*Fund Houses Recommendations* CLSA On New Energy: Fiscal | Stocks | Nifty | Sensex | NSE | BSE

*Fund Houses Recommendations*


CLSA On New Energy: Fiscal incentives to mandates next. Companies with GH2 exposure include *NTPC, Power Grid, Adani Ent, RIL* (Positive)

CLSA on *NTPC:* Maintain to Buy on Company, target price at Rs 188/Sh (Positive)

GS on *Indigo:* Maintain to Buy on Company, target price at Rs 2180/Sh (Positive)

GS on *GCPL:* Maintain to Buy on Company, target price at Rs 1050/Sh (Positive)

GS on *Titan:* Maintain to Buy on Company, target price at Rs 3175/Sh (Positive)

MS on *Adani Ports:* Maintain Overweight on Company, target price at Rs 1030/Sh (Positive)

MS on *M&M Fin:* Maintain Overweight on Company, target price at Rs 275/Sh (Positive)

MS on *AU Small Bank:* Maintain Overweight on Company, target price at Rs 875/Sh (Positive)

MS on *HDFC Bank:* Key positive was strong retail deposit growth, up 5% QoQ & 21.5% YoY. Loan growth was at 1.8% QoQ, lower than 6.1% QoQ in previous quarter (Neutral)

CLSA on *Bajaj Finance:* Maintain Sell on Company, target price at Rs 6000/Sh (Neutral)

Macquarie on *Bajaj Finance:* Maintain Underperform on Company, target price at Rs 5275/Sh (Neutral)

CLSA on *Marico:* Maintain Underperform on Company, target price at Rs 550/Sh (Neutral)

Nomura on *Marico:* Maintain Neutral on Company, target price at Rs 590/Sh (Neutral)

MS on *Tata Power:* Maintain Underweight on Company, target price at Rs 189/Sh (Neutral)