Brokerage Buzz: NHPC Soars, BHEL Gains, Zomato Target Cut Amid Market Shifts

• CLSA gives NHPC a high-conviction outperform call with a ₹117 target, projecting a 42% upside and significant capacity/EPS growth by 2026.
• Jefferies and Bernstein analyze potential easing of restrictions on Chinese companies in government contracts, impacting L&T, Afcons, BHEL, while benefiting Power Grid and NTPC.
• UBS is positive on BHEL, setting a ₹375 target after a ₹5,400 crore order for a coal gasification plant, marking a key technological milestone.
• Jefferies notes a global oil surplus, benefiting OMCs like BPCL, HPCL, IOCL with stable crude prices and strong refining/marketing margins.
• Goldman Sachs maintains "buy" on Zomato but cuts target to ₹375 due to quick commerce growth concerns, yet affirms strong unit economics and long-term potential.

Why It Matters: Brokerage reports highlight diverse market opportunities and challenges for NHPC, BHEL, Zomato, and OMCs.