UPL | Citi has maintained a 'buy' rating on UPL with a target of Rs 800 per share. It says the recent data points are positive for demand recovery in the first half of this calendar year.

Zydus Life | Jefferies has maintained a 'hold' rating on Zydus Life with a target of Rs 630 per share. It says the company's management believes the company will evolve new lines of growth in the next three to five years.

India EMS | Morgan Stanley has initiated an 'overweight' rating on both, Kaynes Tech and SyrmaSGS, with targets of Rs 2,440 and Rs 671 per share, respectively.

IndiGo | Morgan Stanley has maintained an 'overweight' rating on indiGo with a target of Rs 3,217 per share. It says the increasing ATF prices and weak rupee pose 10 to 13 percent donwside risks to the FY24 EPS estimate.

Apollo Tyres | Morgan Stanley has maintained an 'equal-weight' rating on Apollo Tyres with a target of Rs 425 per share. It says the company needs to take prices up by 4 percent to offset the cost pressures.