Jefferies has increased its target price for Indian Hotels to ₹900 per share, while maintaining a buy recommendation.

The company has set ambitious goals for consistent growth until FY30, with plans to open approximately one hotel per week. This confidence is supported by the company's history of meeting previous guidance.

HSBC has also issued a buy recommendation for UPL, with a target price of ₹680 per share. The company seems to be approaching a rights issue, as indicated by the recent announcement of offer terms. Furthermore, a private equity investment in Advanta is viewed as a positive development, likely aimed at reducing debt and improving valuation.

Morgan Stanley has given TCS an overweight rating, with a target price of ₹4,660 per share. The management has highlighted areas of strength while expressing caution about the overall demand environment. TCS continues to target an EBIT margin of 26-28%, focusing on key drivers such as utilization, employee structure, and improved revenue productivity.