Tata Motors | CLSA has maintained a 'buy' rating on Tata Motors with a target of Rs 841 per share. It says JLR posted a 14.1% improvement in retail volumes in October 2023, from the previous year.

Ultratech Cement | MOSL maintains a 'buy' rating on Ultratech Cement with a target of Rs 10,100 per share. It says the company is well positioned to capture the growing cement demand.

NTPC | Jefferies says the company's CEO said the increase in power demand is being met despite supply constraints, addin that power capex is set for a four to five year uptrend. Jefferies adds that NTPC should be a major beneficiary of the capex uptick.

IGL | Morgan Stanley has maintained an 'underweight' rating on IGL with a target of Rs 432 per share. It says LNG trucking is seeing its ecosystem slowly develop from a nascent stage and a tie up with a logistics operator should help improve the ecosystem.

Tractor Companies | HSBC has a buy call on M&M with a target of Rs 1,800 per share, and a 'reduce' call on Escorts Kubota with a target of Rs 2,500 per share. It says FY25 is likely to be a weak year.

IndiGo | Morgan Stanley has maintained an 'overweight' rating on IndiGo with a target of Rs 3,217 per share. It says the near-term demand and airfare trends remain supportive.

Coal India | Jefferies has maintained a 'buy' rating on Coal India with a target of Rs 334 per share. It says the government is highly focused on ensuring adequate coal supply for power plants.

DIvi's Laboratories | Bernstein has maintained an 'underperform' rating on Divi's Laboratories with a target of Rs 3,064 per share. It says generics pricing pressure could affect order inflow and margin for the rest of the year.