Tuesday, September 2, 2025

Fund Houses Update - 02 September 2025

Dear Trader...

Fund Houses Recommendations

  • HSBC on Apollo Hospitals: Maintain Buy on Company, target price at Rs 8520/Sh (Positive)
  • Citi on Nuvoco: Maintain Buy on Company, target price at Rs 475/Sh (Positive)
  • HSBC on Bharti Airtel: Maintain Buy on Company, target price at Rs 2200/Sh (Positive)
  • MS on Reliance Ind: Maintain Overweight on Company, target price at Rs 1701/Sh (Positive)
  • MOSL on Phoenix Mills: Upgrade to Buy on Company, raise target price at Rs 2044/Sh (Positive)
  • CLSA on Bajaj FInance: Maintain Outperform on Company, target price at Rs 1150/Sh (Positive)
  • Nuvama on Asian Paints: Maintain Buy on Company, target price at Rs 2935/Sh (Positive)
  • Antique on Power Sector: Power demand up 4% YoY in Aug’25; valuations attractive at 35–40% below peak; Power Grid & CESC seen as key beneficiaries (Positive)
  • CLSA on Consumer Sector: Compare latest metrics for key quick commerce (QC) players Three conclusions. Maintain HC O-PF on Eternal & O-PF on Swiggy (Positive)
  • Jefferies on Auto Sector: TVS, M&M & Maruti followed by Eicher are Jefferies' top buys in the auto sector. (Positive)
  • HSBC on India Strategy: Tariffs won’t derail the market as direct impact on listed stocks seen limited (Positive)
  • GS on GST Meet: Consumption driven growth could be positive for Nestle, Emami, Dabur, HUL, Britannia and GCPL (Positive)
  • MOSL on Auto Sector: Green shoots in autos; 2Ws up 15% YoY, CVs +8.4%, tractors +27–28%; PVs weak on GST delay; top picks Maruti & M&M (Neutral)
  • Jefferies on GST Meet: Conversion of "GST Cess" into "GST" should help GST rationalisation process without impacting fiscal much (Neutral)
  • Nuvama on Real Estate: Mumbai housing sales dip in Aug’25, YTD at record high (Neutral)
  • HSBC on Coforge: Maintain Hold on Company, target price at Rs 1850/Sh (Neutral)
Warm Regards...

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

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