Fund Houses – Key Recommendations

JP Morgan – Aegis Logistics: Maintain Buy, Target: Rs 895/sh

UBS – APL Apollo: Maintain Buy, Target: Rs 2000/sh

Nomura – HAL: Maintain Buy, Target: Rs 6100/sh
MOSL – HAL: Maintain Buy, Target: Rs 5800/sh

Nomura – Titan: Initiate Buy, Target: Rs 4275/sh

Nuvama – Capri Global: Maintain Reduce, Target: Rs 220/sh

Citi – Nuvama: Maintain Buy, Target: Rs 10,000/sh
Citi – ICICI Bank: Maintain Buy, Target: Rs 1700/sh

Nomura – Accenture Earnings: GenAI bookings for India IT companies rose from $3 bn in FY24 to $5.9 bn in FY25

Incred – Accenture Earnings: Nothing negative observed in Accenture print

GS – Accenture Earnings: Improved booking momentum; Generative AI not deflationary

Macquarie – Accenture Earnings: TCS is a marquee Buy idea; best earnings from Financial Services

Citi – Accenture Earnings: FY26E expected to be third consecutive low-growth year for Indian IT

Jefferies – Accenture Earnings: Maintain selective stance; muted guidance could weigh on IT

CLSA – India Strategy: Nifty outlook unchanged; price consolidating above suppo