Whalesbook
Leading brokerage firms Jefferies, Morgan Stanley, UBS, Macquarie, and ICICI Securities have issued new ratings and target prices for major Indian stocks. Jefferies rated Adani Enterprises 'Buy' with a target of Rs 2,940, citing approval for the Jaypee Associates acquisition. Morgan Stanley maintained an 'Overweight' rating on HDFC Bank (target Rs 1,225), expecting NIM improvement. UBS is 'Buy' on Reliance Industries (target Rs 1,820) due to refining strength. Macquarie upgraded Hero Motocorp to 'Outperform' (target Rs 6,793), noting EV traction and market share stability. ICICI Securities holds NSDL with a target of Rs 1,170, seeing it as a steady capital market play.