Reliance | Nomura has given a buy call on Reliance. The brokerage firm is of a view that Q2 O2C— robust refining margins have been partly offset by decline in petrochemical, Meanwhile Jio's strong net subscriber additions and modest ARPU growth have added to the company.

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IDFC First Bank | Morgan Stanley has given an equal-weight call on IDFC First Bank. The brokerage firm is of the view that Q2 saw strong performance on margins and volume growth (both loan growth & deposits). Meanwhile, asset quality saw some weakness with gross slippages higher QoQ.

Reliance | Jefferies has given a buy call on Reliance. The brokerage firm has said that Q2 EBITDA rose 8% QoQ & marginally ahead of estimates on retail, retail throughput/sqft rose 10% QoQ driving op level.

Maruti | Brokerage firm Macquarie has given an outperform call on Maruti. The brokerage firm said that solid 17% Q2 EBITDA beat led by better than expected margins have aided the company, further operating leverage and lower than expected commodity cost have also aided the company.

Cipla | Nomura has given a buy call on Cipla. The brokerage firm is of the view that US, India Q2 earnings data ahead of estimates and management raising FY24 EBITDA margin guidance once again is in company's favour.