Looking for the best stock picks today? Here are the top stock recommendations for June 2 from leading global brokerages, including CLSA, Goldman Sachs, Jefferies, Morgan Stanley, and JP Morgan. These expert insights cover top Indian companies such as Bajaj Auto, Ola Electric, Suzlon, Alkem Laboratories, and Godrej Consumer Products.
Bajaj Auto: CLSA Maintains ‘Outperform’ Rating
Target Price: ₹10,149
Brokerage: CLSA
CLSA has reaffirmed its outperform rating on Bajaj Auto. The firm believes that Bajaj Auto’s performance during the January-March quarter was steady, with EBITDA margins staying flat quarter-on-quarter and aligning with analyst expectations. Revenue growth was primarily driven by increased volumes and favorable pricing, thanks to a strong product mix.
Looking ahead, analysts forecast a 7% growth in two-wheeler volumes and a 12% increase in export volumes for FY26, signaling sustained demand.
Ola Electric: Goldman Sachs Reiterates ‘Buy’ Call
Target Price: ₹70
Brokerage: Goldman Sachs
Goldman Sachs has maintained its buy rating on Ola Electric. Although the company witnessed a drop in revenue for the Jan-Mar quarter, analysts attribute this to the strategic move to bring vehicle registrations in-house, which temporarily impacted volumes.
Management has confirmed that e-motorcycles have started reaching customers as of last week. Furthermore, Ola aims to achieve EBITDA break-even for its auto division by Q2 FY26. Battery cell production is also progressing, with yields currently at 63% and expected to be used in Ola vehicles once they exceed 80%.
Alkem Laboratories: Jefferies Downgrades to ‘Underperform’
Target Price: ₹4,460
Brokerage: Jefferies
Jefferies has downgraded Alkem Laboratories to underperform and cut its target price to ₹4,460. The company fell short of margin expectations in Q4, breaking an 18-month streak of improvements.
However, Alkem is shifting its focus toward higher growth, especially in the Indian market. The company is guiding for high-single-digit revenue growth in FY26 and expects double-digit growth in FY27.
Suzlon Energy: Morgan Stanley Rates ‘Overweight’ with Positive Outlook
Target Price: ₹77
Brokerage: Morgan Stanley
Suzlon received an overweight rating from Morgan Stanley, supported by a robust growth outlook. In its recent investor call, Suzlon’s management projected a 60% annual growth in its wind turbine generator (WTG) business, along with improved revenue, EBITDA, and PAT figures.
They also shared margin guidance of 23% for the WTG segment and a tax rate around 25%. The company has earmarked ₹400–₹450 crore for capital expenditure this fiscal year.
Godrej Consumer Products: JP Morgan Bullish on Growth Prospects
Target Price: ₹1,365
Brokerage: JP Morgan
JP Morgan continues to maintain its overweight rating on Godrej Consumer Products. The firm expects an uptick in the household insecticides segment over the medium term, with additional growth anticipated in air care and hair colour.
Analysts also foresee accelerated momentum in liquid detergents, deodorants, and body wash categories. India margins are expected to normalize by the second half of the fiscal year.
Conclusion: Investment Strategy for Today
For June 2, top stock picks include Bajaj Auto, Ola Electric, Suzlon, and Godrej Consumer, all showing promising growth prospects. Alkem Laboratories, however, may warrant caution due to margin pressures. Investors are advised to consider these recommendations in the context of their risk appetite and long-term goals.
