HDFC Securities research reports

MCX share price target

MCX is scaling new heights & continuing to deliver a compelling growth story. Buy for target price of ₹2950 (22% upside): HDFC Sec

Arjun March 25, 2026

MCX's options portfolio is now well-diversified, with gold and silver contracts contributing ~30% of...

Electronics Powering India’s Defence Upcycle

Defence growth trajectory offers a multi-year compounding story: HDFC Securities

Arjun March 7, 2026

Elevated orderbook to sales ratios, led by a large pipeline of complex platforms, ensure...

LG Electronics India share price target

LG Electronics is a high-quality consumer franchise with strong cash generation, leadership positioning and long-term growth visibility. Buy for Bull Case Fair Value of ₹1780 (16% upside): HDFC Sec

Arjun December 29, 2025

Going forward, the company has outlined a clear strategy to maintain its leadership position...

Siemens energy india share price target

Siemens Energy remains at the forefront of delivering essential technologies for grid stability, power generation and clean energy. Buy for target price of ₹3482 (16% upside): HDFC Securities

Arjun December 12, 2025

Post-demerger, SEL is well-positioned to support India's energy transition: SEL stands as a direct...

Eureka Forbes share price target

Eureka Forbes is turning strategic vision into sustainable growth. Buy for target price of ₹830 (44% upside): HDFC Securities

Arjun November 25, 2025

Robust business model; strong cash flows

Mahindra Lifespaces share price target

Mahindra Lifespaces is well-poised for growth with launch heavy year ahead. Buy for target price of ₹700 (83% upside): HDFC Securities

Arjun November 22, 2025

Building on the exceptional FYTD26 business development of INR 95bn, MLDL's aggressive growth trajectory...

Sobha share price target

Sobha is on track for a record year. Buy for target price of ₹2459 (67% upside): HDFC Securities

Arjun October 8, 2025

SDL is expected to clock INR 100bn+ in sales for FY26 (+70% YoY), supported...

Ather Energy share price target,

Ather Energy is the top pick due to its strong growth with improving cost structure. Target price ₹748 (31% upside): HDFC Sec

Arjun September 18, 2025

We upgrade the financials, with positive EBITDA now expected in FY28. Considering another inflection...

irm energy share price target

IRM Energy’s investments in CNG segment to drive growth. Buy for target price of ₹440 (60% upside): HDFC Sec

Arjun September 17, 2025

IRM expects the strong growth recorded in CNG volumes in Q1FY26 (+21% YoY) to...

DLF Share Price Target,

DLF is replicating its playbook in Mumbai, with its maiden launch – DLF West Park. Buy for target price of ₹988 (16% upside): HDFC Sec

Arjun July 24, 2025

Over the years, DLF has created a new benchmark and addresses in the NCR...