Buy or sell: Stock recommendations by brokers for January 13

Bernstein maintains an ‘outperform’ rating for Reliance Industries with a lowered target price of Rs 1,520, expecting a recovery in 2025 driven by telecom and retail. Goldman Sachs rates BSE ‘neutral’ at Rs 5,060. ICICI Securities rates Swiggy ‘buy’ at Rs 740. Emkay Global’s top 2025 picks include Lupin and Zomato.

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