The brokerage expects the share price to head towards Rs 300, which is 80% retracement of February–June 2022 correction over the next few months.

Intellect Design Arena, incorporated in the year 2011, is a Small Cap company (having a market cap of Rs 7280.18 Crore) operating in IT Software sector.

ITC, incorporated in the year 1910, is a Large Cap company (having a market cap of Rs 530489.94 Crore) operating in Tobacco sector.

Power Finance Corporation, incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 45765.81 Crore) operating in Term Lending Institutions sector.

United Spirits, incorporated in the year 1999, is a Large Cap company (having a market cap of Rs 58751.77 Crore) operating in Beverages - Alcoholic sector.

Can Fin Homes, incorporated in the year 1987, is a Mid Cap company (having a market cap of Rs 8774.86 Crore) operating in NBFC sector.

Gujarat Narmada Valley Fertilizers & Chemicals, incorporated in the year 1976, is a Small Cap company (having a market cap of Rs 9999.64 Crore) operating in Fertilisers sector.

L&T Finance Holdings, incorporated in the year 2008, is a Large Cap company (having a market cap of Rs 24375.17 Crore) operating in NBFC sector.

ICICI Securities has downgraded Hindustan Aeronautics Ltd. (HAL) to an add call with a target price of Rs 3385.0. While the company has strong order book potential, execution is crucial. The current market price of HAL is Rs 3022.6, and the revised target price represents a 14% upside from the current level. In Q1 2023, HAL reported a consolidated total income of Rs 13216.90 crore, up 114.47% from the previous quarter and up 9.58% from the same quarter last year.

Anand Rathi has given a buy call on Sharda Cropchem Ltd. with a target price of Rs 625.0, while the current market price of the company stands at Rs 502.9. Sharda Cropchem Ltd. is a Small Cap company in the pesticides/agrochemicals sector and has a market cap of Rs 4539.44 Crore. Despite the current global demand challenges, Sharda Cropchem Ltd, with its unique business model, good registration pipeline, and expanding product range in each region, is confident of its future performance.

Motilal Oswal Financial Services has issued a buy call for Tata Motors Ltd. with a target price of Rs. 590, citing that Tata Motors will benefit from the commercial vehicle upcycle and stable growth in passenger cars, as well as company-specific volume and margin drivers.

ICICI Direct has issued a buy call on Cipla with a target price of Rs 1090, higher than the current market price of Rs 914.45. Analysts project that Cipla’s price may reach the defined target within a year. Its focus on its core respiratory franchise and other niche launches in the US, along with a calibrated focus on core therapies in India and a shift to private markets from tenderised models in other export markets, all support the buy rating. In the latest quarter, Cipla reported consolidated total income of Rs 5,873.93 crore, with a net profit after tax of Rs 523.12 crore.

Emkay Global Financial Services has issued a hold call on Sapphire Foods India with a target price of Rs 1380, which is expected to be achieved within a year. The company's Q4 EBITDA is 7-11% below the street's estimates. While food products and other operating revenue are the key products and revenue segments for Sapphire Foods India, persisting weak macros have led to low SSG for KFC/PH. The company, however, remains optimistic about its near-term recovery and the rollout of new innovations. The company has posted Q4 consolidated total income of Rs 571.80 Crore, and its net profit after tax for the same quarter is Rs 135.48 Crore.

Prabhudas Lilladher has a buy call on Avenue Supermarts with a target price of Rs 4447, down from Rs 4561, following a disappointing margin performance. It has cut EPS estimates for FY24/25 by 4/5%. The company reported a total income of Rs 10627.18 crore for the quarter ended 31-03-2023, down 8.39% from the last quarter. The company has a total of 65 crore shares outstanding, and promoters hold 74.93% stake.

Reduce Dr. Lal Pathlabs at a price target of Rs 1875.

Buy HG Infra Engineering at a price target of Rs 1202.

Castrol India's total income has grown 9.69% to Rs 1311.50 crore, with a net profit after tax of Rs 202.50 crore for the quarter ending on March 31.

Gujarat Gas, a mid-cap company in the Gas & Petroleum sector, reported a consolidated total income of Rs 3,960.36 crore for the quarter ended 31-03-2023, with a net profit after tax of Rs 369.21 crore. The company reduced PNG-I prices for Morbi consumers to stay competitive and recorded an increase in CNG sales due to a reduction in state VAT on CNG and lower domestic APM price.

The bank shows strong growth momentum, projecting over 25% AUM growth and over 22% RoE for FY24. The bank's stressed asset pool is reducing, with GNPA and the restructured book falling to 3.2% in Q4FY23 from 8% in Q1FY23, while SMA pool has been further cut to 1.2% in Mar'23.

Gujarat State Petronet reported a consolidated total income of Rs 4315.09 crore for the quarter ending on March 31, 2023, with a net profit of Rs 560.80 crore. With the recent decline in spot LNG prices and higher domestic supply, the company's earnings are expected to recover steadily in the next two years.