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Top stocks to buy on Nov 3 include Adani Power ITC among others
Jefferies recommends Adani Power and ITC for Nov 3, after Adani Power secured higher PPA tariffs and shows growth potential.
Brokerage Jefferies has flagged several stocks for purchase on 3 November, including Adani Power with a target price of ₹195. While Adani Power’s September-quarter EBITDA fell 4 % short of expectations due to muted utilisation, the firm secured new power-purchase agreements (PPAs) at nearly ₹6 per unit, suggesting improved profitability in FY28–FY30. Other companies in the list include ITC, hinting at sector rotation toward industrial and consumption-linked names. Investors will monitor quarterly earnings and order flows to validate the calls.