Stock Picks Today: HAL, HDFC Bank, UltraTech, Polycab, Nestle India And More On Brokerages' Radar
HDFC Bank is in focus in a defence development.
21 Sept 2026 · NDTV Profit
Check out the top stock calls, initiations, upgrades, downgrades, and target price revisions from leading brokerages ahead of today's trade.
The analysis
Against that, the stock is -1.2% on the day at ₹702.65, and has returned -15.3% over three months. It sits 30% below its 52-week high, which means a good deal of bad news was already in the price. The banks sector has moved -4.0% over the same period, so HDFC Bank is running 11.3 points behind its peers.
With HDFC Bank, Ultratech Cement and Nestle India all implicated, this reads as a Banks-level move rather than a company-specific one, which is the more durable kind of signal.
Why it matters
- Defence orders carry long execution tails and policy tailwinds, which the market values for their visibility.
Market context
- It touches several names at once (HDFCBANK, ULTRACEMCO, NESTLEIND), which points to a sector-level rather than company-specific driver.
- Sector exposure: Banks, Cement & Construction, FMCG.
In this story
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