Brokers refresh calls: HSBC buys SRF, Jefferies backs Grasim, Nomura eyes Adani Ports' Europe push
A four-way reset on conglomerate-linked names: HSBC initiates SRF as a buy, Jefferies turns bullish on Grasim citing balance-sheet firepower, Nomura flags Adani Ports' marine expansion into Europe, and CLSA holds Tata Power arguing the worst is behind it. Signal for retail-adjacent reads on Tata, Adani and Birla group capex appetite.
Brokers update calls on conglomerate-linked stocks: HSBC initiates buy on SRF, Jefferies bullish on Grasim citing capital availability, Nomura sees Adani Ports expanding marine business in Europe, CLSA holds Tata Power saying worst is over.
Why this matters
Broker resets cluster around conglomerate-linked names, with Adani Ports' Europe marine push framed as a capex-led growth lever alongside Grasim's firepower and Tata Power's stabilization.
Retail-company theme steady at 274 signals in the last 90 days.