Fund House stock recommendations

Technology & IT
Mphasis: Morgan Stanley upgraded to Overweight, raising its target price to ₹3,500/share, citing strong deal momentum in Q1 and sustainable growth potential.

Business Upturn Retail
V-Mart Retail: Motilal Oswal upgraded the stock to Buy, increasing its target price to ₹1,035/share (up from previous levels), highlighting strong profitability recovery post-Q1 and attractive valuations after recent correction.

Auto
Mahindra & Mahindra (M&M): Citi Research maintained a Buy rating and lifted its target price to ₹3,810/share, referencing strong SUV booking momentum and outlook across segments.
Moneycontrol

Pharma & Healthcare
Cipla: Nomura reaffirmed a Buy rating and raised its target price to ₹1,810/share, based on improving domestic trends and upcoming U.S. regulatory triggers (e.g., ANDA approvals).