Prestige Estates Projects: Morgan Stanley maintains an Overweight on Prestige Estates Projects with a Target Price of ₹1,920, citing manageable concerns over higher leverage (65% net debt/equity), ₹72 billion pending IP capex over 3–4 years, limited exposure to NRI/Middle East demand, minimal macro slowdown impact, and strong IP NOI growth potential from ₹9 billion in FY26 to ₹45 billion by FY30.

Phoenix Mills: Morgan Stanley maintains an Overweight on The Phoenix Mills with a Target Price of ₹2,000, citing strong April–May consumption growth (+31% YoY) with no demand slowdown, FY27 rental growth driven by 90%+ mall occupancy and 2 msf office completions, mid-teen retail rental growth, and a healthy balance sheet with net debt/EBITDA capped at 2x.

InterGlobe Aviation: Goldman Sachs maintains a Buy on InterGlobe Aviation with a Target Price of ₹5,200, citing the government’s ₹10,000 crore ATF price stabilisation support for airlines over 36 months as a positive sector catalyst that should reduce fuel price volatility and support profitability.

Kotak Mahindra Bank: CLSA maintains an Outperform on Kotak Mahindra Bank with a Target Price of ₹440, citing a shift from product-level to customer-level profitability focus, emphasis on scaling without sacrificing profitability, technology-led cost reduction, and management’s commitment to preserving ROA despite excess capital.

Siemens Energy: Citi initiates a Neutral on Siemens Energy India with a Target Price of ₹4,000, citing power grids as a critical energy-transition bottleneck, a projected US$15 trillion global T&D capex opportunity through 2050, and India’s strong positioning via transmission buildout, accelerating HVDC adoption, localization benefits, and export growth opportunities.

CG Power and Industrial: Citi initiates a Buy on CG Power and Industrial Solutions with a Target Price of ₹1,100, citing power grids as a key energy-transition bottleneck, a projected US$15 trillion global T&D capex opportunity through 2050, and India’s strong positioning through transmission expansion, accelerating HVDC adoption, localization benefits, and growing export opportunities.

GE Vernova T&D: Citi initiates a Buy on GE Vernova T&D India with a Target Price of ₹6,200, citing power grids as a key energy-transition bottleneck, a projected US$15 trillion global T&D capex opportunity through 2050, and India’s strong positioning via large transmission buildout, accelerating HVDC adoption, localization benefits, and export growth potential.

Hitachi Energy: Citi initiates a Buy on Hitachi Energy India with a Target Price of ₹46,700, citing power grids as a critical energy-transition bottleneck, a projected US$15 trillion global T&D capex opportunity through 2050, and India’s strong positioning via domestic transmission expansion, accelerating HVDC adoption, localization benefits, and export growth potential.

Poonawalla Fincorp: Jefferies initiates coverage on Poonawalla Fincorp with a Buy and Target Price of ₹490, citing benefits from a new leadership team, product expansion, network build-out and stronger underwriting, with expectations of 33% AUM CAGR, improved NIMs, lower credit costs, sharp earnings growth, and ROA/ROE expanding to 16% by FY29 from 6% in FY26.

Dalmia Bharat: CLSA maintains an Outperform on Dalmia Bharat with a Target Price of ₹2,100, citing resilient medium-term growth from organic and inorganic expansion, strong ramp-up potential of acquired JPA assets (60%+ utilisation by FY28 and ₹1,000/t EBITDA by FY29), manageable leverage below 1.4x without equity raising, despite near-term industry weakness from soft rural demand and margin pressure.

Kotak Mahindra Bank: UBS maintains a Buy on Kotak Mahindra Bank with a Target Price of ₹500, citing focus on low-cost liabilities, retail loans and technology-led cost optimisation, growth supported by digital and branch expansion, loan growth targeted at 1.5–2x nominal GDP with inorganic opportunities, emphasis on retail/MSME segments, and an ambition to become India’s third-largest bank by group profit by 2030.

Kotak Mahindra Bank: CLSA maintains an Outperform on Kotak Mahindra Bank with a Target Price of ₹440, citing its focus on affluent, middle-class, SME and corporate segments, shift to customer-level profitability, strong technology and digital (811) initiatives alongside branch expansion, disciplined RoA-focused growth strategy, and loan growth guidance of 1.5–2x nominal GDP.

LTM: CLSA maintains an Outperform on LTM with a Target Price of ₹5,755, citing its AI-led strategy to double revenue over five years (14.5% organic CAGR plus 15–17% inorganic contribution), 200bps EBIT margin expansion to 17–18% by FY31, and a projected expansion in global IT services TAM from US$1.3tn to US$2.3tn driven by AI transformation demand.

Bhagiradha Chemicals: Company Provides ₹30 Crore Guarantee for Subsidiary Bheema Fine Chemicals.

HFCL: Will Move Thermal Weapon Sight Business To HFCL Advance Systems For ₹50 Crore In A Quick Sale

HFCL: Plans To Invest ₹89.25 Crore In Its Subsidiary HFCL Advance Systems By Buying Shares In Two Parts, And Will Sell An 80% Stake In Raddef Private Limited To HFCL Advance Systems For ₹75 Crore.

BHEL: Company Signs ₹2,000–2,500 Crore Deal With Dangote Petroleum Refinery, Nigeria For 8 Gas Turbine Generator Packages.