Fund Houses – Latest Recommendations

Bajaj Finance (Jefferies): Maintain Buy, Target Price ₹1,100/share — Positive

TRENT (HSBC): Maintain Buy, Target Price ₹6,500/share — Positive

Cohance (Jefferies): Initiate Buy, Target Price ₹1,150/share — Positive

Divi’s Laboratories (Jefferies): Upgrade to Buy, Target Price ₹7,150/share — Positive

Sai Life (Jefferies): Maintain Buy, Target Price ₹1,100/share — Positive

Infosys (Investec): Upgrade to Buy, Target Price ₹1,655/share — Positive

IT Sector (Investec): Risk-reward profile improved; Tier-1s (TechM, Infosys, TCS) expected to deliver 10–15%+ 1-year returns. Preferred Tier-2 picks: Mphasis, Zensar, KPIT — Positive

IT Sector (Citi): FY26E likely to be the third consecutive slow-growth year for Indian IT coverage — Neutral

TVS Motors (Goldman Sachs): Maintain Neutral, Target Price ₹3,430/share — Neutral

Reliance Industries (Kotak): Maintain Buy, Target Price ₹1,555/share — Neutral

ITC Hotels (JM Financial): Maintain Sell, Target Price ₹215/share — Neutral