5 Stock to Sell: Brokerages Recommend Sell on Trent, Tech Mahindra, and Others Tata Elxsi reported a steady performance in its fourth quarter of fiscal year 2026, with revenue growth and margins aligning with expectations. The company’s improved execution across key segments, including continued traction from original equipment manufacturer clients, stabilization in automotive demand, and recovery in the media and communication sector, were highlighted by ICICI Securities. Despite these positives, the brokerage maintained a “sell” rating on the stock, citing a target price of Rs 4,380. This price implies a potential downside of 3.5% from current levels, reflecting caution about the stock’s near-term outlook. Persistent Systems, on the other hand, faced a slightly softer-than-expected performance in Q4FY26, with both revenue and margins falling short of estimates. BOB Capital Markets acknowledged the near-term miss but emphasized the company’s strong growth trajectory, projecting a US$2 billion revenue run rate by the fourth quarter of FY27. While the brokerage reaffirmed its belief in Persistent Systems as a growth leader in the IT sector, it retained a “sell” rating with a target price of Rs 3,611. This price suggests a potential upside of 28.7% from current levels, indicating a cautious but optimistic stance on the company’s long-term prospects. Tech Mahindra delivered a largely in-line performance in Q4FY26, according to Citigroup. The brokerage noted that the company executed reasonably well despite a challenging industry environment. However, Citigroup maintained a “sell” rating on the stock, with a target price of Rs 1,275. This price is below the current market price of Rs 1,416, signaling a cautious outlook for the near term.#icici_securities #citigroup #tata_elxsi #bob_capital_markets #persistent_systems
Tata Group Stocks Drop 32% Amid Market Volatility and Geopolitical Concerns Shares of Tata Group companies, including Tata Consultancy Services (TCS), Tata Chemicals, Tata Elxsi, Tata Motors Passenger Vehicles (Tata Motors PV), and Tata Technologies, have declined by up to 32% over the past six months. The downturn follows a market correction driven by concerns over U.S. tariffs under Donald Trump, the ongoing conflict between Israel and Iran, and broader geopolitical tensions. Tata Chemicals saw the steepest drop, falling 32.25%, while TCS lost 15%, Tata Elxsi declined 19%, Tata Motors PV dropped 29%, and Tata Technologies fell 23%. The Sensex and Nifty indices also fell sharply during the period, with the Sensex losing 9.34% or 7,659 points and the Nifty declining 8.35% or 2,096 points. Market uncertainty persists as U.S. President Donald Trump has imposed a deadline on Iran to reopen the Strait of Hormuz by 8:00 PM on Tuesday, threatening to destroy Iran’s power plants and bridges if it fails to comply. This escalation has intensified fears of further geopolitical disruptions, contributing to volatility in global markets. Analysts note that the combination of Trump’s policies, regional conflicts, and economic headwinds has pressured investor sentiment, particularly for multinational corporations with exposure to U.S. and Middle Eastern markets. Despite the decline, some brokerages have issued price targets and investment recommendations for Tata Group stocks, reflecting a mix of caution and optimism. Morgan Stanley, for instance, downgraded Tata Chemicals from “overweight” to “underweight,” slashing its price target from Rs 1,082 to Rs 566. The brokerage cited oversupply in global markets, rising energy costs, and a shift in sentiment toward the soda ash producer as key factors.#tata_motors_pv #tata_consultancy_services #tata_group #tata_chemicals #tata_elxsi
