UBS Upgrades Chola Investment to 'Buy'

UBS has upgraded Chola Investment to 'buy', raising the target price to Rs 1,950. Analysts highlight the company as the best mix of growth and return on equity (RoE), with potential to grow its assets under management by 25% annually. Credit costs are believed to have peaked in FY25, with return on assets (RoA) expected to improve to 2.5% by FY27.

JP Morgan Bullish on HCL Tech

JP Morgan upgrades HCL Tech to 'overweight', setting a target price of Rs 1,750. The Jan-March performance aligns with FY26 guidance, unaffected by post-tariff macro factors. HCL Tech's services have consistently matched or outperformed peers for three consecutive years, offering value with a 4% dividend yield and 6% free cash flow yield.

Nomura Recommends 'Buy' for Havells India

Nomura maintains a 'buy' rating on Havells India, with a target price of Rs 1,873. January-March margins exceeded expectations, supported by demand in cables & wires and Lloyd. Operating leverage is expected to further enhance margins, with healthy demand anticipated in the cables sector.

Morgan Stanley's 'Outperform' for AU Small Finance Bank

Morgan Stanley rates AU Small Finance Bank as 'outperform', targeting Rs 750. The bank achieved a 1.5% RoA, outperforming peers despite challenging conditions. Prospects look bright with the rate cycle turning and improvements in MFI asset quality expected over the next two years.

HSBC's 'Buy' on Mahindra & Mahindra

HSBC assigns a 'buy' rating to Mahindra & Mahindra, with a target price of Rs 3,320. FY26 earnings growth may lead the auto sector, with EV demand's pick-up being a crucial catalyst. Valuations are appealing, considering strong positions in tractors, LCVs, and SUVs.

Disclaimer: The opinions and recommendations are from brokerage analyses and not reflective of The Times of India's views. Consult a qualified advisor before making investment decisions.