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Tue, 08 Sept 2026
10:34:22 am
Tue, 08 Sept 2026
10:34:22 am
Rudransh Sangwan
Published at: September 8, 2026, 9:38 AM
Synopsis
Jefferies stock picks remain in focus as investors track market views across consumer, healthcare and auto component companies.
Jefferies has retained its Buy rating on Hindustan Unilever and Fortis Healthcare while naming Sona BLW Precision Forgings and Bharat Forge among its preferred auto component stocks. The brokerage sees further earnings growth across the companies, with its targets pointing to meaningful upside from current levels.
The calls cover three different themes. Jefferies expects premium products, rural expansion and better execution to support HUL, while Fortis could benefit from higher hospital occupancy, capacity additions and improving margins. In auto components, the brokerage sees stronger earnings growth than original equipment manufacturers.
Jefferies has retained its Buy rating on Hindustan Unilever with a target price of ₹2,450, implying around 25% upside from the level cited in the report. The brokerage expects premiumisation, new categories and wider distribution to support the company's growth.
HUL is also targeting cost savings over the next few years, with management planning to reinvest these savings into brands, media, pricing and distribution. Jefferies expects these initiatives to support margins over the medium term, although it has lowered its target from ₹2,850 because of near term margin pressure and a broader valuation correction across FMCG stocks.
Jefferies has also retained its **Buy rating on ** Fortis Healthcare with a target price of ₹1,125, representing around 23% upside based on the report.
The brokerage expects Fortis to benefit from higher occupancy, improving profitability and expansion at existing hospitals. Brownfield expansion and planned oncology capacity at hospitals including Jaipur and Faridabad are among the areas being watched.
Fortis has also faced investor attention after the Delhi High Court ordered a forensic audit into historical transactions. Jefferies believes the audit is unlikely to materially disrupt the company's operations, expansion plans or broader strategy.
Jefferies is also positive on Sona BLW Precision Forgings ** and ** Bharat Forge as auto component companies continue to show stronger operating performance than vehicle manufacturers.
The brokerage said the 20 auto component companies it tracks delivered 19% year on year EBIT growth in the June quarter, compared with 10% growth for OEMs. It also noted that nine companies received more than 3% upgrades to FY27 consensus earnings estimates during the September quarter.
Sona BLW and Bharat Forge are Jefferies' preferred names in the segment. The brokerage sees opportunities from expanding business relationships and growth beyond their traditional markets, although valuations across several auto component stocks are above their long term averages.
| Stock | Jefferies View | Target Price | Reported Upside |
|---|---|---|---|
| Hindustan Unilever | Buy | ₹2,450 | Around 25% |
| Fortis Healthcare | Buy | ₹1,125 | Around 23% |
| Sona BLW | Preferred pick | Not stated | Not stated |
| Bharat Forge | Preferred pick | Not stated | Not stated |
For investors tracking these Jefferies stock calls, the focus will now be on whether earnings growth, margin improvement and expansion plans support the brokerage's expectations. Bharat Forge was also identified by Jefferies as a preferred investment based on market share potential and electric powertrain expansion.
Jefferies has retained a Buy rating on Hindustan Unilever, with premiumisation, rural expansion and better execution supporting its positive view.
Jefferies has set a ₹2,450 target for Hindustan Unilever, according to the latest report.
Hindustan Unilever is in focus as Jefferies expects premium products, new categories, wider distribution and cost savings to support growth.
Jefferies remains positive on Fortis Healthcare and expects hospital expansion, occupancy improvement and stronger margins to support earnings.
Jefferies has retained its Buy rating on Fortis Healthcare with a ₹1,125 target price.
Fortis Healthcare remains in focus because of its expansion plans, improving hospital performance and the ongoing attention around the forensic audit.
Jefferies believes the audit is unlikely to materially disrupt Fortis Healthcare's operations, expansion plans or strategy.
Jefferies has identified Sona BLW Precision Forgings as a preferred auto component stock, supported by its earnings outlook and operating leverage.
The latest Jefferies call cited in market coverage has a ₹900 target for Sona BLW Precision Forgings.
Sona BLW is in focus as Jefferies sees stronger earnings momentum across auto component companies compared with vehicle manufacturers.
Bharat Forge is among Jefferies' preferred auto component stocks, with the brokerage seeing growth opportunities across its business segments.
The latest coverage cites a ₹2,500 target for Bharat Forge, reflecting the brokerage's positive view on its growth prospects.
Bharat Forge is in focus as Jefferies sees opportunities from its defence, aerospace and industrial businesses.
Hindustan Unilever, Fortis Healthcare, Sona BLW Precision Forgings and Bharat Forge are among the stocks highlighted in the latest Jefferies recommendations.
Hindustan Unilever is the FMCG stock highlighted in this Jefferies report, with a Buy rating and a ₹2,450 target.
Fortis Healthcare is the healthcare stock highlighted in the report, with Jefferies retaining its Buy rating.
Sona BLW Precision Forgings and Bharat Forge are Jefferies' preferred names in the auto component segment.
Jefferies sees stronger earnings momentum among auto component companies compared with OEMs and prefers Sona BLW and Bharat Forge.
Jefferies has a positive view on both Sona BLW and Bharat Forge, but their long term performance will depend on earnings growth, business expansion and valuations.
Among the companies covered in the report, Hindustan Unilever has the highest stated upside at around 25%, followed by Fortis Healthcare at around 23%.
Jefferies recommendations can be useful for understanding a brokerage's view, but investors should assess company fundamentals, valuations and risks before making investment decisions.
Hindustan Unilever's main growth areas include premium products, new categories, rural expansion, distribution and productivity improvements.
Fortis Healthcare could see growth from higher hospital occupancy, brownfield expansion, oncology capacity and improving profitability.
Sona BLW's outlook is linked to earnings growth, auto component demand and opportunities across newer automotive technologies.
Bharat Forge has growth opportunities across defence, aerospace, industrial applications and new business areas.
Jefferies' ₹2,450 target reflects its assessment of Hindustan Unilever's potential based on expected earnings and business improvements, but actual performance can differ.
Jefferies expects Fortis Healthcare's expansion, occupancy and margin improvement to support its ₹1,125 target, although market performance can vary.
Jefferies' positive view on Sona BLW is based on earnings growth and its position in the auto component industry, but the target is a brokerage estimate rather than a guaranteed outcome.
Jefferies sees growth potential for Bharat Forge across defence, aerospace and industrial businesses, but the ₹2,500 target remains a brokerage estimate
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