Stocks such as Lenskart, Mahindra and Mahindra and ITC drawing fresh broker action is the main keyword driving equity market focus today as analysts revise targets and ratings following strong Q2 results and supportive technical indicators. Institutional commentary points to renewed confidence across consumer, auto and diversified FMCG names.
Market attention has shifted toward companies that reported steady earnings resilience despite mixed macro conditions. Broking firms highlight improving balance sheets, margin stability and sector specific tailwinds that could support upside through the next quarter. Technical indicators such as volume expansion, moving average breakouts and relative strength readings have also strengthened the bullish case for these stocks.
Why Lenskart is gaining analyst attention after quarterly numbers
Lenskart has received increased coverage from equity analysts after delivering strong growth in its eyewear business driven by expansion in offline stores, rising online penetration and improving unit economics. Q2 results showed healthy revenue momentum supported by higher average order values and increasing adoption of premium product lines. The company continues to benefit from its hybrid retail model, which allows deeper presence across metros and tier two markets.
Brokerages also point to improved profitability metrics as supply chain efficiencies and cost controls begin to reflect in quarterly performance. Investor interest has increased around the company’s international push, particularly in the Middle East and Southeast Asia, where early store performance has been encouraging. Technical charts show the stock holding above key support zones with rising delivery volumes, indicating accumulation by institutional investors.
Analysts note that the broader discretionary consumption environment remains stable, which could support continued growth for Lenskart. However, they also flag competitive intensity in the eyewear sector and rising promotional spends as factors that need monitoring.
Mahindra and Mahindra sees rating upgrades on strong auto momentum
Mahindra and Mahindra has attracted fresh broker action following a strong quarter driven by robust SUV sales, improving rural sentiment and healthy demand across farm equipment. The company reported solid volume growth and improved margins supported by pricing discipline and lower commodity costs. Analysts expect the SUV cycle to remain favourable as order books for key models remain elevated.
Broking firms note that M and M’s capital allocation remains disciplined with increased focus on core verticals, including electric vehicles, commercial vehicles and farm machinery. The company is pushing ahead with its EV strategy, which has become a key area of interest for long term investors tracking India’s transition to cleaner mobility.
Technical indicators show strength as the stock continues to trade near its recent highs, supported by strong momentum readings. Analysts see potential for further upside provided demand trends remain stable and input costs stay benign. They also point out that monsoon patterns and rural income trends will influence growth in the farm segment over the next few quarters.
ITC benefits from stable earnings, diversified performance and portfolio strength
ITC has seen renewed broker interest as its diversified business structure delivered another stable quarter. The cigarettes business reported steady volume growth while the FMCG segment continued to strengthen with improved distribution, higher penetration and expanding market share across key categories. The hotels and paperboard segments also contributed positively, supported by improving demand conditions.
Analysts emphasise that ITC’s ability to maintain margins across cyclical segments has been a key reason for positive outlook upgrades. Broking houses also highlight the company’s cash reserves and strong return ratios, which support further investments in growth areas. The stock’s long term technical structure shows strength with stable accumulation near major moving averages.
The near term outlook remains constructive as ITC benefits from stable demand across consumer staples, recovery in discretionary categories and a healthier operating environment for hotels. Analysts note that any regulatory changes in tobacco could influence investor sentiment but remain confident about the company’s diversified model.
Market sentiment improves as strong Q2 results reinforce fundamentals
Broking firms overall remain positive on companies that displayed earnings resilience during Q2. Sectors linked to consumption, autos and diversified FMCG businesses gained traction as investors looked for stability amid global uncertainty. Strong domestic fundamentals, rising urban demand and a more stable commodity environment have all contributed to favourable analyst revisions.
Technical analysts also point out that stocks with strong Q2 numbers are showing positive price action patterns, indicating that institutional investors are building positions ahead of the next earnings cycle. Market volumes remain healthy, and mid to large cap names are seeing incremental participation.
The broader equity environment is expected to stay constructive as long as macro indicators remain stable. However, analysts caution that global data releases, currency movements and commodity volatility could create short term swings. Investors are being advised to focus on companies with consistent earnings trajectories and strong balance sheets.
Takeaways
Lenskart, Mahindra and Mahindra and ITC are seeing fresh broker action after robust Q2 results.
Strong fundamentals and favourable technical indicators support positive sentiment on these stocks.
Lenskart gains from expanding retail operations while M and M benefits from strong SUV and farm performance.
ITC’s diversified businesses continue to deliver stable growth and margin strength.
FAQs
Why are analysts revising targets on these stocks now?
Broking firms are updating targets based on Q2 results that showed strong revenue growth, improving margins and healthy operating performance across key segments.
Which stock has shown the strongest technical momentum?
All three show supportive technical structures, but M and M and Lenskart display stronger momentum due to volume expansion and trend strength near recent highs.
Is ITC still considered a defensive stock?
Yes. Its diversified portfolio, stable cash flows and consistent margins keep it in the defensive category while still offering growth drivers across FMCG and hotels.
Should investors buy these stocks after the broker upgrades?
Investors should evaluate their risk tolerance and investment horizon. The outlook is positive, but decisions should align with long term financial goals.
