Tata Steel | CLSA has maintained an 'outperform' rating on Tata Steel with a target of Rs 125 per share. It says its results were in-line and exceptionals boost profitability.

Tata Steel | Morgan Stanley has maintained an 'equal-weight' rating on Tata Steel with a target of Rs 110 per share. It says its EBITDA is ahead of estimates led by better realisations, partially offset by higher opex.

TVS Motor | CLSA has maintained a 'sell' rating on TVS Motor with a target of Rs 1,190 per share. It says EBITDA missed largely, led by an increase in staff and freight costs.

TVS Motor | Nomura has maintained a 'buy' rating on TVS Motor with a target of Rs 1,340 per share. It says that ahead of industry growth, the first quarter margin is slightly below.

ITC | Morgan Stanley has maintained an 'overweight' rating on ITC with a target of Rs 474 per share. It says it was in line with the company's decision to explore alternate structures.

SRF | Jefferies has maintained a 'hold' rating on SRF with a target of Rs 2,380 per share. It says it reported a weak print with sharp EBITDA decline on weaker chemicals segment.

DLF | CLSA has downgraded its rating for DLF to 'outperform' with a target of Rs 547 per share. It says the new launhes planned with sales potential of Rs 19,700 crore, mostly in the second half of FY24.