According to a retail markets compilation, broker calls and target prices published on November 23, 2025, are: Keynote Capitals recommends Lemon Tree Hotels (target ₹220); Deven Choksey advises Fineotex Chemical (target ₹28); Geojit BNP Paribas lists Tube Investments (target ₹3,828), ICICI Bank (target ₹1,568), Eternal (target ₹350) and BHEL (target ₹329); while Motilal Oswal recommends Happy Forgings (target ₹1,200). These are broker targets and not guarantees—investors should assess risk and time horizon.
Why these sectors and names matter
The picks span consumer-facing hospitality (Lemon Tree), speciality chemicals (Fineotex), industrial & engineering (Tube Investments, BHEL, Happy Forgings), financials (ICICI Bank) and a speciality materials/industrial player (Eternal). Brokers typically select such a mix to balance cyclical exposure with defensive growth. For real-time market context and live quotes, investors may consult the National Stock Exchange.
Lemon Tree Hotels — revival in demand
Keynote’s call on Lemon Tree emphasises recovery in hotel occupancy and room-rate improvement as travel rebounds. Analysts cite room expansion, stronger corporate travel and improving margins as factors supporting a multi-quarter recovery thesis. Investors should watch quarterly ADR (average daily rate) and occupancy trends for confirmation.
Fineotex Chemical – smallcap chemistry play
Fineotex is a speciality chemicals name recommended by Deven Choksey with a modest target. Smallcap chemical firms can be sensitive to raw-material cycles and order-book visibility; therefore prospective buyers should track domestic textile and specialty-chemical demand indicators.
Tube Investments, Eternal and Happy Forgings industrial levers
Geojit’s call on Tube Investments points to a diversified industrial franchise from cycles to automotive components — which can benefit from long-term mobility and infrastructure themes. Eternal and Happy Forgings are mid/small industrial picks where order book and margin stability will be the main monitors. Motilal Oswal’s target on Happy Forgings reflects confidence in its niche forging and component business.
ICICI Bank – largecap financial core
Geojit recommends ICICI Bank at a multi-quarter target reflecting strong retail franchise, loan growth prospects and steady asset-quality metrics. Large private banks often anchor long-term portfolios for investors seeking exposure to India’s credit cycle. Watch quarterly net interest margins and credit growth trends.
BHEL – PSU with turnaround hopes
BHEL appears on the list as a value-oriented PSU play. Analysts who recommend BHEL point to order inflow visibility from power and infrastructure projects and a government-led capex cycle as potential catalysts. PSU stocks can carry policy and execution risk; diligent monitoring of order wins and execution timelines is essential.
How investors should treat these calls
Broker targets are research views reflecting assumptions about revenue, margins and broader macro conditions. They are not buy/sell instructions tailored to an individual’s financial situation. Investors should: (1) verify the latest broker notes, (2) check live prices and market depth on NSE/BSE, and (3) consult a registered financial adviser before taking positions. For market data and live price feeds, visit the National Stock Exchange.
For the original compilation of broker calls and target prices, see the market gallery by ZeeBiz.