UBS upgraded Chola Investment citing growth and RoE, while JP Morgan upgraded HCL Tech highlighting its consistent performance and attractive valuation. Nomura maintains a ‘buy’ rating on Havells India, anticipating margin expansion driven by demand tailwinds. Morgan Stanley is optimistic about AU Small Finance Bank’s RoA improvement, and HSBC recommends Mahindra & Mahindra due to its strong market position.
Source: The Times of India/ToI