L&T | CLSA has maintained a 'buy' rating on L&T with a target of Rs 3,240 per share. it says it is optimistic about the company's rising project inflow, highest ever backlog, improving execution.

Tata Chemicals | HSBC has maintained a 'buy' rating on Tata Chemicals with a target of Rs 1,100 per share. It says the company's capacity expansions in India, Kenya and the US over the next years should support its growth.

M&M | HSBC has maintained a 'buy' rating on M&M with a target of Rs 1,800 per share from the previous target of Rs 1,700 per share. It says the automaker's tractor business is positively surprsing this year, but the underlying monsoon trends are not encouraging.

Sapphire Foods | Goldman Sachs has maintained a 'buy' rating on Sapphire Foods with a target of Rs 1,800 per share. It expects a potential recovery for the firm, starting from the third quarter this fiscal.