Budget Day Stocks: Brokerage Firms Recommend Top Picks for Maximum Returns

• Jefferies recommends 'Buy' on Ajanta Pharma with a target of ₹3,550, citing strong Q3 revenue and profit growth across regions.
• CLSA maintains 'Outperform' on Bharti Airtel, setting a target of ₹2,285, driven by robust growth in its Africa business.
• Brokerage firms like CLSA, JPMorgan, and UBS are bullish on Bank of Baroda due to improved Q3 profit, loan growth, and asset quality.
• NTPC receives 'Outperform' and 'Buy' calls from CLSA and Jefferies, with targets of ₹459 and ₹440 respectively, based on strong Q3 performance and capex plans.
• Mixed outlook for Bajaj Auto; some recommend 'Buy'/'Outperform' due to two-wheeler demand recovery, while others advise 'Hold'/'Sell' due to high valuations.

Why It Matters: Brokerage firms identify key stocks in Pharma, Banking, Power, Telecom, and Auto for potential high returns.