Brokerage Firms Begin Coverage of Key Corp Names

Brokerage houses unveiled fresh coverage on notable Indian companies: Nomura initiated Godrej Properties with a 'reduce' rating, citing stretched valuations; Jefferies started coverage on Adani Energy with a bullish outlook, projecting strong growth; while Motilal Oswal recommended Delhivery as a buy, noting its doubling of profitability.

These differentiated calls underscore evolving sectoral dynamics. Real estate is viewed with caution due to pre‑sales headwinds, whereas logistics and energy sectors are praised for improved margins, project pipelines, and resilience in demand. The coverage shift reflects analysts’ nuanced view toward select value and growth stories.

For investors, these reports offer cues for portfolio rebalancing. Long‑term orientation on logistics and energy may pay off amid infrastructure momentum, but conviction remains moderate in cyclical sectors. Portfolio impact could range from sector rotation to focused stock positioning around broker guidance.