CLSA has kept its buy rating on L&T, with a target of Rs 2,790, predicting new projects in the Middle East will raise the company’s core backlog. Meanwhile, Morgan Stanley retained its equal-weight rating on Godrej Properties, with a target of Rs 1,354, contending that the developer's business model was now more resilient. TVS Motor was also rated outperform by Macquarie, with a target of Rs 1,354, with the bank stating it was the top pick in the two-wheeler space. Finally, Dabur India was marked overweight by Morgan Stanley, with a target of Rs 606.
