Investec on RailTel | Investec maintains 'hold' on the shares of RailTel with a revised target price of Rs 110. We cut out FY23/FY24 earnings per share estimates by 46.7 percent/25.6 percent, says the brokerage house.

Morgan Stanley on Sobha | Morgan Stanley maintains an 'overweight' rating on the shares of Sobha with a revised target price of Rs 1,024. The brokerage has reduced their FY23-FY24 earnings per share estimates by eight percent each.

CLSA on Steel | CLSA maintains 'underperform' on Tata Steel, 'sell' on JSW and 'outperform' on JSPL. We remain cautious on the sector, the brokerage house said.

Jefferies on Q1 earnings | Cement, pharma and IT companies saw year-on-year declines. FY23 Nifty earnings have already been cut 2.7 percent, early in the year.