Brokerage firms and fund houses have released fresh research notes for key companies across sectors. Here’s a look at the latest institutional recommendations and target price revisions:
Positive views
Schloss Bangalore (The Leela):
- Morgan Stanley maintained an Overweight rating with a target price of Rs 562 per share.
- Elara Capital reiterated a Buy call and raised its target price to Rs 569 per share.
ICICI Lombard:
- Elara Capital upgraded the stock to Buy, increasing the target price to Rs 2,250.
- Nuvama Institutional Equities maintained a Buy rating and lifted its target price to Rs 2,340.
- HSBC also kept a Buy stance, revising its target price to Rs 2,250.
Persistent Systems:
- Nuvama maintained a Buy rating, hiking the target price to Rs 7,000.
- HSBC retained a Hold rating but raised its target price to Rs 6,000.
LG Electronics India:
- Nomura initiated coverage with a Buy rating and a target price of Rs 1,800, highlighting its strong market debut and growth potential.
RBL Bank:
- Citi reaffirmed a Buy rating with a target price of Rs 300, citing improving credit metrics.
Tech Mahindra:
- Nomura maintained a Buy rating with a target price of Rs 1,670, while HSBC and Nuvama stayed cautious.
Neutral to cautious outlook
Tech Mahindra:
- Goldman Sachs held a Neutral view, revising the target price to Rs 1,410.
- Emkay Global kept a Reduce rating, trimming its target price to Rs 1,450.
- Morgan Stanley maintained an Underweight rating with a target price of Rs 1,555.
- Nuvama continued with a Reduce stance, adjusting its target price to Rs 1,350.
Tata Consultancy Services (TCS):
- Jefferies retained a Hold rating with a target price of Rs 3,100, citing stable growth expectations.
ICICI Prudential Life Insurance:
- Goldman Sachs and Elara Capital maintained Neutral ratings with target prices of Rs 650 and Rs 690, respectively.
- Nuvama stayed positive with a Buy rating and a target price of Rs 770.
Mahindra & Mahindra Financial Services:
- Morgan Stanley kept an Equal Weight rating, setting the target price at Rs 605.
RBL Bank:
- CLSA retained a Hold view with a target price of Rs 260 per share.
ICICI Lombard:
- Goldman Sachs maintained a Neutral call and raised its target price to Rs 1,975.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions.
