The upgrade came on the back of recent correction in NTPC's stock price, with HSBC also raising its target price to ₹400 from ₹385 earlier.
On the bourses, Bajaj Housing Finance shares rose as much as 0.75 per cent to an intraday high of ₹112.95 per share.
Around 2:30 PM, Hindustan Aeronautics share price was trading 1,99 per cent higher at ₹4,542 per share. By comparison, BSE Sensex was trading 0.31 per cent higher at 81,350.68 levels.
Domestic brokerage JM Financial downgraded CarTrade to a 'Sell' rating from 'Hold' with a September 2026 target price of ₹2,350, implying around 14 per cent downside from current levels.
Morgan Stanley believes the recent demerger has created two distinct businesses catering to different investor risk appetites.
Amanta Healthcare IPO listing: Amanta Healthcare shares listed at ₹135 on the NSE and ₹134.90 on the BSE, compared to the issue price of ₹126
Financially, Ellenbarrie has delivered stellar growth in recent years. Between FY23 and FY25, revenue rose at a 23% CAGR, Ebitda expanded at an 81% CAGR, and PAT grew at a 71% CAGR.
Motilal Oswal continues to favour leading staples companies, including HUL, GCPL and Marico, as beneficiaries of renewed consumption momentum.
Around 10:00 AM, Ceigall India shares were trading 1.71 per cent higher at ₹278.90 per share. In comparison, BSE Sensex was trading 0.32 per cent higher at 80,969.40 levels.
SpiceJet's net worth position strengthened considerably, rising to ₹446 crore as against the earlier deficit of ₹2,398 crore in Q1FY25.
Analysts see the deal as transformative for CEAT's positioning in the high-margin off-highway tyre (OHT) space, upgrading the stock to a 'Buy'.
Around 11:20 PM, Glenmark Pharmaceuticals shares continued to trade higher, up 3.05 per cent at ₹2,051.40 per share. In comparison, BSE Sensex was trading 0.25 per cent lower at 80,518.51 levels.
Nomura expects the GST cut to spark a volume surge of 5-10 per cent across categories, with passenger vehicles (PVs) and two-wheelers leading the growth.
The brokerage now values Swiggy at ₹560, capturing the inflection in food delivery growth and the path to improved economics in Instamart.
Inox Wind's wind turbine generator (WTG) business stands to benefit from the MNRE's Approved List of Models and Manufacturers (ALMM) notification, effective July 31, 2025.
Shree Pushkar Chemicals share price rallied after the company incorporated unit, Dyecol Color Technologies, to act as the marketing arm for Dyes and Dyes Intermediaries Business of the company.
While the market was anticipating a cut in GST rates for term and health policies, analysts at JM Financial said, the exemption on savings-oriented life products came as a positive surprise.
To meet the robust demand, Nomura analysts project India will add ~309GW of installed capacity between FY25-30F, with renewables (RE) accounting for the bulk of the expansion.
E2E Networks share price rose after the company secured a contract worth ₹177 crore from IndiaAI Mission, Ministry of Electronics and Information Technology, Government of India.
Nomura noted that management remains mindful of internal rate of return (IRR) and intends to step up into full-fledged cell manufacturing only if reasonable returns are visible.