability trajectories are on a steady path, providing investors with predictable outcomes.
**LTI Mindtree: Strong Deal Pipeline**
Centrum Broking has given a ‘buy’ rating on LTI Mindtree with a target price of Rs 7,188 (+22%). Analysts are anticipating sustained revenue growth momentum in the current quarter, supported by the ramp-up of recently signed deals, AI project deployments, and the revival of discretionary spending in the tech space. The deal pipeline for LTI Mindtree remains robust, driven by cost optimization and vendor consolidation deals, offering medium-term visibility for investors.
**Conclusion**
In conclusion, these top stocks are generating significant interest among brokerages for their promising performance and growth potential. Investors are urged to consult with qualified investment advisors or financial planners before making any investment decisions.
