We have collated a list of recommendations from top brokerage firms from ETNow and other sources:
UBS on IT sector: Infosys, Wipro, TCS and HCL Technologies
UBS upgraded Infosys to buy from neutral earlier and has also raised the target price to Rs 1,800 from Rs 1,450 earlier.
The global investment bank downgraded Wipro to sell from neutral earlier but raised the target to Rs 435 from Rs 430 earlier.
TCS has a neutral rating, but UBS raised the target price to Rs 4,050 from Rs 3,700 earlier. HCL Technologies has a neutral rating, but the target price was raised to Rs 1,540 from Rs 1,350 earlier.
UBS maintained a sell rating on Tech Mahindra but raised the target price to Rs 1,130 from Rs 1,000 earlier.
JPMorgan in the Indian IT sector: TCS, Infosys, HCL Technologies, L&T Technologies
JPMorgan upgraded TCS to neutral from underweight earlier and raised the target price to Rs 3700 from Rs 2900 earlier.
The global investment bank upgraded Infosys to overweight from neutral earlier and raised the target price to Rs 1800 from Rs 1400 earlier.
JPMorgan upgraded HCL Technologies and Persistent Systems to a neutral rating from underweight earlier with a target price of Rs 1520 and Rs 7000 respectively.
L&T Technologies was also upgraded to overweight from underweight stance earlier and the target price was raised to Rs 5800 from Rs 3200 earlier.
Mphasis was upgraded to neutral from underweight earlier and the target price was raised to Rs 2700 from Rs 1700 earlier.
JPMorgan maintained an underweight rating on Wipro, Tech Mahindra and LTIMindTree and raised the target price to Rs 420, Rs 1150, and Rs 5500 respectively.
JPMorgan on Tata Motors: Overweight| Target Rs 925
JPMorgan upgraded Tata Motors to overweight from neutral earlier and raised the target price to Rs 925 from Rs 680 earlier.
The global investment bank expects better margins and FCF delivery at JLR. It sees a strengthening margin at JLR as global luxury OEMs prioritise profitability over volumes.
The company has a resilient market share in India PVs despite competitor launches. Deleveraging of the balance sheet should reduce EPS volatility and lead to potential re-rating.
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(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)