Sona BLW | Jefferies has maintained a 'buy' rating on Sona BLW with a target of Rs 700 per share. It says the company reported a good second quarter with its EBITDA and profit 7-13% above estimates

Indus Towers | Macquarie has maintained an 'outperform' rating on Indus Towers with a target of Rs 200 per share. It says the company's tower additions were impressive, but morgin moderates and receivables are high.

IndiGo | Morgan Stanley has maintained an 'overweight' rating on IndiGo with a target of Rs 3,217 per share. It says the airline's winter schedule for domestic flight implies 4$ growth over summer 2023.

Jubilant FoodWorks | Morgan Stanley has maintained an 'equal-weight' rating on Jubilant FoodWorks with a target of Rs 493 per share. It says the company's second quarter was weak on topline growth, as expected.

Jubilant FoodWorks | Goldman Sachs has maintained a 'neutral' rating on Jubilant FoodWorks with a target of Rs 515 per share. It says the company reported a soft quarter again, but the demand is likely bottoming out.

Tech Mahindra | HSBC has maintained a 'hold' rating on Tech Mahindra with a target of Rs 970 per share. It says the company reporte danother poor quarter, its revenue and margin missed muted expecations.

Tech Mahindra | Goldman Sachs has maintained a 'sell' rating on Tech Mahindra with a target of Rs 990 per share. It says it continues to expect a muted near-term outlook for IT spends in the telecom vertical.

Tech Mahindra | Nomura has maintained a 'buy' rating on Tech Mahindra with a target of Rs 1,320 per share. It says the company's second quarter revenue missed estimates because of sharp portfolio rationalisation.

Tech Mahindra | Jefferies has maintained an 'underperform' rating on Tech Mahindra with a target of Rs 910 per share. It says the 5% quarter-on-quarter decline in the company's CME vertical and single-digit margin are key negative surprises

Axis Bank | CLSA has maintained a 'buy' rating on Axis Bank with a target of Rs 1,200 per share. It says the sluggish deposit traction and higher 'other' opex are key negatives for the lender.

Axis Bank | Jefferies has maintained a 'buy' rating on Axis Bank with a target of Rs 1,250 per share. It says the lender's valuations at current levels are attractive.

Axis Bank | Macquarie has maintained a 'neutral' rating on Axis Bank with a target of Rs 980 per share. It says the lender's deposit growth is weak.