Stock Recommendations by Brokers for May 22, 2026
Buy or sell: Stock recommendation by brokers for May 22, 2026
Image: The Times Of India
Brokers have provided varied stock recommendations for May 22, 2026. Goldman Sachs maintains a neutral rating on Jubilant Foodworks with a target price cut to ₹460, while Nomura has a buy rating for BPCL at ₹365. Morgan Stanley remains optimistic about PI Industries with a target of ₹3,883, and Nuvama upgrades Grasim Industries to buy with a target of ₹3,546.
- 01Goldman Sachs cut Jubilant Foodworks' target price to ₹460, citing near-term margin pressures.
- 02Nomura's buy rating for BPCL reflects strong gross refining margins and anticipated growth from ongoing projects.
- 03Morgan Stanley's target for PI Industries is ₹3,883, with expectations of a return to positive revenue growth in FY27.
- 04Nuvama upgraded Grasim Industries to buy, increasing the target price to ₹3,546 due to improving demand in specific sectors.
- 05Domino's Pizza's like-for-like growth in India was only 0.2% YoY, indicating challenges ahead.
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Analysts have issued stock recommendations for various companies as of May 22, 2026. Goldman Sachs has maintained a neutral rating on Jubilant Foodworks, reducing the target price from ₹480 to ₹460 due to near-term margin pressures stemming from inflation in energy, wages, and raw materials. The company's earnings before interest, taxes, depreciation, and amortization (EBITDA) slightly exceeded estimates, aided by the classification of Dunkin' as discontinued operations. In contrast, Nomura has a buy rating on Bharat Petroleum Corporation Limited (BPCL), setting a target price of ₹365, driven by strong gross refining margins. Morgan Stanley remains positive on PI Industries, maintaining an overweight rating with a target price of ₹3,883, anticipating a return to positive revenue growth in FY27. Meanwhile, Nuvama upgraded Grasim Industries from hold to buy, increasing the target price from ₹3,336 to ₹3,546, supported by improving demand in the Cellulosic Staple Fibre sector. Analysts noted that Domino's Pizza's like-for-like growth in India was only 0.2% year-on-year, indicating potential challenges for the brand's growth trajectory.
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The stock recommendations could influence investor decisions and market performance in India, particularly in the food and energy sectors.
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