Stocks to buy today | Jefferies India stock recommendations today: The Q2FY27 earnings season is in full swing, and various institutions are busy analysing the Q2 results 2026 of the Indian companies. In this regard, Jefferies India has analysed the Q2 results 2026 of Adani Energy Solutions, AU Small Finance Bank, Bharat Petroleum Limited (BPCL), and IDFC First Bank. The global investment bank remains bullish on these four shares following the announcement of these companies' Q2 results. However, the latest Jefferies India report has reduced the upside price targets for Adani Energy Solutions, AU Small Finance Bank, and BPCL shares.
Despite reducing the upside price target, the Jefferies India report has predicted 62% upside in this Adani Group share, saying, "We lower our SOTP-based PT to ₹1,980 (vs ₹2,060) given the EBITDA cut and continue to value AESL’s ex trading business EBITDA at 22x EV/EBITDA Sept 28E (8% disc. to 10-yr avg.). We maintain 5x EV/EBITDA Sept 28E for the trading business EBITDA, which is 12-18% of overall EBITDA, given the sustainable business profitability spread is yet to be ascertained. Trading is 3% of the SOTP value. Downside risks include 1) inability to maintain interest rate and 2) market share loss."
Adani Energy Solutions' share price finished at ₹1,220 per share on Friday.
Despite reducing the upside price target, the latest Jefferies India report has predicted 34% upside in AU Small Finance Bank shares, saying, “We lower earnings est by 1-5% to factor higher opex & tighter bancassurance fee norms. We see 23% CAGR in loans and 28% CAGR in profit over FY27-29 (normalised base of FY27), and ROE improving to 15-16%, with upside from strengthening franchise strength with a universal bank license. We make a slight cut in PT to Rs1,250 (from Rs1,270), based on 2.9x Dec-28E adj. PB. AU stays among our top-picks, and we see 25% Cagr compounding here.”
AU Small Finance Bank share price finished at ₹932.90 per share on Friday.