Fund Houses Update - 28 August 2025

Dear Trader...

Fund Houses Recommendations

• Jefferies on Hero Motocorp: Upgrade to Hold on Company, raise target price at Rs 5200/Sh (Positive)

• Jefferies on TVS Motors: Maintain Buy on Company, raise target price at Rs 4250/Sh (Positive)

• Jefferies on Maruti: Maintain Buy on Company, raise target price at Rs 17500/Sh (Positive)

• Jefferies on Eicher Motors: Maintain Buy on Company, raise target price at Rs 6925/Sh (Positive)

• Jefferies on Bajaj Auto: Maintain Hold on Company, raise target price at Rs 9000/Sh (Positive)

• Jefferies on M&M: Maintain Buy on Company, raise target price at Rs 4200/Sh (Positive)

• Macquarie on Tata Comm: Maintain Outperform on Company, target price at Rs 2210/Sh (Positive)

• Macquarie on Reliance Ind: Maintain Outperform on Company, raise target price at Rs 1650/Sh (Positive)

• Macquarie on Bharti Airtel: Maintain Outperform on Company, target price at Rs 2050/Sh (Positive)

• Jefferies on ICICI Bank: Maintain Buy on Bank, target price at Rs 1760/Sh (Positive)

• MOSL on Adani Ports: Maintain Buy on Company, target price at Rs 1700/Sh (Positive)

• MS on Real Estate: Mumbai and Bangalore were stronger than other cities in real estate market in July (Positive)

• Macquarie on Bharti Hexacom: Maintain Underperform on Company, cut target price at Rs 1380/Sh (Neutral)

• Macquarie on Vodafone: Maintain Underperform on Company, cut target price at Rs 5.0/Sh (Neutral)

• Macquarie on Indus Tower: Maintain Underperform on Company, target price at Rs 300/Sh (Neutral)

• Jefferies on Hyundai: Maintain Underperform on Company, raise target price at Rs 2000/Sh (Neutral)

• Jefferies on Tata Motors: Maintain Underperform on Company, raise target price at Rs 575/Sh (Neutral)

• Jefferies on Ashok Ley: Maintain Hold on Company, target price at Rs 120/Sh (Neutral) 

Warm Regards... 

Nikhil Bhatt
Business Editor
Investment Point
Contact :- 99390 80808
www.nikhilbhatt.in 

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