BROKERS CHOICE: LTIM, MPHASIS, BOB, BAJAJFINANCE, SBICARDS, GODREJCP, RELIANCE, MARICO

AHMEDABAD, 6 JANUARY:

Jefferies on *LTIM:* Upgrade to Buy on Company, raise target price at Rs 6650/Sh (Positive)

Jefferies on *MPhasis:* Initiate Buy on Company, target price at Rs 3460/Sh (Positive)

Nomura on *Bajaj Finance:* Upgrade to Buy on Company, target price at Rs 8560/Sh (Positive)

BofA on *Bajaj Finance:* Maintain Buy on Company, target price at Rs 8800/Sh (Positive)

MS on *Bajaj Finance:* Maintain Overweight on Company, target price at Rs 7300/Sh (Positive)

Axis on *Bajaj Finance:* Maintain Buy on Company, target price at Rs 8100/Sh (Positive)

Nuvama on *SBI Cards:* Upgrade to Buy on Company, raise target price at Rs 850/Sh (Positive)

GS on *Godrej CP:* Maintain Buy on Company, target price at Rs 1370/Sh (Positive)

CLSA on *Reliance Ind:* Maintain Outperform on Company, target price at Rs 1650/Sh (Positive)

Emkay on *Metro Brands:* Maintain Buy on Company, target price at Rs 1500/Sh (Positive)

Citi on *Bank Baroda:* Maintain Buy on Bank, target price at Rs 300/Sh (Positive)

Citi on *Marico:* Maintain Buy on Company, target price at Rs 750/Sh (Positive)

Citi on *RBL Bank:* Maintain Buy on Bank, target price at Rs 205/Sh (Positive)

Morgan Stanley on Realty: Strong sales momentum expected for *DLF* (+60% FY25 YoY growth). (Positive)

Morgan Stanley on *India Equity Outlook:* India likely to be among the best-performing EMs in 2025! Strong earnings, macro stability, and domestic flows stand out. (Positive)

CLSA on *India Strategy:* Add *Tata Motors, NTPC, Nestle and Britannia* to India-Focus portfolio. Remove HDFC Bank (Positive)

Bernstein on *HDFC Bank:* Maintain Outperform on Bank, target price at Rs 2300/Sh (Neutral)

Jefferies on *HDFC Bank:* Maintain Neutral on Bank, target price at Rs 1780/Sh (Neutral)

MS on *HDFC Bank:* Maintain Overweight on Bank, target price at Rs 1975/Sh (Positive)

Jefferies on *Tata Steel:* Maintain Buy on Company, cut target price at Rs 165/Sh (Neutral)

Jefferies on *JSW Steel:* Maintain Buy on Company, cut target price at Rs 850/Sh (Neutral)

Jefferies on *Coal India:* Maintain Buy on Company, cut target price at Rs 475/Sh (Neutral)

Nomura on *Kotak Bank:* Maintain Buy on Bank, target price at Rs 2170/Sh (Neutral)

Nomura on *AU Bank:* Maintain Neutral on Bank, target price at Rs 670/Sh (Neutral)

Citi on *AU Bank:* Maintain Neutral on Bank, target price at Rs 625/Sh (Neutral)

Jefferies on *Bandhan Bank:* Maintain Buy on Bank, target price at Rs 210/Sh (Neutral)

Citi on *Dabur:* Maintain Sell on Company, target price at Rs 510/Sh (Neutral)

CLSA on *Dabur:* Maintain Hold on Company, target price at Rs 582/Sh (Neutral)

Macquarie on *Dabur:* Maintain Neutral on Company, target price at Rs 560/Sh (Neutral)

MS on *Dabur:* Maintain Equal weight on Company, target price at Rs 531/Sh (Neutral)

MS on *M&M Fin:* Maintain Equal weight on Company, target price at Rs 285/Sh (Neutral)

MS on *Bank Baroda:* Maintain Equal weight on Bank, target price at Rs 270/Sh (Neutral)

MS on *L&T Fin:* Maintain Underweight on Bank, cut target price at Rs 112/Sh (Neutral)

CLSA on *Bandhan Bank:* Maintain Overweight on Bank, cut target price at Rs 220/Sh (Neutral)

Jefferies on *Indusind Bank:* Maintain Buy on Bank, target price at Rs 1200/Sh (Neutral)

Citi on *Indusind Bank:* Maintain Buy on Bank, target price at Rs 1378/Sh (Neutral)

Nomura on *Yes Bank:* Maintain Neutral on Bank, target price at Rs 17/Sh (Neutral)

MS on *Marico:* Maintain Equal weight on Company, target price at Rs 625/Sh (Neutral)

CLSA on *Marico:* Maintain Underperform on Company, target price at Rs 482/Sh (Neutral)

Macquarie on *Marico:* Maintain Outperform on Company, target price at Rs 570/Sh (Neutral)

Morgan Stanley on *Paints:* Weakness in demand continues despite festivities; competitive intensity remains high. (Neutral)

(Disclaimer: The information provided here is investment advice only. Investing in the markets is subject to risks and please consult your advisor before investing.)

(સ્પષ્ટતા: અત્રેથી આપવામાં આવતી તમામ પ્રકારની માહિતી કોઇપણ પ્રકારે રોકાણ/ ટ્રેડીંગ માટેની સલાહ નથી. બજારોમાં રોકાણ જોખમોને આધીન છે અને રોકાણ કરતા પહેલા કૃપા કરીને તમારા સલાહકારની સલાહ લો.)