17 Sep 2025 | 5 Mins Read
Brokerages offer positive views on Eureka Forbes, REC
Flipitmoney
Brokerages remain optimistic on select mid-to-large cap names due to strong drivers and valuations. Nuvama initiated coverage on Eureka Forbes with a Buy rating and Rs 700 target, implying 20% upside. Motilal Oswal initiated coverage on Biocon with a Buy rating and Rs 410 target, a 13% upside. Religare Broking initiated coverage on REC Ltd with a Buy rating and Rs 466 target, a 22% upside.