Thursday, November 20, 2025

Fund Houses Update - 20 November 2025

Dear Trader...

Fund Houses Recommendations

  • HSBC on Hindalco: Initiate Buy on Company, target price at Rs 980/Sh (Positive)
  • HSBC on NALCO: Initiate Buy on Company, target price at Rs 291/Sh (Positive)
  • HSBC on Tata Steel: Initiate Buy on Company, target price at Rs 215/Sh (Positive)
  • Jefferies on Adani ent: Maintain Buy on Company, target price at Rs 2940/Sh (Positive)
  • JP Morgan on LG Electronics: Initiate Overweight on Company, target price at Rs 1920/Sh (Positive)
  • Nuvama on APL Apollo: Maintain Buy on Company, target price at Rs 2093/Sh (Positive)
  • Macquarieon Hero Motocorp: Upgrade to Outperform on Company, target price at Rs 6793/Sh (Positive)
  • MS on HDFC Bank: Maintain Overweight on Company, target price at Rs 1225/Sh (Positive)
  • MS on Axis Bank: Maintain Overweight on Company, target price at Rs 1450/Sh (Positive)
  • MS on ICICI Bank: Maintain Overweight on Company, target price at Rs 1800/Sh (Positive)
  • MS on Kotak Bank: Maintain Overweight on Company, target price at Rs 2600/Sh (Positive)
  • MS on SBIN: Maintain Equal weight on Company, target price at Rs 1025/Sh (Positive)
  • Citi on Cummis: Maintain Buy on Company, target price at Rs 4875/Sh (Positive)
  • UBS on IOCL: Maintain Buy on Company, target price at Rs 190/Sh (Positive)
  • UBS on HPCL: Maintain Buy on Company, target price at Rs 540/Sh (Positive)
  • UBS on BPCL: Maintain Buy on Company, target price at Rs 425/Sh (Positive)
  • MS on Swiggy: Maintain Equalweight on Company, target price at Rs 455/Sh (Positive)
  • UBS on Reliance Ind: Maintain Buy on Company, target price at Rs 1820/Sh (Positive)
  • HSBC on Hind Zinc: Initiate Hold on Company, target price at Rs 470/Sh (Neutral)
  • HSBC on Coal India: Initiate Hold on Company, target price at Rs 374/Sh (Neutral)
  • HSBC on SAIL: Initiate Reduce on Company, target price at Rs 114/Sh (Neutral)
  • HSBC on NMDC: Initiate Reduce on Company, target price at Rs 59/Sh (Neutral)
  • BofA on Infoedge: Maintain Underperform on Company, target price at Rs 1300/Sh (Neutral)
  • Citi on Navinflour: Maintain Sell on Company, target price at Rs 4900/Sh (Neutral)
  • ICICI on NSDL: Maintain Hold on Company, target price at Rs 1170/Sh (Neutral)
  • Emkay on Pinelabs: Maintain Reduce on Company, target price at Rs 210/Sh (Neutral)
  • Citi on Biocon: Downgrade to Sell on Company, cut target price at Rs 360/Sh (Negative)

Warm Regards...

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

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The securities quoted are for illustration only and are not recommendatory. Investment in securities market are subject to market risks. Read and agree Disclaimer and related all the documents carefully before investing, mentioned on www.nikhilbhatt.in

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