LAURUSLABS

LAURUSLABS(Laurus Labs Limited)

25.10.2022 - Jefferies on Laurus Labs Maintain Buy CMP 459 Target 567
31.01.2022 - Jefferies on Laurus Labs Maintain Buy CMP 499 Target 625
05.01.2022 - Jefferies on Laurus Labs Maintain Buy Target 628

LTTS

LTTS(L&T Technology Services Limited)

13.01.2023 - MS on LTTS Maintain Underweight CMP 3446 Target 3300
19.10.2022 - CITI on LTTS Maintain Sell CMP 3513 Target 2790
19.10.2022 - CLSA on LTTS Maintain Sell CMP 3513 Target 3200
19.01.2022 - CITI on L&T TECH Maintain Sell CMP 5421 Target 4430
19.01.2022 - CLSA on L&T Tech Maintain Outperform CMP 5421 Target 6150

CLSA ON L&T TECH : 15.07.2021

• Strong margin defence, healthy deal activity, improved FY22 growth outlook
• High confidence on margin defence
• Engineering services are relatively more vulnerable
• Expect execution impact to be transient

LT

LT(Larsen & Toubro Limited)

12.01.2023 - JpMorgan on LT Maintain Overweight CMP 2160.5 Target 2300
12.01.2023 - CLSA on LT Maintain Buy CMP 2160.5 Target 2570
19.12.2022 - Jefferies on LT Maintain Buy CMP 2114.96 Target 2455
13.12.2022 - GS on LT Maintain Buy CMP 2157 Target 2460
28.11.2022 - CITI on LT Maintain Buy CMP 2065.05 Target 2465
04.11.2022 - Nomura on LT Maintain Buy CMP 2015 Target 2425
01.11.2022 - Jefferies on LT Maintain Buy CMP 2021 Target 2455
01.11.2022 - MS on LT Maintain Overweight CMP 2021 Target 2305
01.11.2022 - CLSA on LT Maintain Buy CMP 2021 Target 2350
01.11.2022 - JpMorgan on LT Maintain Overweight CMP 2021 Target 2200
01.11.2022 - CS on LT Maintain Outperform CMP 2021 Target 2250
27.07.2022 - CS on LT Maintain Outperform CMP 1795.4 Target 2000
27.07.2022 - Jefferies on LT Maintain Buy CMP 1795.4 Target 2215
22.07.2022 - BOFA on LT Maintain Buy CMP 1774.25 Target 1849
11.07.2022 - MS on LT Maintain Overweight CMP 1652 Target 1848
13.05.2022 - BOFA on LT Maintain Buy CMP 1553 Target 1806
26.04.2022 - CLSA on L&T Maintain Buy CMP 1657.35 Target 2340
01.04.2022 - JpMorgan on L&T Maintain Overweight CMP 1851 Target 2100
17.03.2022 - CLSA on L&T Maintain Buy CMP 1791 Target 2340
31.01.2022 - JpMorgan on L&T Maintain Overweight CMP 1897 Target 2160(PREVTGT 2300)
31.01.2022 - Kotakinstel on L&T Maintain Buy CMP 1897 Target 2450
31.01.2022 - CS on L&T Maintain Outperform CMP 1897 Target 2450
20.01.2022 - MS on L&T Maintain Underweight CMP 6697 Target 6600
17.01.2022 - Jefferies On L&T Maintain Buy CMP 2045 Target 2845
13.01.2022 - CS On L&T Maintain Outperform CMP 2023 Target 2450
11.01.2022 - Jpmorgan on L&T Maintain Overweight CMP 1953 Target 2300

JEFFERIES ON L&T : 27.07.2021

* L&T's Q1 order flow was up 13% YoY (FY22 guidance at 13-17%); Jefferies believes Oct-Dec 2021 should see upside triggers of order flow, maintains BUY on the infra major
* Q1 EBITDA 12% Below Expectations As E&C Sales Missed By 12%
* Pandemic-induced Delays, Including Fatalities & Local Lockdowns, Impacted Execution
* Order Flow Was Up 13% YoY (FY22 Guidance At 13-17%)
* Prospect Pipeline Is Up 42% YoY & Management Is Optimistic On Outlook
* Believe Oct-Dec 2021 Should See Upside Triggers Of Order Flow
* MAINTAIN BUY TARGET: 1,900

CITI ON L&T : 27.07.2021

* Solid margin performance by L&T in Q1, expectedly soft execution; co remains one of Citi's top picks
* Solid Margin Performance, Expectedly Soft Execution
* Margin Performance Should Alleviate Concerns About Co's Ability To Maintain Margin
* Should Be Able To Make Up For A Slight Miss On Order Inflow & Revenue In Rest Of The Yr
* Co Remains One Of Our Top Picks
* MAINTAIN BUY TARGET: 1,785

MORGAN STANLEY ON L&T : 27.07.2021

* L&T's IT business surprised positively while financial services & Hyderabad metro are drags, MS says.
* Core Rev A Tad Weak, But Strong Core Margin Despite Commodity Price Rise A Big Plus
* IT Business Also Surprised Positively While Financial Services & Hyderabad Metro Are Drags
* Improving Labour Availability, Strong Orderbook, Healthy Prospect List Should Drive Core Earnings
* MAINTAIN OVERWEIGHT TARGET: 1,894

GOLDMAN SACHS ON L&T : 27.07.2021

• Maintain BUY, Target at Rs 2,000/share
* Good performance, core business remains undervalued
• See improvement for next leg of capex uptick in India
• Continued thrust of infrastructure by the government

JEFFERIES ON L&T : 13.07.2021

• L&T's AR is more optimistic on India's capex cycle compared to recent ARS
* Government creating room for infra spend by postponing fiscal consolidation to FY25
• Reassessing businesses like L&T Finance, which require periodic capital infusion Buy the leader

KARURVYSYA

KARURVYSYA(Karur Vysya Bank Limited)

ANTIQUE ON KARUR VYSYA BANK : 30.06.2021

* Antique interacts with Karur Vysya Bank's MD & CEO Ramesh Babu along with other senior management. 
* Mgmt Endeavour Is To Improve ROA To 1% By FY23 & Sustain It On Ongoing Basis
* Near-term Slippages/Restructuring Pressure (Especially In SME) Could Stay
* Bk Hopeful Of Reigning In Stress In Other Segments & Recoveries From Legacy Assets
* We Factor Employee Cost/Opex To Average Assets To Decline 20/30 bps Over FY21-23

KOTAKBANK

KOTAKBANK(Kotak Mahindra Bank Limited)

23.11.2022 - Bernstein on Kotakbank Maintain Outperform CMP 1951 Target 2100
17.11.2022 - MS on Kotakbank Maintain Equal-Weight CMP 1963.8 Target 2215
25.10.2022 - HSBC on Kotakbank Maintain Hold CMP 1871 Target 2030
11.10.2022 - CLSA on Kotakbank Maintain Outperform CMP 1786.35 Target 2100
15.09.2022 - MS on Kotakbank Maintain Overweight CMP 1935 Target 2215
15.09.2022 - CLSA on Kotakbank Maintain Outperform CMP 1935 Target 2100
25.07.2022 - Jefferies on Kotakbank Maintain Buy CMP 1753 Target 2470
25.07.2022 - Motilal Oswal on Kotakbank Maintain Neutral CMP 1753 Target 2000
25.07.2022 - MS on Kotakbank Maintain Equal-Weight CMP 1753 Target 2100
10.06.2022 - MS on Kotakbank Maintain Equal-weight CMP 1738 Target 1965
27.05.2022 - BOFA on Kotakbank Maintain Neutral CMP 1948 Target 2200
05.05.2022 - CS on Kotakbank Maintain Neutral CMP 1812 Target 1900
24.03.2022 - CLSA on Kotakbank Maintain Buy CMP 1770 Target 2200
16.03.2022 - MS on Kotakbank Maintain Equal- Weight CMP 1732 Target 2250
07.03.2022 - CLSA on Kotakbank Maintain Buy CMP 1752 Target 2200
31.01.2022 - CLSA on Kotakbank Maintain Buy CMP 1857 Target 2300

CITI ON KOTAK MAHINDRA BANK : 27.07.2021

* Strong net interest margin for Kotak Mahindra in Q1,slow growth; slippages decline QoQ, Citi lowers FY22 net profit estimate by 3% to incorporate higher operational expenditure
* Strong NIM, Slow Growth; Slippages Decline QoQ
* Low Cost Of Funds Should Support NIM
* Slower Credit Growth Could Drag NII & PPOP
* Lower FY22 Net Profit Estimate By 3% To Incorporate Higher Opex
* MAINTAIN NEUTRAL TARGET: 1,930

CLSA on Kotak BK : 02.07.2021

* Upgrade to O-P, TP Rs 1900
* BK underperformed peers by 35-75ppts & Nifty by more than 25% over past 6 mths
* Incrementally, risk-reward getting favourable
* Kotak has built a formidable banking franchise with lowest cost of funds, low Opex & impeccable asset quality

CLSA ON KOTAK MAHINDRA BANK

* UPGRADE OUTPERFORM FROM UNDERPERFORM TARGET: 1,900 (PREVTGT:1,850)
* Incrementally Kotak Mahindra Bank's risk-reward getting favourable, according to CLSA, brokerage upgrades stock to OUTPERFORM & raises target
* Bank Has Underperformed Peers By 35-75 ppts & Nifty By More Than 25% Over The Past 6 Months
* Incrementally, Risk-Reward Is Getting Favourable, Hence An Upgrade
* Bk Has Built A Formidable Franchise With Lowest Cost Of Funds, Good Asset Quality

KEC

KEC(KEC International Limited)

15.09.2022 - Nomura on KEC Maintain Buy CMP 450.95 Target 556

MACQUARIE ON KEC : 17.06.2021

• Maintain Outperform, Target at Rs 490/share
• Virtuous cycle of returns and growth deserves overweight allocation
* Entry into various EPC segments, efficient execution
* Capex indicates strong growth prospects for KEC over the next three years
* Strong backlog and asset-light model ensures bidding discipline
* Strong return ratios, low debt, disciplined capital allocation

JUSTDIAL

JUSTDIAL(Just Dial Limited)

20.01.2022 - CITI on Justdial Maintain Neutral CMP 815 Target 825
20.01.2022 - UBS on Justdial Maintain Buy CMP 815 Target 1350

JUBLFOOD

JUBLFOOD(Jubilant Foodworks Limited)

02.01.2023 - Macquarie on Jublfood Maintain Underperform CMP 489 Target 445
22.12.2022 - ICICISEC on Jublfood Maintain Buy CMP 510.9 Target 720
25.11.2022 - HSBC on Jublfood Maintain Buy CMP 550.75 Target 750
23.11.2022 - CITI on Jublfood Maintain Buy CMP 550.75 Target 714
09.11.2022 - MS on Jublfood Maintain Overweight CMP 613 Target 657
09.11.2022 - Jefferies on Jublfood Maintain Hold CMP 613 Target 600
15.09.2022 - Macquarie on Jublfood Maintain Outperform CMP 632.45 Target 470
29.07.2022 - MS on Jublfood Maintain Overweight CMP 551.65 Target 657
30.06.2022 - Macquarie on Jublfood Maintain Underperform CMP 513 Target 440
17.06.2022 - UBS on Jublfood Maintain Neutral CMP 491.65 Target 600
31.05.2022 - Macquarie on Jublfood Maintain Underperform CMP 550.90 Target 440
31.05.2022 - CLSA on Jublfood Maintain Sell CMP 550.9 Target 500
26.05.2022 - Jefferies on Jublfood Maintain Buy CMP 489.4 Target 580
13.04.2022 - CLSA on Jublfood Maintain Sell CMP 2776 Target 2500
08.04.2022 - HSBC on Jublfood Maintain Buy CMP 2851.44 Target 4300
14.03.2022 - CS on Jublfood Maintain Neutral CMP 2865 Target 2900
14.03.2022 - MS on Jublfood Maintain Downgrade Underweight CMP 2865 Target 2250
14.03.2022 - JpMorgan on Jublfood Maintain Downgrade Neutral CMP 2865 Target 3000
14.03.2022 - Macquarie on Jublfood Maintain Downgrade Underperform CMP 2865 Target 2150
03.02.2022 - CS on Jublfood Maintain Neutral CMP 3301 Target 3500(PREVTGT 3800)
03.02.2022 - CITI on Jublfood Maintain Buy CMP 3301 Target 4350 (PREVTGT 4750)
03.02.2022 - CLSA on Jublfood Maintain Downgrade Sell CMP 3301 Target 3190(PREVTGT 3920)
03.02.2022 - ICICI SEC on Jublfood Maintain Add CMP 3301 Target 3600
28.01.2022 - MS on Jublfood Maintain Overweight CMP 3399 Target 5000
13.01.2022 - JpMorgan on Jublfood Maintain Overweight CMP 3915.50 Target 4350
11.01.2022 - Citi On Jublfood Maintain Buy Target 4750

CLSA ON JUBILANT FOOD -30.08.2021

*CLSA on Jubilant Food Maintain Outperform Call

Target Raised To Rs 4,030 From 3,400

• Company continues its efforts to emerge as India's leading food-tech powerhouse
• Company leveraging technology to enhance capabilities
• FY2021 was a year of new initiatives  

• New growth levers expected to help maintain premium valuations

MS ON JUBILANT FOOD : 22.07.2021

* MS maintains Overweight rating on Jubilant Food and remains constructive on medium-term strategy of physical & digital scaling
* MAINTAIN OVERWEIGHT TARGET: 3,236
* Q1 Earnings Beat Our & Consensus Estimates
* Management Is Optimistic On Near-term Outlook
* Accelerated Its Store Addition Target Of 150-175 Stores In FY22
* Remain Constructive On Medium-term Strategy Of Physical & Digital Scaling
* Citi maintains BUY on #JubilantFoodworks; Target at Rs 3,315/share

BROKERAGE RADAR CITI ON JUBILANT FOODWORKS : 22.07.2021

• Maintain BUY, Target at Rs 3,315/share
* Q1FY22 beats expectations; accelerated growth ahead
• Jubilant did well in a quarter marred by the second Covid wave
* Management seems to be accelerating store expansion

HSBC ON JUBILANT FOOD : 22.07.2021

* HSBC maintains BUY call on Jubilant Food, target at Rs 3,650/sh
* Q1 Sales Growth Of 131% YOY, Led By Delivery, Was Impressive In A Disrupted Quarter
* June Sales Back To Pre-COVID Level
* Superior Delivery Economics, Cost Efficiencies & Delivery Fee Led To High Margin
* With New Formats & Domino's Growth, Co Now Appears Structural Winner In QSR
* MAINTAIN BUY TARGET: 3,650

GS ON JUBILANT FOOD : 22.07.2021

* GS has a Sell call on Jubilant Food given headwinds to earnings growth
* System Sales Have Almost Recovered
• Dine-in Revenue Likely To Pick Up With Re opening
• Remain Sell Rated Given Headwinds To Earnings Growth
MAINTAIN SELL TARGET: 1,293

JEFFERIES ON JUBILANT FOODWORKS : 16.06.2021

• Maintain BUY, Target at Rs 3,700/share
* Jubilant Food remains our preferred pick in consumer discretionary space
• Jubilant Foods reported an in-line quarter although YoY growth looks strong
* Focus continued on Domino's store additions with 50 in 4Q and 134 for FY21
* Input price inflation (mainly cheese) showed up slightly on GMs
* Management expects to hold-on to margins in coming quarters

MORGAN STANLEY ON JUBILANT FOODWORKS : 16.06.2021

• Maintain Overweight, Target at Rs 3,236/share
* Q4 earnings missed our & consensus expectations
* Q4 management commentary was positive on scale up potential
* Remain constructive on Jubilant's medium term scaling strategy
* Trim our FY23 forecast by 2% and introduce F24 estimates

MS ON JUBILANT FOOD : 16.06.2021

* MAINTAIN OVERWEIGHT TARGET: 3,236
* MS has to say about Jubilant Food's earnings
* Management Commentary Positive On Scale-up Potential
• Constructive On Co's Medium-term Scaling Strategy

UBS ON JUBILANT FOOD : 16.06.2021

* MAINTAIN NEUTRAL TARGET: 3,000
* Growth drivers in place for Jubilant Food, execution will be key, UBS maintains NEUTRAL with target at Rs 3,000/sh
• Growth Drivers In Place, Execution Will Be Key
• Revenue Grows YoY In Q4; Impacted Again In April/May
• Portfolio Expansion To Drive Growth

CLSA ON JUBILANT FOOD : 16.06.2021

* MAINTAIN OUTPERFORM TARGET: 3,300
* CLSA sees an earnings growth of 6-9% for Jubilant Food over FY22-23, says co is geared to leverage market opportunity.
* Earnings Growth Of 6%-9% Seen Over FY22-23
* Revamped Management Team To Address Growing Business Needs
* Geared To Leverage Market Opportunity
* Bold Approach To Capture Food Svcs Opportunity Makes Co A Structural Play

JPMORGAN ON JUBILANT FOOD : 16.06.2021

* MAINTAIN OVERWEIGHT TARGET: 3,425 (PREVIOUS TARGET: 3.030)
* Positive growth supports premium multiples for Jubilant Food, JPMorgan says, raises target for the stock
* Positive Growth Supports Premium Multiples
* April/May 2021 Rev Recovery Rate At 94.4%/87.7% YoY With June To Be Better
* Like Its Strong On-ground Execution Capabilities Supported By Digital Invsts
* Popeyes To Be A Promising Addition To The Portfolio Mix
* Stay Overweight Given Medium term Growth Prospects

CS ON JUBILANT FOOD : 16.06.2021

* MAINTAIN NEUTRAL TARGET: 2,900
* Margin upsides for Jubilant Food unlikely hereon, new format success a key deliverable, Credit Suisse says after the QSR major reported its Q4 earnings yesterday
• Cut FY22 EPS Estimate By 3% Due To COVID-19 Impact In Q1
• Margin Upsides Unlikely Hereon, New Format Success A Key Deliverable
* Maintain Neutral Due To Stretched Valuations

JSWSTEEL

JSWSTEEL(JSW Steel Limited)

18.01.2023 - CLSA on Jswsteel Maintain Sell CMP 675.2 Target 640
20.12.2022 - Nomura on Jswsteel Maintain Reduce CMP 770 Target 570
28.11.2022 - Macquarie on Jswsteel Maintain Underperform CMP 716.1 Target 520
21.11.2022 - CITI on Jswsteel Maintain Underperform CMP 695.2 Target 385
25.10.2022 - CITI on Jswsteel Maintain Neutral CMP 682 Target 625
25.07.2022 - CLSA on Jswsteel Maintain Sell CMP 595.8 Target 500
25.07.2022 - JpMorgan on Jswsteel Maintain Neutral CMP 595.8 Target 610
25.07.2022 - Nomura on Jswsteel Maintain Reduce CMP 595.8 Target 548
25.07.2022 - CITI on Jswsteel Maintain Neutral CMP 595.8 Target 600
02.06.2022 - CS on Jswsteel Maintain Underperform CMP 573 Target 425
30.05.2022 - CLSA on Jswsteel Maintain Sell CMP 537.7 Target 500
30.05.2022 - Nomura on Jswsteel Maintain Downgrade CMP 537.7 Target 500
30.05.2022 - JpMorgan on Jswsteel Neutral CMP 537.7 Target 610
23.05.2022 - CLSA on Jswsteel Maintain Sell CMP 528.85 Target 550
24.01.2022 - Jefferies on Jswsteel Maintain Underperform CMP 666 Target 550

MORGAN STANLEY ON JSW STEEL : 11.06.2021

• Maintain Overweright, Target at Rs 920/share
* JSW's crude steel production & utilization for May was flat
* Historical trend of 3-5% MoM growth in the last 3 years
* Expect production and sales volumes to show a gradual recovery from June onwards

MS ON JSW STEEL : 24.05.2021

* MAINTAIN OVERWEIGHT TARGET: 920(PREV TGT: 590)
* Morgan Stanley maintains OVERWEIGHT stance on JSW Steel, target bumped up to Rs 920/sh as the brokerage believes co is well positioned to deliver among the strongest volume growth
* Raise FY22e/23e EBIDTA By 17%/25%
* Well Positioned To Deliver Among The Strongest Volume Growth
* Despite New Capex Plans, Net Debt-to-EBITDA Should Be Well Under 1.5x

JSWENERGY

JSWENERGY(JSW Energy Limited)

CLSA ON JSW ENERGY : 29.06.2021

* Downgrade JSW Energy to SELL from BUY
* Target for JSW Energy at Rs 146/share
* Downgrade to SELL after a stellar run
* Weak 4Q and FY21 but improved energy transition visibility
* Many positive initiatives and regulatory wins

CITI ON JSW ENERGY : 28.06.2021

* MAINTAIN BUY TARGET: 178
* Citi maintains Buy call on JSW Energy as it believes co is embarking on next leg of growth through creation of 2.5 GW of renewable capacity
* Embarking On Next Leg Of Growth Through Creation Of 2.5 GW Of Renewable Capacity
* Renewable Capacity Has Reasonably Healthy Visibility Of Fructifying Over 2-2.5 Years
* Growth Through Reasonably Priced Green Projects Should improve ESG Scores

CITI ON JSW ENERGY : 28.06.2021

* Maintain BUY, Target at Rs 178/share
• Growth through renewables; healthy cash flows
• JSW Energy also has done value-accretive acquisitions
* Refrained from participating in cutthroat bidding for renewable projects
• This has left balance sheet in a very strong shape
• JSW Energy embarking on next leg of growth
* Valuations are no longer cheap

Jindalstel

Jindalstel (Jindal Steel and Power Ltd)

18.01.2023 - CLSA on Jindalstel Maintain Underperform CMP 582 Target 610
28.11.2022 - Macquarie on Jindalstel Maintain Neutral CMP 507.05 Target 526
11.11.2022 - CLSA on Jindalstel Maintain Sell CMP 499 Target 430
11.11.2022 - CITI on Jindalstel Maintain Buy CMP 499 Target 560
23.05.2022 - CLSA on Jindalstel Maintain Outperform CMP 378 Target 540
05.01.2022 - CLSA on JSPL Maintain Buy CMP 388 Target 576
05.01.2022 - CLSA on JSPL Maintain Buy Target 576

CITI - Construction Industry Training Institute

17.01.2023 - CITI on FEDERALBNK Maintain Buy CMP 134 Target 165
13.01.2023 - CITI on INFY Maintain Buy CMP 1581 Target 1665
10.01.2023 - CITI on TCS Maintain Sell CMP 3337.55 Target 2990
23.12.2022 - CITI on JKCEMENT Maintain Sell CMP 2905.4 Target 2400
15.12.2022 - CITI on SRF Maintain Buy CMP 2324.95 Target 3125
14.12.2022 - CITI on COLPAL Maintain Buy CMP 1573.85 Target 1650
09.12.2022 - CITI on Hindunilvr Maintain Buy CMP 2717.4 Target 3050
03.12.2022 - CITI on MOTHERSON Maintain Sell CMP 73.15 Target 68
30.11.2022 - CITI on Gland Maintain Sell CMP 1819.95 Target 1920
29.11.2022 - CITI on Srtransfin Maintain Buy CMP 1273.95 Target 1650
29.11.2022 - CITI on ABFRL Maintain Buy CMP 309.85 Target 405
28.11.2022 - CITI on LT Maintain Buy CMP 2065.05 Target 2465
25.11.2022 - CITI on PAYTM Maintain Buy CMP 441.15 Target 1055
23.11.2022 - CITI on Mindtree Maintain Sell CMP 3442.7 Target 4510
23.11.2022 - CITI on Lupin Maintain Buy CMP 719 Target 840
23.11.2022 - CITI on VEDL Maintain Sell CMP 307.7 Target 235
23.11.2022 - CITI on Jublfood Maintain Buy CMP 550.75 Target 714
22.11.2022 - CITI on BHARTIARTL Maintain Buy CMP 847 Target 940
22.11.2022 - CITI on GSPL Maintain Buy CMP 238 Target 335
22.11.2022 - CITI on GAIL Maintain Neutral CMP 91.1 Target 90
21.11.2022 - CITI on Jswsteel Maintain Underperform CMP 695.2 Target 385
21.11.2022 - CITI on Tatasteel Maintain Hold CMP 104.5 Target 95
16.11.2022 - CITI on ONGC Maintain Sell CMP 142.8 Target 130
16.11.2022 - CITI on APOLLOTYRE Maintain Buy CMP 298 Target 340
15.11.2022 - CITI on NMDC Maintain Sell CMP 108.95 Target 100
15.11.2022 - CITI on Auropharma Maintain Buy CMP 491.8 Target 660
14.11.2022 - CITI on SAIL Maintain Buy CMP 86.4 Target 100
11.11.2022 - CITI on Jindalstel Maintain Buy CMP 499 Target 560
11.11.2022 - CITI on Zomato Maintain Buy CMP 72.65 Target 85
04.11.2022 - CITI on SONACOMS  Maintain Buy CMP 461.8 Target 560
03.11.2022 - CITI on Voltas Maintain Buy CMP 861.75 Target 1075
03.11.2022 - CITI on DMART Maintain Sell CMP 4197 Target 3500
02.11.2022 - CITI on Adaniports Maintain Buy CMP 830 Target 1105
02.11.2022 - CITI on Sunpharma Maintain Buy CMP 1051.6 Target 1320
01.11.2022 - CITI on BHARTIARTL Maintain Buy CMP 835.35 Target 955
31.10.2022 - CITI on VEDL Maintain Sell CMP 281.05 Target 215
31.10.2022 - CITI on Maruti Maintain Buy CMP 9535 Target 12500
27.10.2022 - CITI on Gland Maintain Sell CMP 1898 Target 1920
25.10.2022 - CITI on Hindunilvr Maintain Buy CMP 2522.25 Target 3050
25.10.2022 - CITI on Jswsteel Maintain Neutral CMP 682 Target 625
19.10.2022 - CITI on LTTS Maintain Sell CMP 3513 Target 2790
18.10.2022 - CITI on ACC Maintain Buy CMP 2260 Target 2900
14.10.2022 - CITI on INFY Maintain Buy CMP 1477 Target 1685
14.10.2022 - CITI on Ambujacem Maintain Sell CMP 502.15 Target 610
11.10.2022 - CITI on INFY Maintain Buy CMP 1425 Target 1625
11.10.2022 - CITI on TCS Maintain Sell CMP 3064 Target 2900
10.10.2022 - CITI on Heromotoco Maintain Buy CMP 2571.75 Target 3100
06.10.2022 - CITI on Godrejcp Maintain Buy CMP 855.1 Target 1050
03.10.2022 - CITI on DELHIVERY Maintain Buy CMP 565 Target 688
28.09.2022 - CITI on TORNTPHARM Maintain Neutral CMP 1490.75 Target 1700
28.09.2022 - CITI on Britannia Maintain Buy CMP 3854.45 Target 4350
27.09.2022 - CITI on Powergrid Maintain Buy CMP 205.25 Target 270
23.09.2022 - CITI on Mphasis Maintain Sell CMP 2039.6 Target 1900
22.09.2022 - CITI on BROOKFIELD RE Maintain Buy CMP 327.5 Target 370
22.09.2022 - CITI on APTUS Maintain Buy CMP 316.65 Target 425
21.06.2022 - CITI on POLICYBZR  Maintain Buy CMP 510 Target 750
20.09.2022 - CITI on INFY Maintain Buy CMP 1392.5 Target 1725
19.09.2022 - CITI on Ambujacem Maintain Sell CMP 563.2 Target 340
15.09.2022 - CITI on Adaniports Maintain Buy CMP 967.6 Target 1105
13.09.2022 - CITI on M&M Maintain Buy CMP 1296 Target 1420
12.09.2022 - CITI on Wipro Maintain Sell CMP 421.75 Target 385
12.09.2022 - CITI on GUJGASLTD Maintain Positive CMP 511.35 Target 580
12.09.2022 - CITI on MGL Maintain Positive CMP 888.85 Target 1040
12.09.2022 - CITI on IGL Maintain Positive CMP 429.35 Target 490
07.09.2022 - CITI on STARHEALTH Maintain Sell CMP 727.95 Target 670
30.08.2022 - CITI on Reliance Maintain Buy CMP 2642 Target 2810
08.08.2022 - CITI on NYKAA Maintain Buy CMP 1415 Target 1640
08.08.2022 - CITI on Hindpetro Maintain Buy CMP 238.75 Target 295
29.07.2022 - CITI on Tvsmotor Maintain Sell CMP 904.4 Target 640
29.07.2022 - CITI on SBILIFE Maintain Buy CMP 1294 Target 1665
27.07.2022 - CITI on PETRONET Maintain Sell CMP 223.9 Target 210
25.07.2022 - CITI on Ultracemco Maintain Buy CMP 6390 Target 7100
25.07.2022 - CITI on Jswsteel Maintain Neutral CMP 595.8 Target 600
22.07.2022 - CITI on BEL Maintain Buy CMP 266.8 Target 296
21.07.2022 - CITI on Wipro Maintain Sell CMP 414.2 Target 385
21.07.2022 - CITI on Gland Maintain Sell CMP 2329.05 Target 2140
20.07.2022 - CITI on Ambujacem Maintain Sell CMP 367.35 Target 340
20.07.2022 - CITI on Hindunilvr Maintain Buy CMP 2610 Target 2920
14.07.2022 - CITI on Hindzinc Maintain Neutral CMP 284.35 Target 255
13.07.2022 - CITI on Hcltech Maintain Neutral CMP 926 Target 910
11.07.2022 - CITI on TCS Maintain SELL CMP 3084.5 Target 3015
07.07.2022 - CITI on TITAN Maintain Buy CMP 2129.95 Target 2890
06.07.2022 - CITI on Marico Maintain Buy CMP 500.5 Target 595
01.07.2022 - CITI on ISEC Maintain Sell CMP 429 Target 400(PRVTGT 600)
28.06.2022 - CITI on Bajaj-Auto Maintain Sell CMP 3885 Target 3400
23.06.2022 - CITI on ABFRL Maintain Buy CMP 236.05 Target 515
21.06.2022 - CITI on Tatasteel Maintain Buy CMP 836.8 Target 1085
13.06.2022 - CITI on PIDILITIND Maintain Buy CMP 2130.95 Target 2440
10.06.2022 - CITI ON Adaniports Maintain Buy CMP 697 Target 981
08.06.2022 - CITI on PAYTM Maintain Buy CMP 617.8 Target 930
06.06.2022 - CITI on Cipla Maintain Buy CMP 963.7 Target 1170
03.06.2022 - CITI on Ultracemco Maintain Buy CMP 6008 Target 7600
30.05.2022 - CITI on NMDC Maintain Buy CMP 123.75 Target 195
30.05.2022 - CITI on ONGC Maintain Sell CMP 143.9 Target 155
27.05.2022 - CITI on PAGEIND Maintain Buy CMP 44350 Target 49000
26.05.2022 - CITI on Coalindia Maintain Neutral CMP 183.80 Target 180
24.05.2022 - CITI on RAMCOCEM Maintain Sell CMP 641.40 Target 600
24.05.2022 - CITI on Zomato Maintain Buy CMP 57 Target 80
11.05.2022 - CITI on Asianpaint Maintain Neutral CMP 3086 Target 3470(PREVTGT 3515)
11.05.2022 - CITI on GUJGASLTD Maintain Buy CMP 507 Target 630(PREV TGT 680)
10.05.2022 - CITI on Voltas Maintain Buy CMP 1046 Target 1225(PREV TGT 1378)
09.05.2022 - CITI on Industower Maintain Neutral CMP 190 Target 230
26.04.2022 - CITI on Reliance Maintain Buy CMP 2695 Target 3170(PREVTGT 2750)
25.04.2022 - CITI on HINDZINC Maintain Neutral CMP 345.35 Target 330
18.04.2022 - CITI on PAYTM Maintain Buy CMP 663 Target 910
13.04.2022 - CITI on BEL Maintain Buy CMP 254.65 Target 291
06.04.2022 - CITI on CHOLAFIN Maintain Neutral CMP 703 Target 740
01.04.2022 - CITI on Sunpharma Maintain Buy CMP 928 Target 1150
23.03.2022 - CITI on CARBORUNIV Maintain Buy CMP 764.15 Target 915(PREV TGT 1125)
17.03.2022 - CITI on Mphasis Maintain Buy CMP 3098 Target 3375
17.03.2022 - CITI on HCLTECH Maintain Neutral CMP 1199 Target 1275
16.03.2022 - CITI on Zomato Maintain Buy CMP 76 Target 118
03.03.2022 - CITI on VEDL Maintain Buy CMP 387 Target 435
28.02.2022 - CITI on BHARTIARTL Maintain Buy CMP 689 Target 875
21.02.2022 - CITI on AMBUJACEM Maintain Downgrade Neutral CMP 338 Target 365
16.02.2022 - CITI on  BALKRISHNA Maintain Buy CMP 2126 Target 2260
14.02.2022 - CITI on Apollohosp Maintain Buy CMP 4515 Target 5800
14.02.2022 - CITI on PERSISTENT Maintain Sell CMP 4196 Target 3395
14.02.2022 - CITI on Reliance Maintain Neutral CMP 2376 Target 2750
14.01.2022 - CITI on ONGC Maintain Sell CMP 168 Target 150
11.02.2022 - CITI on PEL Maintain Buy CMP 2496 Target 3180
08.02.2022 - CITI on Tvsmotor Maintain Sell CMP 636.95 Target 550
04.02.2022 - CITI on ITC Maintain Neutral CMP 234 Target 245
03.02.2022 - CITI on Jublfood Maintain Buy CMP 3301 Target 4350 (PREVTGT 4750)
03.02.2022 - CITI on HDFC Maintain Buy CMP 2612 Target 3300
01.02.2022 - CITI on Sunpharma Maintain Buy CMP 834 Target 1070
31.01.2022 - CITI on L&T Maintain Buy CMP 1897 Target 2460
31.01.2022 - CITI on Mphasis Maintain Buy CMP 3102 Target 3375
27.01.2022 - CITI on CIPLA Maintain Buy CMP 906 Target 1120
27.01.2022 - CITI on Maruti Maintain Outperform CMP 8603 Target 10000
25.01.2022 - CITI on Axisbank Maintain Buy CMP 703.30 Target 1000
20.01.2022 - CITI on Justdial Maintain Neutral CMP 815 Target 825
19.01.2022 - CITI on L&T TECH Maintain Sell CMP 5421 Target 4430
18.01.2022 - CITI on Ultratech Maintain Buy CMP 7870 Target 9100
17.01.2022 - CITI On Hcltech Maintain Neutral CMP 1337 Target 1385
14.01.2022 - CITI on Mindtree - Maintain Sell CMP 4760 Target 3650
13.01.2022 - CITI on Infy Maintain Overweight  CMP 1875.80 Target 2180(Prevtgt 2340)
13.01.2022 - CITI on TCS Maintain SELL  CMP 3857 Target 3580
13.01.2022 - CITI on Wipro Maintian Buy Cmp 691 Target 820(Previous TG 830)
12.01.2022 - CITI on Sunpharma Maintain Buy CMP 831.65 Target 1000
11.01.2022 - Citi On Jublfood Maintain Buy Target 4750
07.01.2022 - CITI on Titan Maintain Buy Target 2975
04.01.2022 - CITI on Marico - Maintain Buy Target 640
23.12.2021  CITI - buy with target price of 395
22.12.2021 - CITI On Hindunilvr - Maintain Buy CMP 2272 - Target Rs.3065
22.12.2021 - CITI On Hindunilvr - Maintain Buy - Target Rs.3065
16.12.2021 - CITI on Tvsmotor Maintain Sell CMP 669.40 - Target 540
16.12.2021 - Citi on Sunpharma - Maintain Buy - CMP 777 - Target 1000

ONGC

ONGC(Oil & Natural Gas Corporation Limited)

09.01.2023 - CLSA on ONGC Maintain Buy CMP 146.35 Target 225
16.11.2022 - CITI on ONGC Maintain Sell CMP 142.8 Target 130
16.08.2022 - MS on ONGC Maintain Overweight CMP 139.9 Target 177
16.08.2022 - JpMorgan on ONGC Maintain Neutral CMP 139.9 Target 155
04.07.2022 - GS on ONGC Maintain Buy CMP 126.15 Target 210
04.07.2022 - JpMorgan on ONGC Maintain Neutral CMP 126.15 Target 155
30.05.2022 - CITI on ONGC Maintain Sell CMP 143.9 Target 155
30.05.2022 - Nomura on ONGC Maintain Neutral CMP 143.9 Target 185
01.04.2022 - JpMorgan on ONGC Maintain Overweight CMP 173 Target 250
30.03.2022 - MS on ONGC Maintain Overweight CMP 171 Target 263
22.03.2022 - GS on ONGC Maintain Buy CMP 175.50 Target 270
25.02.2022 - MS on ONGC Maintain Overweight CMP 157 Target 263
16.02.2022 - CLSA On ONGC Maintain Buy CMP 168.50 Target 300
14.01.2022 - CITI on ONGC Maintain Sell CMP 168 Target 150
14.01.2022 - JpMorgan on ONGC Maintain Buy CMP 168 Target 235
11.01.2022 - JpMorgan on ONGC Maintain Overweight Target 235

CLSA ON ONGC : 28.06.2021

* UPGRADE BUY TARGET: 165
* CLSA upgrades ONGC to Buy as it believes using spot rate would take up the fair value to Rs 260/sh
* Using Spot Rate Would Take Up Fair Value To *260/Sh
* Stock Is Pricing In Brent Of Only $51/bbl
* May See 145% Rise In formula-based Domestic Gas Price Over Next 9 Mths
* FY22-23 EPS By Increased By 32%

JPMORGAN ON ONGC : 28.06.2021

* Maintain Overweight, Target at Rs 190/share
* Strong Q4 but expect further improvement on higher prices
* Believe the markets lack of conviction on the oil price rally
* H1FY22 should be even stronger given sharply
• Consensus earnings estimate upgrades are coming through

QSR(Quick Service Restaurants) Sector

QSR(Quick Service Restaurants) Sector

CREDIT SUISSE ON QSR : 25.02.2022

• Uneven recovery with KFC leading and Domino's lagging
* Domino's lagging other QSR chains in the recovery phase
• Pace of store addition picks up sharply for KFC, Pizza Hut and Burger King
* Zomato's YOY growth

FINANCIALS SECTOR

FINANCIALS SECTOR 

MORGAN STANLEY ON FINANCIALS : 22.03.2022

• ICICI Bank: Strong PPOP Growth to drive sustained re-rating
• Axis Bank: Expect inflection in core PPoP growth from hereon
• SBI: Preferred pick in SoE banks; Loan growth to drive next leg of re rating Why Bullish? 001
• Financial is the largest overweight in India
• Expect the RBI to start policy normalization in June
• Credit growth to accelerate with a lag vs. economic growth
* Corporate balance sheets are healthier
• NPL formation has slowed, and economic activity is picking up
* Expect large banks' earnings to compound at 20-30% over 3 years

CLSA ON FINANCIALS : 25.02.2022

* Maintain ICICI/SBI/Axis as top picks among large banks
• Like M&M Financial Services among NBFCs
• Revision in Jan-22 loan growth: 5.3% YTD growth now
• Turning asset quality and rate cycle positive
• Growth key monitorable

CREDIT SUISSE ON NBFCs : 18.06.2021

Credit Suisse cuts FY22 estimate for NBFCs by 10-16% on higher provisions & lower loan growth
* Survey Of Truck Owners Reveals Impending EMI Defaults & Slower Demand
• Cut FY22 Estimate By 10-16% On Higher Provisions & Lower Loan Growth
* Shriram Transport With A Target Of 1,675/Sh Is Our Top Pick
* Cautious On M&M Fin; Have A Neutral Call With Target Of 165/Sh
* Maintain Outperform On Chola With A Traget Of *610/Sh

JPMORGAN ON FINANCIALS : 23.06.2021

* SBI, HDFC Bank and ICICI look best positioned
• FY21 performance benchmarking: large banks did better
* Large bank performance remains better in FY21
* Corporate sector asset quality normalization is bullish for public sector banks
• Risk of higher restructuring by end-Sep remains
• Post F22/23 Street EPS estimates have been revised up

BOFA(Bank of America Corporation)

BOFA(Bank of America Corporation)

16.01.2023 - BOFA on Wipro Maintain Underperform CMP 393.3 Target 395
16.01.2023 - BOFA on Hdfcbank Maintain Buy CMP 1628.35 Target 2000
05.01.2023 - BOFA on Havells Maintain Underperform CMP 1189 Target 1290
05.01.2023 - BOFA on Voltas Maintain Buy CMP 808.3 Target 899
16.12.2022 - BOFA on Hdfcbank Maintain Buy CMP 1620 Target 1900
12.12.2022 - BOFA on Sunpharma Maintain Buy CMP 984.5 Target 1000
09.12.2022 - BOFA on Sunpharma Maintain Buy CMP 993 Target 1100
25.11.2022 - BOFA on PVR Maintain Buy CMP 1867.5 Target 2405
22.11.2022 - BOFA on POLICYBZR Maintain Buy CMP 399.55 Target 555
21.11.2022 - BOFA on Glenmark Maintain Buy CMP 411.8 Target 560
15.11.2022 - BOFA on LICI Maintain Buy CMP 653.8 Target 945
15.11.2022 -  BOFA on Bharatforg Maintain Underperform CMP 854 Target 730
11.11.2022 - BOFA on Zomato Maintain Neutral CMP 72.65 Target 67
09.11.2022 - BOFA on Hindunilvr Maintain Buy CMP 2530 Target 2890
09.11.2022 - BOFA on ITC Maintain Buy CMP 353.7 Target 415
09.11.2022 - BOFA on Britannia Maintain Buy CMP 4125 Target 4752
09.11.2022 - BOFA on POLICYBZR  Maintain Buy CMP 384 Target 555
09.11.2022 - BOFA on CUMMINSIND Maintain Buy CMP 1349 Target 1578
03.11.2022 - BOFA on M&MFIN Maintain Buy CMP 218.95 Target 245
28.10.2022 - BOFA on PNBHOUSING Maintain Underperform CMP 439.75 Target 375
14.10.2022 - BOFA on INFY Maintain Neutral CMP 1477 Target 1535
04.10.2022 - BOFA on Zomato Maintain Neutral CMP 63.9 Target 67
04.10.2022 - BOFA on M&MFIN Maintain Buy CMP 199.2 Target 245
30.09.2022 - BOFA on NYKAA Maintain Neutral CMP 1274.95 Target 1685
27.09.2022 - BOFA on Indusindbk Maintain Buy CMP 1173.8 Target 1400
27.09.2022 - BOFA on HDFCBANK Maintain Buy CMP 1414.65 Target 1900
20.09.2022 - BOFA on DELHIVERY Maintain Buy CMP 581.95 Target 700
06.08.2022 - BOFA on MANAPPURAM Maintain Buy CMP 105.5 Target 130
01.09.2022 - BOFA on PVR Maintain Buy CMP 1830.75 Target 1830
30.08.2022 - BOFA on Eichermot Maintain Buy CMP 3360 Target 3900
19.08.2022 - BOFA on Gland Maintain Buy CMP 2415.5 Target 3200
17.08.2022 - BOFA on M&M Maintain Buy CMP 1274.9 Target 1450
12.08.2022 - BOFA on SAIL Maintain Underperform CMP 81.2 Target 70
04.08.2022 - BOFA on Bharatforg Maintain Underperform CMP 710.3 Target 620
03.08.2022 - BOFA on Godrejprop Maintain Neutral CMP  1392 Target 1650
25.07.2022 - BOFA on ICICIBANK Maintain Buy CMP 795.9 Target 1000
22.07.2022 - BOFA on LT Maintain Buy CMP 1774.25 Target 1849
22.06.2022 - BOFA on RBLBANK Maintain Underperform CMP 91 Target 110
22.07.2022 - BOFA on PVR Maintain Buy CMP 1938 Target 2460
20.07.2022 - BOFA on Hdfclife Maintain Buy CMP 525.25 Target 750
20.07.2022 - BOFA on Ambujacem Maintain Buy CMP 367.35 Target 410
01.07.2022 - BOFA on Bajaj-Auto Maintain Underperform CMP 3675 Target 3450
27.06.2022 - BOFA on DELHIVERY Maintain Buy CMP 492.4 Target 630
27.06.2022 - BOFA on Maruti Maintain Buy CMP 8425 Target 9500
27.06.2022 - BOFA on Zomato Maintain Neutral CMP 65.85 Target 82
24.06.2022 - BOFA on POWERGRID Maintain Buy CMP 208.90 Target 241
23.06.2022 - BOFA on Heromotoco Maintain Buy CMP 2678 Target 3000
22.06.2022 - BOFA on LICI Maintain Outperform CMP 667.30 Target 930
13.06.2022 - BOFA on NYKAA Maintain Neutral CMP 1462 Target 1885
13.06.2022 - BOFA on CAMPUS Maintain Neutral CMP 321.80 Target 355
06.06.2022 - BOFA on M&MFIN Maintain Buy CMP 186.4 Target 206
06.06.2022 - BOFA on NMDC Maintain Neutral CMP 123.7 Target 146
27.05.2022 - BOFA on Kotakbank Maintain Neutral CMP 1948 Target 2200
27.05.2022 - BOFA on MUTHOOTFIN Maintain Buy CMP 1094.95 Target 1710
26.05.2022 - BOFA on Coalindia Maintain Buy CMP 183.80 Target 218
24.05.2022 - BOFA on Divislab Maintain Neutral CMP 3898 Target 4300
13.05.2022 - BOFA on LT Maintain Buy CMP 1553 Target 1806
12.05.2022 - BOFA on Hcltech Maintain Buy CMP 1061 Target 1300
02.05.2022 - BOFA on Maruti Maintain Buy CMP 7717 Target 8750
29.04.2022 - BOFA on Axisbank Maintain Buy CMP 780 Target 900
29.04.2022 - BOFA on AMBUJACEM Maintain Buy CMP 383 Target 425
28.04.2022 - BOFA on Bajaj-Auto Maintain Buy CMP 3905.6 Target 4100
28.04.2022 - BOFA on HDFCAMC Maintain Buy CMP 1700 Target 2785
27.04.2022 - BOFA on Aubank Maintain Buy CMP 1408.95 Target 1700
27.04.2022 - BOFA on Hdfclife Maintain Buy CMP 550 Target 780
20.04.2022 - BOFA on ACC Maintain Underperform CMP 2056.50 Target 2000
18.04.2022 - BOFA on HDFCBANK Maintain Buy CMP 1397.5 Target 1900
12.04.2022 - BOFA on TCS Maintain Neutral CMP 3696 Target 3780
07.04.2022 - BOFA on M&M Maintain Buy CMP 874.05 Target 1050 
05.04.2022 - BOFA on M&MFIN Maintain Buy CMP 168.10 Target 188
30.03.2022 - BOFA on Escorts Maintain Underperform CMP 1638 Target 1500
30.03.2022 - BOFA on INDIAMART Maintain Underweight CMP 4302 Target 3285
29.03.2022 - BOFA on Auropharma Maintain Buy CMP 675.75 Target 845
29.03.2022 - BOFA on INDIAMART Maintain Underperform CMP 4404.6 Target 3285
24.03.2022 - BOFA on SUNPHARMA Maintain Buy CMP 896.25 Target 930
23.03.2022 - BOFA on GLS Maintain Buy CMP 464.90 Target 665
23.03.2022 - BOFA on Divislab Maintain Neutral CMP 4560 Target 4550
22.03.2022 - BOFA on VEDL Maintain Buy CMP 400 Target 485
22.03.2022 - BOFA on Cipla Maintain Underperform CMP 1050 Target 860
24.02.2022 - BOFA on WIPRO Maintain Underperform CMP 566 Target 555
24.02.2022 - BOFA on Techm Maintain Buy CMP 1413 Target 1665
24.02.2022 - BOFA on HCLTECH Maintain Buy CMP 1151 Target 1315
24.02.2022 - BOFA on TCS Maintain Neutral CMP 3572 Target 3780
24.02.2022 - BOFA on INFY Maintain Neutral CMP 743 Target 1830
11.02.2022 - BOFA on Zomato Maintain Buy CMP 94 Target 115
11.02.2022 - BOFA on M&M Maintain Neutral CMP 853 Target 920
08.02.2022 - BOFA on Tatasteel Maintain Buy 1194.95 Target 1430
18.01.2022 - BOFA on Ultratech Maintain Buy CMP 7870 Target 8900
13.01.2022 - BOFA on Tatamotors Maintain Neutral CMP 650.05 Target 525
13.01.2022 - BOFA on WIPRO Maintain Underperform CMP 650.05 Target 700

TCS

TCS(Tata Consultancy Services Limited)

10.01.2023 - BERNSTEIN on TCS Maintain Outperform CMP 3337.55 Target 3840
10.01.2023 - CITI on TCS Maintain Sell CMP 3337.55 Target 2990
10.01.2023 - JpMorgan on TCS Maintain Underweight CMP 3337.5 Target 3000
10.01.2023 - Nomura on TCS Maintain Reduce CMP 3337.55 Target 2850
10.01.2023 - MS on TCS Maintain Equal-Weight CMP 3337.55 Target 3350
17.11.2022 - MS on TCS Maintain Equal-Weight CMP 3340 Target 3050
11.10.2022 - CLSA on TCS Maintain Outperform CMP 3064 Target 3450
11.10.2022 - CITI on TCS Maintain Sell CMP 3064 Target 2900
11.10.2022 - Macquarie on TCS Maintain Outperform CMP 3064 Target 4150
11.10.2022 - Bernstein on TCS Maintain Outperform CMP 3064 Target 3850
14.09.2022 - GS on TCS Maintain Sell CMP 3125 Target 2611
14.09.2022 - CLSA on TCS Maintain Outperform CMP 3125 Target 3750
11.07.2022 - BERNSTEIN on TCS Maintain Outperform CMP 3084.5 Target 3840
11.07.2022 - GS on TCS Maintain Buy CMP 3084.5 Target 3678
11.07.2022 - MS on TCS Maintain Equal-Weight CMP 3084 Target 3900
11.07.2022 - Kotak Instl on TCS Maintain Add CMP 3084 Target 3400
11.07.2022 - JpMorgan on TCS Maintain Underweight CMP 3084.5 Target 2800
11.07.2022 - Nomura on TCS Maintain Reduce CMP 3084.5 Target 2910
11.07.2022 - CITI on TCS Maintain SELL CMP 3084.5 Target 3015
11.07.2022 - CS on TCS Maintain Neutral CMP 3084.5 Target 3275
11.07.2022 - UBS on TCS Maintain Neutral CMP 3084.5 Target 3570
11.07.2022 - Jefferies on TCS Maintain Hold CMP 3084.5 Target 3140
12.04.2022 - MS on TCS Maintain Equal-Weight CMP 3696 Target 3900
12.04.2022 - JpMorgan on TCS Maintain Neutral CMP 3696 Target 3900
12.04.2022 - BOFA on TCS Maintain Neutral CMP 3696 Target 3780
12.04.2022 - CLSA on TCS Maintain Outperform CMP 3696 Target 4000
24.02.2022 - BOFA on TCS Maintain Neutral CMP 3572 Target 3780
13.01.2022 - CITI on TCS Maintain SELL  CMP 3857 Target 3580
13.01.2022 - MS on TCS Maintain Overweight CMP 3857 Target 4400
13.01.2022 - GS on TCS Maintain Buy CMP 3857 Target 4747

GOLDMAN SACHS ON TCS : 09.07.2021

* MAINTAIN BUY TARGET: 3,703
* GS maintains Buy rating on TCS, but target is cut to Rs 3,703. It believes co's strong domain expertise to help maintain double-digit rev growth over FY22-24
* EPS Estimates Cut By 2-5% To Factor In Loss In India Biz & Lower Margin
* Few Discretionary Expenses Expected To Return By End Of FY22
* Strong Domain Expertise To Help Maintain Double-digit Rev Growth Over FY22-24

UBS ON TCS : 09.07.2021

* UBS has a Neutral stance on TCS after Q1 earnings
* MAINTAIN NEUTRAL TARGET: 3,345
• Q1 Revenue & Margin Miss Forecasts
* Expect Consensus Earnings Cuts Post Q1 Numbers
• Broader Market Concerns Could Keep The Stock Defensive

JPMORGAN ON TCS : 09.07.2021

* JPMorgan maintains Overweight rating on TCS as deal wins remain strong
* MAINTAIN OVERWEIGHT TARGET: 3,680
* Misses Across Revenues/EPS Led By India/EU
* Deal Wins Remain Strong
• Co's Exposure To India Is Higher Than Peers
* Primary Takeaways From Its Strong Deal Wins & Key Verticals Positive For Infosys, HCL

CITI ON TCS : 09.07.2021

* MAINTAIN SELL TARGET: 3,080
* Citi has a Sell rating on TCS as it finds valuations high for a FY20-23 EPS CAGR estimate of 7%
* Q1 Slightly Below Our Expectations On Revenues
* As Expected, India Business Was Weak QoQ
* Trim EPS Estimates By 1 2%
* Find Valuations High For A FY20-23 EPS CAGR Estimate Of 7%

MACQUARIE ON TCS : 09.07.2021

* Macquarie maintains Outperform call on TCS but cuts FY22-23 EPS estimates by 1%
* MAINTAIN OUTPERFORM TARGET: 3,640
* Strong Constant Currency Revenue Growth Partly Offset By Weakness In India
• Well Positioned To Benefit From Strong Demand Environment
* FY22-23 EPS Estimates Cut By 1%

CLSA ON TCS: 09.07.2021

* Maintain Outperform, Target at Rs 3,770/share
* Soft domestic business, strong margin defence, healthy order book
* FY22 and beyond strategic priorities are changing
* Margin defence should keep cash conversion healthy

CITI ON TCS : 09.07.2021

* Maintain SELL on TCS
* Q1 slightly below expectations; India business was weak QoQ
* LTM attrition went up to 8.6% (vs 7.2% qoq)
* Trim EPS by ~1-2%; target price of Rs 3,080

MACQUARIE ON TCS : 09.07.2021

* Maintain Outperform, Target at Rs 3,640/share
* Strong growth in core markets partly offset by India weakness
* TCS remains well positioned to benefit from strong demand
* <1% change in FY22-23 EPS; Growth pick-up to aid stability

TECHM

TECHM(Tech Mahindra Limited)

02.11.2022 - CLSA on Techm Maintain Underperform CMP 1079.5 Target 1070
02.11.2022 - Nomura on Techm Maintain Buy CMP 1079.5 Target 1160
14.09.2022 - GS on TECHM Maintain Sell CMP 1112 Target 868
26.07.2022 - Bernstein on TECHM Maintain Outperform CMP 999.65 Target 1210
26.07.2022 - MS on TECHM Maintain Overweight CMP 999.65 Target 1100
26.07.2022 - JpMorgan on TECHM Maintain Overweight CMP 999.65 Target 1100
26.07.2022 - Nomura on TECHM Maintain Buy CMP 999.65 Target 1270
26.07.2022 - Jefferies on TECHM Maintain Hold CMP 999.65 Target 1070
26.07.2022 - GS on TECHM Maintain Neutral CMP 999.65 Target 979
16.05.2022 - UBS on TECHM Maintain Sell CMP 1202.85 Target 1260
16.05.2022 - MS on TECHM Maintain Overweight CMP 1202.85 Target 1650(PREV TGT 1800)
15.03.2022 - Nomura on TECHM Maintain Buy CMP 1503 Target 2220
24.02.2022 - BOFA on Techm Maintain Buy CMP 1413 Target 1665
02.02.2022 - UBS on TECHM Maintain Sell CMP 1505.80 Target 1260
02.02.2022 - Nomura on Techm Maintain Buy CMP 1505.80 Target 2220
18.01.2022 - Motilal Oswal on Techm Maintain Neutral CMP 1722 Target 1910
18.01.2022 - Jefferies On Techm Maintain Buy CMP 1722 Target 2030
18.01.2022 - Nomura on Techm Maintain Buy CMP 1722 Target 2220
10.01.2022 - MS on Techm Maintain Overweight  Target 2100
30.12.2021 - Edelweiss On Techm Mahindra Maintain Tactical buy Target Rs.2050

CITI ON TECH MAHINDRA : 30.03.2022

• Potential downside risks to consensus estimates
• Open a 90-day negative catalyst watch
* Tech Mahindra remains one of the few Buy-rated
* Communication business is in a favorable cycle, aiding overall growth
* Consistent large deals providing visibility
* Scope for improving medium-term margins
• Valuation at -25% discount to the sector
• FY23E EBIT estimates are -6% below current consensus

GS ON TECH MAHINDRA : 30.07.2021

* GS maintains Neutral stance on Tech Mahindra with target being below the CMP
* MAINTAIN NEUTRAL TARGET: 1,059
• Co Has Done Better Than Expectations In This Quarter
* Increase EPS Est & Tgt But Remain On Sidelines Given Lack Of Broad-based Digital Capabilities

CITI ON TECH MAHINDRA : 30.07.2021

* Citi maintains Buy rating on Tech Mahindra after better-than-expected Q1, raises FY22/23 EPS estimates by 3-4%
* Co Reported A Good Q1; Rev/EBIT Are Above Expectations
* Deal TCVs Strong At $185 m For 2nd Quarter In A Row
* Supply Side Challenges Are Visible Across The Sector
* Co's Attrition Increases To 17% LTM; Co Sees High Subcontractor Costs in Q1
* Raise FY22/23 EPS Est By 3-4%; Co Is One Of Our Top Picks
* MAINTAIN BUY TARGET: 1,380

JPMORGAN ON TECH MAHINDRA : 30.07.2021

* JPMorgan has an Overweight rating on Tech Mahindra
* Co Reported A Strong Q1 Print With A Beat Across Revenues, Margins & Profits
* Net New Deal Wins Were Healthy At $815 m
* Revenue Grew 3.9% CC QoQ, 130 bps/160 bps Beat Vs Consensus
• EBIT Margin At 15.2%, 85 bps/75 bps Beat Vs Consensus
* CEO Guided For Q1 Revenue Growth Trajectory To Continue, For The Rest Of FY22
* MAINTAIN BUY TARGET: 1,250

CLSA ON TECH MAHINDRA : 12.07.2021

* MAINTAIN BUY TARGET: 1,300
* CLSA maintains Buy call on Tech Mahindra, estimates restructuring legacy acquisitions to provide 70-80 bps margin leverage over medium term
* Its Approach To M&As Has Become More Structured Over Past 3 Yrs
* Financial Discipline Should Lead To A More Predictable Capital Allocation Policy
* Concurrent Work On Restructuring Legacy Acquisitions Is Also Complete
* Estimate It To Provide 70-80 bps Margin Leverage Over Medium Term

CLSA ON TECH MAHINDRA : 12.07.2021

• Acquisitions have been integral to Tech Mahindra's business model
• Tech Mahindra is among more acquisitive Indian IT companies
• Spent 25% of its FCF over FY13-21 on 26 transactions
• M&As has become more structured over the past three years

CITI ON TECH MAHINDRA : 08.07.2021

* Opening Positive Catalyst Watch
* See growth acceleration post Q1'22
* Deal flow was strong in Q4'21
* Strength is expected to continue in 1Q22/2Q22 note
* Stock has underperformed ~10% vs sector YTD
* See increasing 5G component in pipeline
* Valuations look attractive relatively given its ~32% discount
* TechM is also one of our top sector picks

WIPRO

WIPRO

16.01.2023 - CLSA on Wipro Maintain Outperform CMP 393.3 Target 450
16.01.2023 - Nomura on Wipro Maintain Neutral CMP 393.3 Target 425
16.01.2023 - BOFA on Wipro Maintain Underperform CMP 393.3 Target 395
16.01.2023 - Jefferies on Wipro Maintain Underperform CMP 393.3 Target 355
16.01.2023 - Kotak Inst on Wipro Maintain Reduce CMP 393.3 Target 425
16.01.2023 - Investec on Wipro Maintain Hold CMP 393.3 Target 405
13.10.2022 - MS on Wipro Maintain Underperform CMP 379.6 Target 365
13.10.2022 - Nomura on Wipro Maintain Neutral CMP 379.6 Target 380
13.10.2022 - CLSA on Wipro Maintain Outperform CMP 379.6 Target 450
13.10.2022 - Macquarie on Wipro Maintain Outperform CMP 379.6 Target 540
13.10.2022 - JpMorgan on Wipro Maintain Underweight CMP 379.6 Target 360
13.10.2022 - UBS on Wipro Maintain Neutral CMP 379.6 Target 420
15.09.2022 - CLSA on Wipro Maintain Outperform CMP 414.9 Target 460
14.09.2022 - GS on WIPRO Maintain Buy CMP 417 Target 381
12.09.2022 - CITI on Wipro Maintain Sell CMP 421.75 Target 385
21.07.2022 - CITI on Wipro Maintain Sell CMP 414.2 Target 385
21.07.2022 - CS on Wipro Maintain Neutral CMP 414.2 Target 415
21.07.2022 - Nomura on Wipro Maintain Neutral CMP 414.2 Target 440
02.05.2022 - Jefferies on Wipro Maintain Hold CMP 508 Target 545
02.05.2022 - MS on Wipro Maintain Overweight CMP 508 Target 640
02.05.2022 - CLSA on Wipro Maintain Outperform CMP 508 Target 580
16.03.2022 - Nomura on Wipro Maintain Buy CMP 587 Target 850
24.02.2022 - BOFA on WIPRO Maintain Underperform CMP 566 Target 555
22.02.2022 - CLSA on Wipro Maintain Outperform CMP 564.15 Target (650)
13.01.2022 - CITI on Wipro Maintian Buy Cmp 691 Target 820(Previous TG 830)
13.01.2022 - JpMorgan on Wipro Maintain Neutral CMP 691 Target 680
13.01.2022 - UBS on Wipro Maintain Neutral CMP 691 Target 660
13.01.2022 - BOFA on WIPRO Maintain Underperform CMP 650.05 Target 700
13.01.2022 - MS on WIPRO Maintain Equal Weight CMP 650.05 Target 775
21.12.2021 - Morgan Stanley On Wipro - Maintain Equal Weight CMP 665 - Target Rs.700

UBS ON WIPRO : 16.07.2021

* Recent run in stock could cap near-term upsides for Wipro, UBS says, maintains NEUTRAL rating on the stock
* Should See Some Upgrade To Consensus Earnings
* Recent Run In Stock Could Cap Near-term Upsides
* Lower TCV Addition Could Cause Some Concern
* MAINTAIN NEUTRAL TARGET: 470

MS ON WIPRO : 16.07.2021

* Execution on revenue growth by Wipro has improved meaningfully, positive surprise drives higher EPS estimates, Morgan Stanley says
* Execution On Revenue Growth Has Improved Meaningfully
• Positive Surprise Drives Higher EPS Estimates
• Consistent Strong Execution Will Be Needed Before Multiples Match The Peer Group
* MAINTAIN UNDERWEIGHT TARGET: 560 (PREVTGT:520)

CLSA ON WIPRO : 16.07.2021

* CLSA has to say about Wipro after the co reported its Q1 earnings yesterday
* Constant Currency Revenue Growth Well Above Its Guidance & Our Estimate
• It Will Normalise As 5 7% QOQ Q2 Rev Growth Guidance Implies 1.8 3.8% Organic Growth
* MAINTAIN UNDERPERFORM TARGET: 560 (PREVTGT:540)

CITI ON WIPRO : 16.07.2021

* Citi raises target multiple for Wipro to 28 times from 26 for FY23 after the IT major's Q1 earnings yesterday
* Q1 Revenue & Guidance Surprised While Margin, Attrition Trend & TCV Were Weak
* Growth A Combination Of 4.9% QoQ Organic Growth & Significantly Better Nos. At Capco
* Our New Estimates For Revenue Growth Are 27%/11% for FY22/23; EPS Growth Of 15%/6%
* Raise Target Multiple To 28x From 26x For FY23
* MAINTAIN BUY TARGET: 655 (PREVTGT: 615)

CITI ON WIPRO : 16.07.2021

• Wipro's 1Q revenue & guidance surprised while margins
• Attrition trend & TCV were weaker
• Growth was a combination of 4.9% qoq organic growth
* Wipro is executing well under the new leadership
* Expect the rerating to continue despite supply challenges
• Raise our target multiple to 28x FY23E (earlier 26x)
* Maintain Neutral, Target at Rs 575/share
* Beat on revenue but adjusted for one-offs operating profit
• 2QFY22 guidance of 5-7% cc QoQ growth
* Change FY22E-24E EPS by 5-7%

 Credit Suisse View Wipro : 01.07.2021

* Wipro To Outperform Peers On Revenue Growth Led By Acquisition
* Expect Sequential Revenue Growth Of 2.4-3.3%
* In Constant Currency Profitability Better For Other Companies
* Believe IT Services Sector Has Entered A Technology Upcycle
* Infosys, HCLT and TCS Are Our Preferred Picks In The Sector

MS(Morgan Stanley)

MS(Morgan Stanley)

18.01.2023 - MS on Icicipruli Maintain Overweight CMP 405.9 Target 630
18.01.2023 - MS on ICICIGI Maintain Overweight CMP 1092 Target 1495
18.01.2023 - MS on BANKINDIA Maintain Overweight CMP 82 Target 125
17.01.2023 - MS On FEDERALBNK Maintain Overweight CMP 134 Target 175
17.01.2023 - MS on TATACHEM Maintain Overweight CMP 1002.5 Target 1278
16.01.2023 - MS on MCX Maintain Equal-Weight CMP 1459.9 Target 3853
16.01.2023 - MS on MCX Maintain Underweight CMP 1459.9 Target 1250
16.01.2023 - MS on L&TFH Maintain Equal-weight CMP 91.15 Target 95
16.01.2023 - MS on DMART Maintain Equal-Weight CMP 3451 Target 3853
13.01.2023 - MS on CYIENT Maintain Underweight CMP 891.5 Target 730
13.01.2023 - MS on LTTS Maintain Underweight CMP 3446 Target 3300
13.01.2023 - MS on INFY Maintain Overweight CMP 1581 Target 1670
13.01.2023 - MS on Maruti Maintain Overweight CMP 8855 Target 10483
12.01.2023 - MS on PAYTM Maintain Equal-Weight CMP 543.5 Target 695
10.01.2023 - MS on TCS Maintain Equal-Weight CMP 3337.55 Target 3350
10.01.2023 - MS on BHARTIARTL Maintain Buy CMP 756.75 Target 825
10.01.2023 - MS on Tatamotors Maintain Overweight CMP 412.2 Target 502
09.01.2023 - MS on Titan Maintain Overweight CMP 2445 Target 3000
09.01.2023 - MS on Asianpaint Maintain Underweight CMP 2917 Target 2674
09.01.2023 - MS on Tatasteel Maintain Equal-Weight CMP 117.9 Target 95
09.01.2023 - MS on ZYDUSLIFE Maintain Overweight CMP 448.8 Target 513
09.01.2023 - MS on LODHA Maintain Equal-Weight CMP 1030 Target 1145
09.01.2023 - MS on Sobha Maintain Overweight CMP 594 Target 1024
05.01.2023 - MS on Tatapower Maintain Underweight CMP 206.05 Target 189
05.01.2023 - MS on M&MFin Maintain Overweight CMP 232.9 Target 275
05.01.2023 - MS on Adaniports Maintain Overweight CMP 795 Target 1030
05.01.2023 - MS on RBLBANK Maintain Underweight CMP 177.75 Target 130
05.01.2023 - MS on AUBANK Maintain Overweight CMP 628.85 Target 875
05.01.2023 - MS on Yesbank Maintain Underweight CMP 19.85 Target 20.5
04.01.2023 - MS on Indusindbk Maintain Overweight CMP 1207.1 Target 1475
04.01.2023 - MS on DMART Maintain Overweight CMP 3914 Target 4590
02.01.2023 - MS on MCX Maintain Underweight CMP 1512.95 Target 1220
23.12.2022 - MS on SBICARD Maintain Overweight CMP 795.05 Target 1100
14.12.2022 - MS on YESBANK Maintain Underweight CMP 22.05 Target 20.50
14.12.2022 - MS on PAYTM Maintain Equal-Weight CMP 529.8 Target 695
13.12.2022 - MS on DALBHARAT Maintain Overweight CMP 1836.45 Target 1900
12.12.2022 - MS on ABCAPITAL Maintain Equal-Weight CMP 156.6 Target 160
12.12.2022 - MS on Bharatforg Maintain Overweight CMP 868.4 Target 1035
09.12.2022 - MS on Hindunilvr Maintain Equal-Weight CMP 2717.4 Target 2230
09.12.2022 - MS on Sunpharma Maintain Overweight CMP 993 Target 1150
07.12.2022 - MS on Axisbank Maintain Overweight CMP 931.5 Target 1155
07.12.2022 - MS on ICICIBANK Maintain Overweight CMP 930.25 Target 1250
07.12.2022 - MS on Dabur Maintain Overweight CMP 597.7 Target 660
03.12.2022 - MS on RBLBANK Maintain Underweight CMP 151.4 Target130
03.12.2022 - MS on ICICIBANK Maintain Overweight CMP 930.25 Target 1250
03.12.2022 - MS on M&MFIN Maintain Overweight CMP 229.9 Target 275
03.12.2022 - MS on Muthoorfin Maintain Equal-Weight CMP 1101.5 Target 1150
03.12.2022 - MS on Manappuram Maintain Overweight CMP 115.7 Target 150
02.12.2022 - MS on MCX Maintain Underweight CMP 1563.95 Target 1120
02.12.2022 - MS on PAYTM Maintain Equal-Weight CMP 844.75 Target 695
30.11.2022 - MS on DELHIVERY Maintain Overweight CMP 334.7 Target 450
30.11.2022 - MS on Gland Maintain Overweight CMP 1819.95 Target 2558
29.11.2022 - MS on BALKRISIND Maintain Underweight CMP 2032 Target 1661
29.11.2022 - MS on APOLLOTYRE Maintain Overweight CMP 314.2 Target 348
29.11.2022 - MS on Zomato Maintain Overweight CMP 63.35 Target 92
28.11.2022 - MS on HAL Maintain Overweight CMP 2763 Target 3216
22.11.2022 - MS on AARTIIND Maintain Underweight CMP 672.5 Target 685
21.11.2022 - MS on BHARTIARTL Maintain Overweight CMP 849.05 Target 825
18.11.2022 - MS on AUBANK Maintain Overweight CMP 614.7 Target 875
18.11.2022 - MS on Axisbank Maintain Overweight CMP 861.4 Target 1150
18.11.2022 - MS on POLICYBZR Maintain Overweight CMP 382.45 Target 620
18.11.2022 - MS on APOLLOTYRE Maintain Overweight CMP 275.7 Target 329
18.11.2022 - MS on INDIGO Maintain Overweight CMP 1758 Target 2749
18.11.2022 - MS on Indhotel Maintain Overweight CMP 317.65 Target 381
17.11.2022 - MS on OBEROIRLTY Maintain Equal-Weight CMP 887.2 Target 885
17.11.2022 - MS on Tatamotots Maintain Overweight CMP 422 Target 502
17.11.2022 - MS on AARTIIND Maintain Underweight CMP 672 Target 685
17.11.2022 - MS on HAL Maintain Overweight CMP 2696.4 Target 3024
17.11.2022 - MS on Kotakbank Maintain Equal-Weight CMP 1963.8 Target 2215
17.11.2022 - MS on TATAELXSI Maintain Underweight CMP 6938 Target 5800
17.11.2022 - MS on TCS Maintain Equal-Weight CMP 3340 Target 3050
17.11.2022 - MS on BankBaroda Maintain Overweight CMP 162.9 Target 195
17.11.2022 - MS on ICICIGI Maintain Overweight CMP 1136.55 Target 1400
16.11.2022 - MS on APOLLOTYRE Maintain Overweight CMP 298 Target 329
16.11.2022 - MS on BALKRISIND Maintain Underweight CMP 1964 Target 1649
16.11.2022 - MS on IPCALAB Maintain Equal-Weight CMP 869.95 Target 1096
15.11.2022 - MS on Bharatforg Maintain Overweight CMP 854 Target 1035
15.11.2022 - MS on IBULHSGFIN Maintain Underweight CMP 133.2 Target 111
15.11.2022 - MS on Glenmark Maintain Underweight CMP 433.7 Target 422
14.11.2022 - MS on Indhotel Maintain Overweight CMP 312 Target 381
11.11.2022 - MS on ZYDUSLIFE Maintain Overweight CMP 423.5 Target 513
14.11.2022 - MS on Apollohosp Maintain Overweight CMP 4546.35 Target 5332
11.11.2022 - MS on Eichermot Maintain Equal-Weight CMP 3519 Target 4065
11.11.2022 - MS on GUJGASLTD Maintain Underweight CMP 481.35 Target 466
11.11.2022 - MS on Zomato Maintain Overweight CMP 72.65 Target 80
10.11.2022 - MS on Hcltech Maintain Overweight CMP 1051 Target 1100
09.11.2022 - MS on LALPATHLAB Maintain Equal-Weight CMP 2621 Target 2214
09.11.2022 - MS on Godrejcp Maintain Overweight CMP 810.85 Target 1101
09.11.2022 - MS on PAYTM Maintain Equal-Weight CMP 652 Target 785
09.11.2022 - MS on ABCAPITAL Maintain Overweight CMP 128.3 Target 160
09.11.2022 - MS on Jublfood Maintain Overweight CMP 613 Target 657
09.11.2022 - MS on Powergrid Maintain Overweight CMP 228 Target 256
09.11.2022 - MS on POLICYBZR  Maintain Overweight CMP 384 Target 620
07.11.2022 - MS on BankBaroda Maintain Overweight CMP 158.25 Target 195
07.11.2022 - MS on SBIN Maintain Overweight CMP 613.8 Target 715
07.11.2022 - MS on Britannia Maintain Overweight CMP 4125 Target 3892
04.11.2022 - MS on BANKINDIA Maintain Overweight CMP 67.5 Target 95
03.11.2022 - MS on LODHA Maintain Equal-Weight CMP 955 Target 1145
03.11.2022 - MS on DALBHARAT Maintain Overweight CMP 1656.9 Target 1850
03.11.2022 - MS on M&MFIN Maintain Overweight CMP 218.95 Target 225
03.11.2022 - MS on Lichsgfin Maintain Underweight CMP 369.7 Target 320
02.11.2022 - MS on Sunpharma Maintain Overweight CMP 1051.6 Target 1150
02.11.2022 - MS on NYKAA Maintain Overweight CMP 1150 Target 1889
02.11.2022 - MS on PNB Maintain Equal-Weight CMP 39.1 Target 40
02.11.2022 - MS on Cholafin Maintain Equal-Weight CMP 742.75 Target 725
02.11.2022 - MS on Lichsgfin Maintain Underweight CMP 364.55 Target 375
02.11.2022 - MS on KANSAINER Maintain Underweight CMP 466.5 Target 415
01.11.2022 - MS on ABCAPITAL Maintain Overweight CMP 118 Target 150
01.11.2022 - MS on BHARTIARTL Maintain Overweight CMP 835.35 Target 825
01.11.2022 - MS on LT Maintain Overweight CMP 2021 Target 2305
31.10.2022 - MS on Drreddy Maintain Overweight CMP 4427.45 Target 5099
28.10.2022 - MS on BEL Maintain Overweight CMP 107.1 Target 124
28.10.2022 - MS on SBICARD Maintain Overweight CMP 826.45 Target 1100
28.10.2022 - MS on PNBHOUSING Maintain Overweight CMP 439.75 Target 570
27.10.2022 - MS on Dabur Maintain Equal-Weight CMP 551 Target 537
25.10.2022 - MS on RBLBANK Maintain Underweight CMP 136.9 Target 115
18.10.2022 - MS on Gland Maintain Overweight CMP 2156.05 Target 2748
18.10.2022 - MS on ACC Maintain Underweight CMP 2260 Target 1950
18.10.2022 - MS on Srtransfin Maintain Overweight CMP 1188 Target 1480
14.10.2022 - MS on CYIENT Maintain Underweight CMP 762 Target 700
14.10.2022 - MS on Mindtree Maintain Equal-Weight CMP 3389 Target 3400
13.10.2022 - MS on Hcltech Maintain Overweight CMP 981.05 Target 1100
13.10.2022 - MS on Wipro Maintain Underperform CMP 379.6 Target 365
12.10.2022 - MS on Sobha Maintain Overweight CMP 641.3 Target 1024
12.10.2022 - MS on INFY Maintain Overweight CMP 1422 Target 1550
07.10.2022 - MS on ZYDUSLIFE Maintain Overweight CMP 420 Target 513
04.10.2022 - MS on DMART Maintain Overweight CMP 4488.5 Target 4590
04.10.2022 - MS on IDFCFIRSTB Maintain Underperform CMP 53.15 Target 34
04.10.2022 - MS on M&MFIN Maintain Overweight CMP 199.2 Target 225
03.10.2022 - MS on Reliance Maintain Overweight CMP 2367.05 Target 3085
03.10.2022 - MS on CYIENT Maintain Overweight CMP 782.7 Target 700
30.09.2022 - MS on GUJGASLTD Maintain Underperform CMP 506 Target 466
29.09.2022 - MS on Godrejcp Maintain Overweight CMP 909.4 Target 1101
29.09.2022 - MS on Heromotoco Maintain Underweight CMP 2540.75 Target 1937
28.09.2022 - MS on DLF Maintain Overweight CMP 349.7 Target 417
27.09.2022 - MS on Maruti Maintain Overweight CMP 8777 Target 9839
27.09.2022 - MS on MOTHERSON Maintain Underweight CMP 112.05 Target 106
27.09.2022 - MS on SBICARD Maintain Overweight CMP 909 Target 1100
23.09.2022 - MS on M&MFIN Maintain Overweight CMP 180.3 Target 225
20.09.2022 - MS on ASTRAL Maintain Overweight CMP 2429.45 Target 2187
16.09.2022 - MS on HDFCAMC Maintain Equal-Weight CMP 1939 Target 2040
16.09.2022 - MS on SBILIFE Maintain Overweight CMP 1275.95 Target 1500
16.09.2022 - MS on Drreddy Maintain Overweight CMP 4080 Target 5099
15.09.2022 - MS on Icicibank Maintain Overweight CMP 917 Target 1225
15.09.2022 - MS on Axisbank Maintain Overweight CMP 789.85 Target 1000
15.09.2022 - MS on Kotakbank Maintain Overweight CMP 1935 Target 2215
07.09.2022 - MS on SBIN Maintain Buy CMP 532.1 Target 675
07.09.2022 - MS on BANKBARODA Maintain Buy CMP 134.6 Target 170
07.09.2022 - MS on AXISBANK Maintain Buy CMP 754 Target 1000
07.09.2022 - MS on ICICIBANK Maintain Buy CMP 902 Target 1225
07.09.2022 - MS on Bajfinance Maintain Overweight CMP 7502.5 Target 8500
06.09.2022 - MS on APOLLOTYRE Maintain Overweight CMP 272.45 Target 329
06.09.2022 - MS on SRF Maintain Buy CMP 2617.2 Target 2757
05.09.2022 - MS on Reliance Maintain Overweight CMP 2567.15 Target 3085
24.08.2022 - MS on GLAXO Maintain Underweight CMP 1482 Target 1416
24.08.2022 - MS on Reliance Maintain Hold CMP 2628 Target 2620
19.08.2022 - MS on Dmart Maintain Overweight CMP 4376 Target 4590
17.08.2022 - MS on SOBHA Maintain Overweight CMP 715.9 Target 1024
17.08.2022 - MS on TORNTPOWER Maintain Equal-Weight CMP 582.05 Target 533
16.08.2022 - MS on METROPOLIS Maintain Overweight CMP 1447 Target 1547
16.08.2022 - MS on ONGC Maintain Overweight CMP 139.9 Target 177
16.08.2022 - MS on Apollohosp Maintain Overweight CMP 4343.05 Target 5332
10.08.2022 - MS on TORNTPOWER Maintain Equal-Weight CMP 556 Target 533
08.08.2022 - MS on TITAN Maintain Overweight CMP 2447.5 Target 2621
05.08.2022 - MS on DALBHARAT Maintain Overweight CMP 1605 Target 1700
05.08.2022 - MS on Lichsgfin Maintain Underweight CMP 379.25 Target 330
05.08.2022 - MS on Lupin Maintain Equal-Weight CMP 669.4 Target 719
05.08.2022 - MS on Dabur Maintain Equal-Weight CMP 577.85 Target 537
05.08.2022 - MS on BHEL Maintain Underweight CMP 51.55 Target 34.6
05.08.2022 - MS on Britannia Maintain Overweight CMP 3689 Target 3892
05.08.2022 - MS on Godrejcp Maintain Underweight CMP 853.45 Target 700
05.08.2022 - MS on SBICARD Maintain Overweight CMP 943 Target 1100
03.08.2022 - MS on Voltas Maintain Overweight CMP 999.8 Target 1160
03.08.2022 - MS on Godrejprop Maintain Underweight CMP 1392 Target 1487
02.08.2022 - MS on ITC Maintain Overweight CMP 309.3 Target 330
02.08.2022 - MS on Ashokley Maintain Overweight CMP 148.35 Target 156
02.08.2022 - MS on Zomato Maintain Overweight CMP 55.55 Target 80
01.08.2022 - MS on BANKBARODA Maintain Overweight CMP 116.4 Target 155
01.08.2022 - MS on Cholafin Maintain Equal-Weight CMP 731.9 Target 725
01.08.2022 - MS on DLF Maintain Overweight CMP 385.5 Target 417
01.08.2022 - MS on Cipla Maintain Overweight CMP 1005 Target 1122
01.08.2022 - MS on IDFCFIRSTB Maintain Underweight CMP 42.05 Target 34
29.07.2022 - MS on Drreddy Maintain Overweight CMP 4091 Target 5099
29.07.2022 - MS on Jublfood Maintain Overweight CMP 551.65 Target 657
29.07.2022 - MS on NESTLEIND Maintain Underweight CMP 19350 Target 14566
29.07.2022 - MS on Biocon Maintain Overweight CMP 307.55 Target 465
29.07.2022 - MS on SBILIFE Maintain Overweight CMP 1294 Target 1500
29.07.2022 - MS on SBICARD Maintain Overweight CMP 936 Target 1100
29.07.2022 - MS on M&MFIN Maintain Overweight CMP 186.8 Target 225
29.07.2022 - MS on LALPATHLAB Maintain Equal-Weight CMP 4091 Target 2214
27.07.2022 - MS on Sunpharma Maintain Overweight CMP 895.2 Target 1032
26.07.2022 - MS on Axisbank Maintain Buy CMP 706.4 Target 910
26.07.2022 - MS on CANBK Maintain Overweight CMP 221.1 Target 230
26.07.2022 - MS on TECHM Maintain Overweight CMP 999.65 Target 1100
25.07.2022 - MS on Reliance Maintain Overweight CMP 2422 Target 3253
25.07.2022 - MS on Kotakbank Maintain Equal-Weight CMP 1753 Target 2100
25.07.2022 - MS on ICICIBANK Maintain Overweight CMP 795.9 Target 1040
25.07.2022 - MS on Infy Maintain Overweight CMP 1450.85 Target 1535
22.07.2022 - MS on CYIENT Maintain Underweight CMP 783.55 Target 680
22.07.2022 - MS on Mphasis Maintain Overweight CMP 2276.25 Target 2430
22.07.2022 - MS on Aubank Maintain Overweight CMP 584.2 Target 850
22.07.2022 - MS on SRF Maintain Overweight CMP 2280 Target 2757
21.07.2022 - MS on Indusindbk Maintain Overweight CMP 946.50 Target 1300
20.07.2022 - MS on Hdfclife Maintain Overweight CMP 525.25 Target 705
20.07.2022 - MS on Hindunilvr Maintain Equal-Weight CMP 2610 Target 2230
15.07.2022 - MS on ACC Maintain Underweight CMP 2172.05 Target 2050
15.07.2022 - MS on CANBK Maintain Underweight CMP 214.5 Target 240
15.07.2022 - MS on LTI Maintain Equal-Weight CMP 3972 Target 390
14.07.2022 - MS on Mindtree Maintain Equal - Weight CMP 2788 Target 4450
13.07.2022 - MS on Hcltech Maintain Equal-Weight CMP 926 Target 1300
11.07.2022 - MS on LT Maintain Overweight CMP 1652 Target 1848
11.07.2022 - MS on Tatapower Maintain Underperform CMP 220.9 Target 175
11.07.2022 - MS on TCS Maintain Equal-Weight CMP 3084 Target 3900
08.07.2022 - MS on ITC Maintain Overweight CMP 293.05 Target 293
08.07.2022 - MS on ICICIGI Maintain Buy CMP 1278.4 Target 1500
07.07.2022 - MS on TITAN Maintain Overweight CMP 2129.95 Target 2621
05.07.2022 - MS on Aubank Maintain Overweight CMP 563.45 Target 825
05.07.2022 - MS on M&MFIN Maintain Overweight CMP 178.85 Target 225
04.07.2022 - MS on Reliance Maintain Overweight CMP 2413 Target 3253
04.07.2022 - MS on FEDERALBNK Maintain Overweight CMP 95.1 Target 130
04.07.2022 - MS on Indusindbk Maintain Overweight CMP 832 Target 1300
04.07.2022 - MS on IDFCFIRSTB Maintain Underweight CMP 34.1 Target 33
04.07.2022 - MS on Dmart Maintain Overweight CMP 3501 Target 4332
01.07.2022 - MS on BAJAJELEC Maintain Equal-Weight CMP 1075 Target 1050
28.06.2022 - MS on Sunpharma Maintain Overweight CMP 831.9 Target 1032
28.06.2022 - MS on M&M Maintain Overweight CMP 1110.5 Target 1198
28.06.2022 - MS on Bajaj-Auto Maintain Equal-Weight CMP 3885 Target 4182
27.06.2022 - MS on Sunpharma Maintain Overweight CMP 824.6 Target 1032
27.06.2022 - MS on Tatapower Maintain Underperform CMP 207.75 Target 175
27.06.2022 - MS on SBICARD Maintain Overweight CMP 766 Target 1100
24.06.2022 - MS on DELHIVERY Maintain Equal-Weight CMP 492.7 Target 615
24.06.2022 - MS on NYKAA Maintain Overweight CMP 1431.5 Target 1845
23.06.2022 - MS on GUJGASLTD Maintain Buy CMP 409.6 Target 650
22.06.2022 - MS on DIXON Maintain Underweight CMP 3371 Target 2634
22.06.2022 - MS on Drreddy Maintain Overweight CMP 4261 Target 5099
13.06.2022 - MS on Sunpharma Maintain Overweight CMP 846 Target 1032
10.06.2022 - MS on Bajaj-Auto Maintain Equal-Weight CMP 3878.65 Target 4182
10.06.2022 - MS on Axisbank Maintain Overweight CMP 661.3 Target 910
10.06.2022 - MS on Kotakbank Maintain Equal-weight CMP 1738 Target 1965
03.06.2022 - MS on Ultracemco Maintain Overweight CMP 6008 Target 8800
02.06.2022 - MS on MCX Maintain Underweight CMP 1338.1 Target 1300
31.05.2022 - MS on M&M Maintain Overweight CMP 1032 Target 1198
31.05.2022 - MS on Sunpharma Maintain Overweight CMP 865.15 Target 1002
31.05.2022 - MS on Glenmark Maintain Underperform CMP 393.35 Target 422
31.05.2022 - MS on AARTIIND Maintain Overweight CMP 760 Target 954
30.05.2022 - MS on M&M Maintain Overweight CMP 1000 Target 1145
30.05.2022 - MS on POLICYBZR Maintain Overweight CMP 689 Target 945
30.05.2022 - MS on NYKAA Maintain Overweight CMP 1398 Target 1845
27.05.2022 - MS on BERGEPAINT Maintain Underperform CMP 576.7 Target 546
24.05.2022 - MS on Zomato Maintain Overweight CMP 57 Target 135
23.05.2022 - MS on ZYDUSLIFE Maintain Overweight CMP 357 Target 513
23.05.2022 - MS on IBULHSGFIN Maintain Underperform CMP 120 Target 150
20.05.2022 - MS on Drreddy Maintain Overweight CMP 3929 Target 5202
20.05.2022 - MS on Godrejcp Maintain Underperform CMP 756 Target 700
19.05.2022 - MS on ITC Maintain Overweight CMP 266.80 Target 293(PREVTGT 276)
16.05.2022 - MS on SBIN Maintain Overweight CMP 456 Target 580
16.05.2022 - MS on TECHM Maintain Overweight CMP 1202.85 Target 1650(PREV TGT 1800)
13.05.2022 - MS on ABCAPITAL Maintain Overweight CMP 100 Target 140
13.05.2022 - MS on Tatamotors Maintain Overweight CMP 375 Target 560
12.05.2022 - MS on PNB Maintain Equal - Weight CMP 33 Target 41
12.05.2022 - MS on Hcltech Maintain Equal-Weight CMP 1061 Target 1300
11.05.2022 - MS on Cipla Maintain Overweight CMP 926 1122
11.05.2022 - MS on Asianpaint Maintain Underweight CMP 3086 Target 2620
09.05.2022 - MS on Reliance Maintain Overweight CMP 2621 Target 3253
09.05.2022 - MS On CANBK Maintain Underweight CMP 197.90 Target 240
02.05.2022 - MS on MPHASIS Maintain Overweight CMP 2336 Target 3635
02.05.2022 - MS on Wipro Maintain Overweight CMP 508 Target 640
29.04.2022 - MS on Axisbank Maintain Overweight CMP 780 Target 910
29.04.2022 - MS on SBILIFE Maintain Overweight CMP 1117 Target 1450
28.04.2022 - MS on Hindunilvr Maintain Equal-Weight CMP 2145 Target 2381
28.04.2022 - MS on HDFCAMC Maintain Equal-Weight CMP 1700 Target 2500
28.04.2022 - MS on LODHA Maintain Equal-weight CMP 903.30 Target 1145
27.04.2022 - MS on HDFCLIFE Maintain Overweight CMP 550 Target 675
26.04.2022 - MS on Maruti Maintain Overweight CMP 7908 CMP 9473
20.04.2022 - MS on LTI Maintain Underweight CMP 4809.5 Target 5500
18.04.2022 - MS on Tatapower Maintain Underweight CMP 258 Target 244
12.04.2022 - MS on TCS Maintain Equal-Weight CMP 3696 Target 3900
08.04.2022 - MS on Drreddy Maintain Overweight CMP 4317.40 Target 5202
07.04.2022 - MS on TITAN Maintain Overweight CMP 2540 Target 2700
07.04.2022 - MS on Reliance Maintain Overweight CMP 2619 Target 2926
07.04.2022 - MS on Tatamotors Maintain Overweight CMP 456 Target 561
07.04.2022 - MS on PAYTM Maintain Equal-Weight CMP 637 Target 935
07.04.2022 - MS on RBLBANK Maintain Underweight CMP 139.80 Target 140
04.04.2022 - MS on Hdfcbank Maintain Overweight CMP 1506 Target 1800
31.03.2022 - MS on Axisbank Maintain Overweight CMP 750 Target 930
30.03.2022 - MS on TATACONSUM Maintain Overweight CMP 743 Target 886
28.03.2022 - MS on SBICARD Maintain Overweight CMP 863 Target 1225
28.03.2022 - MS on Reliance Maintain Overweight CMP 2596 Target 2926
21.03.2022 - MS on PETRONET Downgrade Underweight CMP 206 Target 217
16.03.2022 - MS on Indusindbk Maintain Overweight CMP 895 Target 1350
16.03.2022 - MS on Kotakbank Maintain Equal- Weight CMP 1732 Target 2250
14.03.2022 - MS on Jublfood Maintain Downgrade Underweight CMP 2865 Target 2250
14.03.2022 - MS on Hdfcbank Maintain Overweight CMP 1397 Target 2050
11.03.2022 - MS on AUBANK Maintain Overweight CMP 1162 Target 1675
08.03.2022 - MS on SBICARD Maintain Overweight CMP 730 Target 1215
08.03.2022 - MS on Heromotoco Maintain Underweight CMP 2199 Target 1937
08.03.2022 - MS on Asianpaint Maintain Underweight CMP 2727 Target 2548
07.03.2022 - MS on Reliance Maintain Overweight VMP 2326 Target 2926
07.03.2022 - MS On ICICIGI Maintain Overweight CMP 1218 Target 1920
07.03.2022 - MS on Hindunilvr Maintain Equal Weight CMP 1944 Target 2381
04.03.2022 - MS on INDIGO Maintain Overweight CMP 1730 Target 2795
04.03.2022 - MS on Biocon Maintain Overweight CMP 340 Target 465
03.03.2022 - MS on UPL Maintain Overweight CMP 689 Target 951
25.02.2022 - MS on ONGC Maintain Overweight CMP 157 Target 263
25.02.2022 - MS on BHARATFORG Maintain Overweight CMP 668 Target 1051
25.02.2022 - MS on INDIGO Maintain Overweight CMP 1831 Target 2759
24.02.2022 - MS on Mindtree Maintain Equal Weight CMP 3791 Target 5100
18.02.2022 - MS on  NESTLE Maintain Uunderweight CMP 18126 Target 15712
15.02.2022 - MS on METROPOLIS Maintain Overweight CMP 2091 Target 3317 (PREV TGT 3618)
15.02.2022 - MS on Sobha Maintain Overweight CMP 841 Target 1095
15.02.2022 - MS on Powergrid Maintian Overweight CMP 201 Target 239
15.02.2022 - MS on GodrejCons Maintain Underweight CMP 799 Target 829
15.02.2022 - MS on Glenmark Maintain Underweight CMP 478 Target 489 (PREV TGT 554)
15.02.2022 - MS on Indusindbk Maintain Overweight CMP 968.55 Target 1350
11.02.2022 - MS on Zomato Maintain Overweight CMP 94 Target 150
11.02.2022 - MS on M&M Maintain Overweight CMP 853 Target 1117
10.02.2022 - MS on NYKAA Maintain Overweight CMP 1848.90 Target 2040
10.02.2022 - MS on IBULHSGFIN Maintain Underperform CMP 206.90 Target 175
04.02.2022 - MS on TITAN Maintain Overweight CMP 2475 Target 2720(PREVTGT 2501)
04.02.2022 - MS on CADILA Maintain Overweight CMP 407 Target 543
03.02.2022 - MS on Tataconsumer Maintain Overweight CMP 742 Target 886
03.02.2022 - MS on HDFC Maintain Outperform CMP 2612 Target 3340
03.02.2022 - MS on Adaniports Maintain Overweight CMP 745 Target 883
02.02.2022 - MS on ITC Maintain Overweight CMP 231 Target 251
31.01.2022 - MS on Marico Maintain Overweight CMP 471 Target 651(PREVTGT 670)
28.01.2022 - MS on PNB Maintain Equal-Weight CMP 41.15 Target 53
28.01.2022 - MS on Lichsgfin Maintain Underweight CMP 346.70 Target 345
28.01.2022 - MS on Jublfood Maintain Overweight CMP 3399 Target 5000
25.01.2022 - MS on SBICARD Maintain Outperform CMP 817.75 Target 1300
24.01.2022 - MS on Maintain Overweight CMP 2478 Target 2925
21.01.2022 - MS on Mphasis Maintain Overweight CMP 3051 Target 3900
21.01.2022 - MS on PNBHOUSING Maintain Overweight CMP 487 Target 600
21.01.2022 - MS on CYIENT Maintain Underweight CMP 976 Target 900
21.01.2022 - MS on Hindunilvr Maintain Equal Weight CMP 2262 Target 2766
20.01.2022 - MS on ICICIGI Maintain Overweight CMP 1423 Target 1900
20.01.2022 - MS on L&T Maintain Underweight CMP 6697 Target 6600
20.01.2022 - MS on TataConsumer Maintain Overweight CMP 726 Target 886
19.01.2022 - MS on ICICIPRULI Maintain Overweight CMP 608 Target 800
19.01.2022 - MS on BajajFinance Maintain Overweight CMP 7744 Target 9060
18.01.2022 - MS On Chola Fin Maintain Overweight CMP 601 Target 710
17.01.2022 - MS On Hcltech Maintain Buy Equal Weight CMP 1337 Target 1450
14.01.2022 - MS on Mindtree - Maintain Equal-Weight CMP 4760 Target 5100
13.01.2022 - MS on Infy Maintain Overweight Cmp 1875.80 Target 2250(PREVTGT 2110)
13.01.2022 - MS on TCS Maintain Overweight CMP 3857 Target 4400
13.01.2022 - MS on WIPRO Maintain Equal Weight CMP 650.05 Target 775
11.01.2022 - MS on Reliance Maintain Overweight Target 2925
11.01.2022 - MS on PbFintech Maintain Equal Weight CMP 901.40 Target 1160
10.01.2022 - MS on Techm Maintain Overweight  Target 2100
05.01.2022 - MS on AU Small Fin Bk Maintain Overweight CMP 1095 Target 1500
05.01.2022 - MS on HDFCBANK Maintain Overweight Target 2050
05.01.2022 - MS on HDFCBANK Maintain Overweight CMP 1526 Target 2050
05.01.2022 - MS on BajajFin Maintain Overweight CMP 7343 Target Rs.9060
05.01.2022 - MS on BajajFin Maintain Overweight Target Rs.9060
03.01.2022 - MS on Reliance OverWeight , TP Rs 2925
03.01.2022 - MS on Avenue Supermart UnderWeight TP Rs 4338
31.12.2021 - Morgan Stanley on Bajaj Auto OverWeight, TP Rs 4742
29.12.2021 - Morgan Stanley On Macrotech Developers - Maintain Equal Weight - Target Rs.1312
29.12.2021 - Morgan Stanley On SBICARD - Maintain Overweight CMP 912 - Target Rs.1350
29.12.2021 - Morgan Stanley On SBICARD - Maintain Overweight - Target Rs.1350
22.12.2021 - Morgan Stanley On PAYTM - Maintain Overweight - Target Rs.1875
21.12.2021 - Morgan Stanley On Godrej Cons- Maintain Underweight CMP 891 - Target Rs.829
21.12.2021 - Morgan Stanley On Wipro - Maintain Equal Weight CMP 665 - Target Rs.700
21.12.2021 - Morgan Stanley On Reliance - Maintain Overweight CMP 2277 - Target Rs.2925
21.12.2021 - Morgan Stanley On Reliance - Maintain Overweight - Target Rs.2925
20.12.2021 - Morgan Stanley On SBICARD - Maintain Overweight Cmp 901 - Target Rs.1350
20.12.2021 - Morgan Stanley On NYKAA - Maintain Neutral - Target Rs.2183
20.12.2021 - Morgan Stanley On NYKAA - Maintain Equal Weight - Target Rs.2183
20.12.2021 - Morgan Stanley on PB Fintech Maintain Equal Weight - Target Rs.1160
17.12.2021 - MS on INDIABULLS Housing Maintain Underweight - Cmp 253.80 - Target 175
16.12.2021 - MS on Sunpharma - Maintain Overweight Cmp - 777 - Target 895
15.12.2021 - Morgan Stanley on ITC Limited - Maintain Buy - Cmp 228.20 Target 251

MINDTREE

MINDTREE

23.11.2022 - CITI on Mindtree Maintain Sell CMP 3442.7 Target 4510
14.10.2022 - MS on Mindtree Maintain Equal-Weight CMP 3389 Target 3400
14.10.2022 - UBS on Mindtree Maintain Sell CMP 3389 Target 2950
14.10.2022 - Nomura on Mindtree Maintain Neutral CMP 3389 Target 3180
14.07.2022 - MS on Mindtree Maintain Equal - Weight CMP 2788 Target 4450
14.07.2022 - UBS on Mindree Maintain Sell CMP 2788 Target 2700
14.07.2022 - Jefferies on Mindtree Maintain Underperform CMP 2788 Taaret 2490
14.07.2022 - Nomura on Mindtree Maintain Equal-Weight CMP 2788 Target 2910
25.02.2022 - GS on Mindtree Maintain Neutral CMP 3566 Target 3919
24.02.2022 - Nomura on Mindtree Maintain Neutal CMP 3791 Target 4640
24.02.2022 - MS on Mindtree Maintain Equal Weight CMP 3791 Target 5100
24.02.2022 - GS on Mindtree Maintain Neutral CMP 3791 Target 3919
14.01.2022 - MS on Mindtree - Maintain Equal-Weight CMP 4760 Target 5100
14.01.2022 - CITI on Mindtree - Maintain Sell CMP 4760 Target 3650
14.01.2022 - GS on Mindtree - Maintain Sell CMP 4760 Target 4117
14.01.2022 - Nomura on Mindtree - Maintain Neutral CMP 4760 Target 4640(Prev Target 4480)
14.01.2022 - Nomura on Mindtree - Maintain Neutral CMP 4760 Target 4744

CITI ON MINDTREE : 14.07.2021

* MAINTAIN SELL TARGET: 2,215
* Citi maintains Sell call on Mindtree due to rich valuations
* Reported Good Q1, Revenue Ahead, EBITDA In-line & Bookings Healthy
* Cashflow Generation Was Weak In Q1
* Revise Estimates By 2-3% & Raise Multiple To 27x
* Client Concentration & Risk To Margins Are Key
* Valuations Appear Rich at Current Levels

GS ON MINDTREE : 14.07.2021

* MAINTAIN BUY TARGET: 2,863
* GS has a Buy rating on Mindtree with an expectation of 20.5% CC revenue growth in FY22
* Strong $ Revenue Growth Of 7.7% Led By Broad based Growth Across Verticals
• Orderbook Is At The Highest Ever
* Expect 20.5% CC Revenue Growth For Co In FY22

MS ON MINDTREE (CMP: 2,505) : 14.07.2021

* MS has an Overweight rating on Mindtree, but it says high multiples & limited EPS estimate upgrades limit absolute upside
* MAINTAIN OVERWEIGHT TARGET: 2,800
* Revenue Growth & Margin Stronger Than Expected
• Broadening Growth Profile & Improving Revenue Visibility Augur Well
* High Multiples & Limited EPS Estimate Upgrades Limit Absolute Upside

MACQUARIE ON MINDTREE : 27.05.2021

* MAINTAIN NEUTRAL TARGET: 2,000
* Macquarie is NEUTRAL on Mindtree, target at Rs2,000/sh
* Calibrated Approach On Geo Expansion, Vertical Addition Continues
* Mgmt Reiterated Guidance Of Double digit Rev Growth In FY22

MORGAN STANLEY ON MINDTREE : 27.05.2021

* Maintain Overweight, Target at Rs 2300/share
• Broad-basing of growth in medium term
• Building the next-gen delivery model
• Company confident on maintaining 20%+ EBITDA margins in FY22
• Expect Mindtree to be one of strongest growth companies
• Recovery in TTH vertical, continued strong tailwind
• Have assumed F22 margins in line with Q421 margins

MS ON MINDTREE : 27.05.2021

* MAINTAIN OVERWEIGHT TARGET: 2,300
* Morgan Stanley is OVERWEIGHT on Mindtree, target Rs 2,300/sh
• Positive Outlook On Top Client, & Growth Levers From New Verticals
• Co Confident On Maintaining 20%+ Margin Levels In FY22

GS(GoldmanSachs)

GS(GoldmanSachs)

16.01.2023 - GS on L&TFH Maintain Buy  CMP 91.15 Target 108
05.01.2023 - GS on INDIGO Maintain Buy CMP 2100 Target 2180
23.12.2022 - GS on BANDHANBNK Maintain Neutral CMP 239.7 Target 297
13.12.2022 - GS on LT Maintain Buy CMP 2157 Target 2460
30.11.2022 - GS on Gland Maintain Buy CMP 1819.95 Target 2530
18.11.2022 - GS on Sunpharma Maintain Sell CMP 1014.4 Target 830
16.11.2022 - GS on Biocon Maintain Buy CMP 284 Target 350
14.11.2022 - GS on BHEL Maintain Sell CMP 70.9 Target 30
14.11.2022 - GS on M&M Maintain Buy CMP 1280 Target 1640
11.11.2022 - GS on Zomato Maintain Buy CMP 72.65 Target 100
10.11.2022 - GS on PHOENIXLTD Maintain Buy CMP 1515 Target 1550
09.11.2022 - GS on PAYTM Maintain Buy CMP 652 Target 1100
07.11.2022 - GS on SBIN Maintain Buy CMP 613.8 Target 770
07.11.2022 - GS on TITAN Maintain Buy CMP 2735 Target 3175
07.11.2022 - GS on Britannia Maintain Neutral CMP 4125 Target 4000
04.11.2022 - GS on M&M Maintain Buy CMP 1340 Target 1640
01.11.2022 - GS on BHARTIARTL Maintain Buy CMP 835.35 Target 880
31.10.2022 - GS on Maruti Maintain Buy CMP 9535 Target 11250
28.10.2022 - GS on Maruti Maintain Buy CMP 9535 Target 10600
27.10.2022 - GS on Dabur Maintain Buy CMP 551 Target 680
18.10.2022 - GS on ACC Maintain Neutral CMP 2260 Target 2375
18.10.2022 - GS on PVR Maintain Buy CMP 1692 Target 2350
07.10.2022 - GS on Maruti Maintain Buy CMP 8750 Target 10500
04.10.2022 - GS on INDIGO Maintain Buy CMP 1849 Target 2219
04.10.2022 - GS on DELHIVERY Maintain Sell CMP 595.2 Target 480
29.09.2022 - GS on BLUEDART Maintain Buy CMP 8704 Target 9470
22.09.2022 - GS on KPITTECH Maintain Buy CMP 665.75 Target 900
20.09.2022 - GS on Marico Maintain Buy CMP 529.5 Target 620
14.09.2022 - GS on WIPRO Maintain Buy CMP 417 Target 381
14.09.2022 - GS on TECHM Maintain Sell CMP 1112 Target 868
14.09.2022 - GS on TCS Maintain Sell CMP 3125 Target 2611
14.09.2022 - GS on INFY Maintain Sell CMP 1475 Target 1244
13.09.2022 - GS on EMAMILTD Maintain Buy CMP 583 Target 565
24.08.2022 - GS on AFFLE Maintain Buy CMP 1327.55 Target 495
23.08.2022 - GS on Gland Maintain Buy CMP 2350 Target 2830
17.08.2022 - GS on Axisbank Maintain Buy CMP 771.4 Target 916
16.08.2022 - GS on Divislab Maintain Buy CMP 3744 Target 4550
16.08.2022 - GS on Heromotoco Maintain Sell CMP 2818 Target 2150
16.08.2022 - GS on Apollohosp Maintain Buy CMP 4343.05 Target 4900
08.08.2022 - GS on PAYTM Maintain Buy CMP 835 Target 1100
01.08.2022 - GS on TORNTPHARM Maintain Buy CMP 1524.95 Target 1800
01.08.2022 - GS on Sunpharma Maintain Sell CMP 916.25 Target 720
01.08.2022 - GS on Cipla Maintain Sell CMP 1005 Target 850
29.07.2022 - GS on Drreddy Maintain Neutral CMP 4091 Target 4380
29.07.2022 - GS on SBILFE Maintain Buy CMP 1294 Target 1400
26.07.2022 - GS on TECHM Maintain Neutral CMP 999.65 Target 979
25.07.2022 - Gs on Ultracemco Maintain Buy CMP 6390 Target 7040
22.07.2022 - GS on PVR Maintain Buy CMP 1938 Target 2400
15.07.2022 - GS on ACC Maintain Neutral CMP 2172.05 Target 2100
13.07.2022 - GS on Hcltech Maintain Neutral CMP 926 Target 976
11.07.2022 - GS on TCS Maintain Buy CMP 3084.5 Target 3678
04.07.2022 - GS on ONGC Maintain Buy CMP 126.15 Target 210
04.07.2022 - GS on Reliance Maintain Buy CMP 2413 Target 3240
04.07.2022 - GS on DELHIVERY Maintain Neutral CMP 507.30 Target 540
28.06.2022 - GS on Bajaj-Auto Maintain Buy CMP 3885 Target 4250
23.06.2022 - GS on Ultracemco Maintain Buy CMP 5414.95 Target 6600
22.06.2022 - GS on LICI Maintain Neutral CMP 667.3 Target 700
03.06.2022 - GS on Ultracemco Maintain Buy CMP 6008 Target 7070
01.06.2022 - GS on Auropharma Maintain Buy CMP 534.2 Target 720
31.05.2022 - GS on DIXON Maintain Neutral CMP 3846.6 Target 3360
30.05.2022 - GS on NYKAA Maintain Buy CMP 1398 Target 1730
24.05.2022 - GS on Divislab Maintain Buy CMP 3898 Target 4850
23.05.2022 - GS on SHREECEM Maintain Neutral CMP 21110.5 Target 22600
23.05.2022 - GS on PAYTM Maintain Buy CMP 576 Target 1070
11.05.2022 - GS on Cipla Maintain SELL CMP 926 Target 850
09.05.2022 - GS on Reliance Maintain Buy CMP 2621 Target 3200
29.04.2022 - GS on Axisbank Maintain Buy CMP 780 Target 883
29.04.2022 - GS on SBILIFE Maintain Buy CMP 1117 Target 1370
29.04.2022 - GS on AMBUJACEM Maintain Buy CMP 383 Target 390
25.04.2022 - GS on ICICIBANK Maintain Buy CMP 747.65 Target 938
20.04.2022 - GS on LTI Maintain Sell CMP 5472.35 Target 4570
11.04.2022 - GS on Reliance Maintain Buy CMP 2540.2 Target 3200
04.04.2022 - GS on KPITTECH Maintain Buy CMP 608.25 Target 840
22.03.2022 - GS on ONGC Maintain Buy CMP 175.50 Target 270
11.03.2022 - GS on SYMPHONY Maintain Buy CMP 1058 Target 1400
25.02.2022 - GS on Mindtree Maintain Neutral CMP 3566 Target 3919
24.02.2022 - GS on Mindtree Maintain Neutral CMP 3791 Target 3919
21.02.2022 - GS on Paytm Maintain Buy CMP 833 Target 1460
14.02.2022 - GS on Divislab Maintain Buy CMP 4291 Target 5505
14.02.2022 - GS on Apollohosp Maintain Buy CMP 4515 Target 4970
10.02.2022 - GS on NYKAA Maintain Buy CMP 1848.90 Target 2420
10.02.2022 - GS on ACC Maintain Neutral CMP 2320 Target 2400
09.02.2022 - Gs on BHARTIARTL Maintain Buy CMP 706.95 Target 8850
09.02.2022 - GS on IGL Maintain Sell CMP 393 Target 380
07.02.2022 - GS on INDIGO Maintain Neutral CMP 2161 Target 2150
07.02.2022 - GS on Paytm Maintain Buy CMP 955 Target 1460
31.01.2022 - GS on Indusindbk Maintain Buy CMP 903 Target 1405
27.01.2022 - Gs on Maruti Maintain Outperform CMP 8603 Target 10100
18.01.2022 - GS on Maruti Maintain Buy CMP 8266 Target 9100
18.01.2022 - GS on Ultratech Maintain Buy CMP 7870 Target 9000
14.01.2022 - GS on Mindtree - Maintain Sell CMP 4760 Target 4117
13.01.2022 - GS on Infy Maintain Buy  CMP 1875.80 Target 2415
13.01.2022 - GS on TCS Maintain Buy CMP 3857 Target 4747
05.01.2022  - GS Bandhan BK Maintain Buy CMP 254  Target 440
05.01.2022  - GS Bandhan BK Maintain Buy Target 440
03.01.2022 - GS on Maruti Buy, TP Rs 9000
22.12.2021 - GS On PAYTM - Maintain Netural CMP 1311 - Target Rs.1875

TATAMOTORS

TATAMOTORS(Tata Motors Limited)

10.01.2023 - MS on Tatamotors Maintain Overweight CMP 412.2 Target 502
10.01.2023 - JpMorgan on Tatamotors Maintain Neutral CMP 412.2 Target 400
10.01.2023 - CLSA on Tatamotors Maintain Buy CMP 412.2 Target 512
24.11.2022 - JpMorgan on Tatamotors Maintain Neutral CMP 423.9 Target 410
17.11.2022 - MS on Tatamotots Maintain Overweight CMP 422 Target 502
10.11.2022 - JpMorgan on Tatamotors Maintain Neutral CMP 413.2 Target 455
14.10.2022 - CLSA on Tatamotors Maintain Outperform CMP 396.25 Target 473
12.10.2022 - Nomura on Tatamotors Maintain Buy CMP 399 Target 520
10.10.2022 - JpMorgan on Tatamotors Maintain Neutral CMP 396.55 Target 455
29.09.2022 - Nomura on Tatamotors Maintain Buy CMP 404 Target 520
29.09.2022 - Jefferies on Tatamotors Maintain Buy CMP 404 Target 540
16.09.2022 - CS on Tatamotors Maintain Neutral CMP 433 Target 425
08.07.2022 - JpMorgan on Tatamotors Maintain Overweight CMP 440.5 Target 525
27.06.2022 - CLSA on Tatamotors Maintain Outperform CMP 409.30 Target 453
22.06.2022 - CLSA on Tatamotors Maintain Outperform CMP 397.6 Target 453
16.05.2022 - Jefferies on Tatamotors Maintain Buy CMP 406.90 Target 540
13.05.2022 - MS on Tatamotors Maintain Overweight CMP 375 Target 560
13.05.2022 - JpMorgan on Tatamotors Maintain Overweight CMP 375 Target 525
13.05.2022 - CLSA on Tatamotors Maintain Underperform from Sell CMP 375 Target 411(PREV TGT 392)
07.04.2022 - CLSA on Tatamotors Maintain Sell CMP 456 Target 392
07.04.2022 - MS on Tatamotors Maintain Overweight CMP 456 Target 561
24.03.2022 - CLSA on Tatamotors Maintain Sell CMP 436 Target 392
24.02.2022 - CLSA on Tatamotors Maintain Sell CMP 425.90 Target 408
17.02.2022 - JpMorgan on Tatamotors Maintain Buy Overweight CMP 498 Target 630
20.01.2022 - Macquarie on Tatamotors Maintain Buy CMP 521 Target 567
20.01.2022 - CLSA on Tatamotors Maintain Sell CMP 521 Target 408
20.01.2022 - Jefferies on Tatamotors Maintain Buy CMP 521 Target 625
13.01.2022 - CLSA On Tatamotors Maintain Sell CMP 512.55 Target 408
13.01.2022 - BOFA on Tatamotors Maintain Neutral CMP 650.05 Target 525
04.01.2022 - CLSA On Tatamotors Maintain Downgrade Sell from Buy Target 408
04.01.2022 - CLSA on Tatamotors Maintain Downgrade Sell Target 408
27.07.2021-  JEFFERIES ON TATA MOTORS MAINTAIN BUY TARGET: 435
27.07.2021-  UBS ON TATA MOTORS  Maintain Neutral, Target at Rs 320 from Rs 350/share
09.07.2021- MS ON TATA MOTORS : MAINTAINEQUAL-WEIGHT TARGET: 298
09.07.2021 -HSBC ON TATA MOTORS : Maintain BUY, Target at Rs 340/share
08.07.2021-  NOMURA ON TATA MOTORS  MAINTAIN NEUTRAL TARGET: 353
08.07.2021- JEFFERIES ON TATA MOTORS MAINTAIN BUY TARGET: 435
07.07.2021 - NOMURA ON TATA MOTORS MAINTAIN NEUTRAL TARGET: 353
07.07.2021- MS on Tata Motors EW, TP Rs 300
01.07.2021 Jefferies Maintain Buy, Target At Rs 455/Share

UBS ON TATA MOTORS : 19.05.2021

* MAINTAIN NEUTRAL TARGET: 360
* Positive on India, but JLR volume expectations are high, chip shortage is likely to impact JLR volume in H1, UBS says in its report
* Positive On India, But JLR Volume Expectations Are High
* Chip Shortage Is Likely To Impact JLR Volumes In H1
* Inventories Are Low & We Are Constructive On India Truck Recovery
* Profitability Improvement For JLR Is Priced In

CLSA ON TATA MOTORS : 19.05.2021

* Maintain BUY, Upgrade target at Rs 450/share from Rs 425/share
* FCF generation at JLR and India continue to surprise positively
* Management expects a tough 1HFY22 for JLR and India
* Value the India business at Rs 243/share and JLR at Rs 209/share

GS ON TATA MOTORS : 19.05.2021

* MAINTAIN SELL TARGET: 254
* Q4 results a mixed bag with a beat on India business & a miss at JLR, GS says.
* Q4 Results A Mixed Bag With A Beat On India Biz & A Miss At JLR
* LR EBITDA Supported By Lower Incentives & Mktg Costs; Both To Increase InFY22
* JLR's Results Lagged Performance & Outlook Of Its Larger Peers BMW & Daimler

CITI ON TATA MOTORS : 19.05.2021

* MAINTAIN BUY TARGET: 395
* Domestic business reported a strong Q4 but JLR performance slightly weak, Citi says
* Domestic Business Reported A Strong Q4 But JLR Performance Slightly Weak
* There Are Near-term Headwinds For Both Biz
* Underlying Growth Drivers Are Intact & Recovery Is Seen Over H2FY22

KOTAK INSTL ON TATA MOTORS : 19.05.2021

* MAINTAIN SELL TARGET: 205
* Being late in EV launches may lead to a mkt loss for JLR going forward, Kotak Institutional Equities maintains SELL on Tata Motors
* Strong Operational Performance In Standalone Business
* JLR Operating Performance Below Due To Lower-than expected ASPS
* JLR Launches In The EV Space Pretty Late Than Competition
* JLR Trading At Significantly Higher Multiple As Compared To BMW

CLSA ON TATA MOTORS

* MAINTAIN BUY TARGET: 450
* Tata Motors management expects strong volume & free-cash-flow to resume in H2FY22. Here's what CLSA has to say
* FCF Generation At JLR & India Continues To Surprise Positively
*  FY21 FCF At *5,300 Cr Despite COVID-related Disruptions
* Management Expects Strong Volume & FCF To Resume In H2FY22

NOMURA ON TATA MOTORS

* MAINTAIN REDUCE TARGET: 313
* Debt reduction is a positive for Tata Motors but lack of electric vehicles is a long-term concern for JLR, Nomura says, maintaining REDUCE rating on the stoc
* Q4 Ahead On Lower Marketing Spends For JLR
* Lower Marketing Spending Seen In Near Term
* Debt Reduction Positives; Lack Of EVs A Long-term Concern For JLR

UBS ON TATA MOTORS

* Maintain Neutral, Target at Rs 360/share
* Positive on India, but JLR volume expectations high
* JLR-FY22 volumes to grow 20%+; but Q1 to be EBIT breakeven
* Continue to value the India business at 10x FY23E

CLSA ON TATA MOTORS ; 27.05.2021

* MAINTAIN BUY TARGET: 450
* CLSA notes that JLR is beginning to outperform its peer, estimates JLR's overall April retail sales grew 150% YoY & 7% Vs April 2019.
* CLSA maintains BUY call on Tata Motors, target at Rs 450/sh
* JLR Beginning To Outperform Peers
* Non-China Markets Leading GrowthOn A Lockdown-impacted Base
* estimate JLR's Overall April Retail Sales Grew 150% YoY & 7% Vs Apr 2019
* Our Calculation Is Based On A Collation of Country-level Disclosures
* China Growth Remained Healthy At 26% YoY (Up 20% vs April 2019)
* Positive View On Co Premised On Strong FCF Generation & deleveraging

CLSA ON TATA MOTORS : 27.05.2021

• Maintain BUY, Target at Rs 450/share
• JLR beginning to outperform peers
• Non-China markets leading growth on a lockdown-impacted base
• JLR outperforms peers in China and EU; underperformance in US
* Strong growth in plug-in hybrids should reduce "perception" risk for JLR
* Expect a tough 1HFY22; FCF & deleveraging should continue in H2FY22