UBL: DAM Capital on UBL Maintains Buy with Target Price of ₹1,685 as UBL shifts toward leading category growth with a clear margin agenda, supported by India’s under-penetrated beer market, state reforms, disproportionate share gains and low-teens EBITDA margin potential, while premiumization and lower trade spends support profitability.

UBL: Investec on UBL Maintains Hold with Target Price of ₹1,453 as management expects double-digit organic revenue growth and EBITDA/EPS growth ahead of revenue, with margins targeted to rise from high-single digits to low-teens over 3–5 years, though near-term raw-material pressures and higher brand investments imply gradual recovery; FY27–28 earnings estimates cut 7–17%.

Ultratech Cement: Jefferies on Ultratech Cement Maintains Buy with Target Price of ₹14,065 as Ultravolt marks an aggressive entry into wires and low-tension cables with a top-2 ambition within five years, potentially contributing 3–7% of FY30E revenue/EBITDA at scale.

Ultratech Cement: Morgan Stanley on Ultratech Cement Maintains Overweight with Target Price of ₹14,700 as Ultravolt wires & cables launched ahead of schedule with 1.1mn km capacity, pan-India rollout planned across 500+ districts and 6,000+ pincodes, and a top-2 ambition within five years, indicating strong execution.

Samvardhana Motherson: CLSA on Samvardhana Motherson Maintains Outperform with Target Price of ₹190 as consumer electronics revenue and margins are set to scale with the largest facility commissioning by end-CY26, while auto remains core with focus on Asia, pricing power and higher-ROCE wiring harness and vision-system segments benefiting from EV adoption.

Sterlite Tech: CLSA on Sterlite Technologies Maintains Outperform with Target Price of ₹950 as AI data centres significantly expand the optical-fibre opportunity, with management targeting ₹200bn FY29 revenue and 27% margin, supported by 50% capacity expansion, ₹10bn annual capex and growing Indian data-centre demand.

Cipla: Morgan Stanley on Cipla Maintains Underweight with Target Price of ₹1,218 as the Qilu partnership for US commercialization of the Keytruda biosimilar strengthens Cipla’s oncology/biosimilars portfolio and specialty strategy, though competition remains high with at least 13 pembrolizumab biosimilars in development.

HAL: Goldman Sachs on HAL Maintains Buy with Target Price of ₹5,870 as GE Aerospace shipped 3 F-404 engines in August versus 2 expected, taking cumulative Tejas Mk1A deliveries to 10, easing a key supply bottleneck and supporting HAL’s delivery ramp-up with 30 airframes already assembled.

Polycab: JPM on Polycab Maintains Overweight with Target Price of ₹10,000 as Ultratech Cement’s wires & cables entry is unlikely to materially impact Polycab given its residential-wire focus, while lower-than-approved capex and strong sector fundamentals make any correction toward 31–32x trough valuations a buying opportunity; pricing and channel incentives remain key monitorables.

GMR Airports: Kotak Inst Eqt on GMR Airports Maintains Buy with Target Price of ₹121 as the Hyderabad Airport tariff order supports upfront capex recognition at a higher allowed cost of capital, while credit-rating upgrades reduce refinancing risk and existing concessions imply limited downside with further upside from cash reinvestment, duty-free business and legal cases.

NTPC: Kotak Inst Eqt on NTPC Upgrades to ADD with Target Price of ₹365 as the 20% correction appears excessive, valuations have eased to 1.5x 2027E P/B, improved project execution could support medium-term earnings growth, and 35.7GW under-construction capacity plus ₹16.9tn planned capex should drive near-term growth.

Angel One: Co's Average Client Funding Reaches ₹74.21 Billion In August, An Increase Of 40.2% Year-Over-Year. The Company's Client Base Grows To 39.56 Million, Up 17.8% Year-Over-Year.

Tata Motors: Subsidiary TML CV Holdings B.V. Gets CONSOB Approval For Iveco Group N.V. Tender Offer

Adani Ports: Opens Dedicated Empty Container Yard At Mundra To Boost Annual Capacity By 1.6 Million TEU And Aims For Over 6 Million TEU Growth Plan.

Mphasis: Company Scheduled For Meeting With Analysts And Investors On September 9

TECHNOCRAFT VENTURES: Q1 EBITDA 180M RUPEES VS 156M (YOY) || Q1 EBITDA MARGIN 19.38% VS 11.12% (YOY)

TECHNOCRAFT VENTURES: Q1 REVENUE 927M RUPEES VS 907M (YOY)