Stock market recommendations: Top stocks to watch on June 10, 2026

Kotak Institutional Equities maintained its buy rating on SBI with the target price at Rs 1,250. Analysts said FY26 was another year of steady execution for the country’s largest lender with no negative surprises. The year saw the bank navigating through continued net interest margin (NIM) compression, but loan growth and asset quality were better than expected. The growth versus NIM trade-off is set to intensify but its return on equities (RoE) should remain resilient despite these pressures. The stock’s valuation is at a comfortable level, but re-rating will require more conviction on the sustainability of RoE, analysts said.

Goldman Sachs has a buy rating on Interglobe Aviation (Indigo) with the target price at Rs 5,300. Analysts attended the management meet and had a few key takeaways. Firstly, Indigo remains well-positioned for growth given its about 900 outstanding order book (against its current fleet size of 441) with a larger focus on international. It expects to reach 40% international mix by FY30 (from 32% in FY26). This is despite FY27 capacity growth being single digit because of the recent fuel price disruption. And lastly, for the near-term, the management highlighted that yields are likely to remain strong amid significant cost side pressures. For FY27, Indigo expects capacity growth of single digit on a yearly basis (YoY).

HSBC has a hold rating on Nestle India with the target price at Rs 1,450. Analysts said Nestle’s milk products and nutrition (MPN) segment clocked only an 1% YoY revenue growth in FY26, even as other segments delivered a robust year. Its push on rural expansion was visible, while advertisement & marketing expenses grew 27% YoY in FY26. The company has a strong portfolio, but growth upgrades look difficult, and valuations are steep.

Jefferies has a hold rating on Infosys with the target price at Rs 1,235.

Analysts said the annual report analysis outlines its strategy to evolve from tech-implementer to a value-orchestrator. The sharp rise in R&D spend reflects Infosys' focus on building AI capabilities and continued rise in cost of software for own use shows intensifying efforts to automate delivery. Share of employees below the age of 30 years was at a 15-year low reflecting rising work complexity. With the CEO's second term ending in Mar ‘27, focus will be on succession plans.

Motilal Oswal Securities initiated its coverage of Gabriel India with a buy rating and the target price at Rs 1,266. Analysts said that the company is transforming into a scalable and diversified mobility platform. They see a significantly larger growth runway for the company. It’s gaining traction in the suspension business. The recent restructuring initiatives are driving long-term shareholder wealth creation. They also see strategic integration of Dana Anand to drive scale, while there’s a scope for broadening market presence through the Henkel Anand India integration. Analysts feel the company is building the next growth pillars through diversifying beyond suspensions via adjacencies and JVs. The company has a net cash balance sheet, lean working capital, and strong return ratios.

(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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