10 explosive reports came on more than 10 stocks including Vedanta, the impact will be felt as soon as they open.:

Read, Digital Desk : Both Jefferies and JPMorgan are bullish on HDFC Bank. Jefferies has maintained a Buy rating on HDFC Bank and has a target price of Rs 1,050. The brokerage said it commissioned law firms to examine the former chairman’s March 2026 statements, but found no evidence to support them. This has alleviated investor concerns and could pave the way for the appointment of a new chairman and an extension to the CEO’s term.

Jefferies believes the stock currently trades at approximately 13 times PE and 1.7 times adjusted price-to-book compared to FY27 estimated earnings, which is an attractive valuation. JPMorgan also has an Overweight rating and a target price of Rs 990.

According to the brokerage, the risks related to corporate governance will reduce after the legal review. RBI’s FCNR-related steps can boost deposits and growth. Also, the stock is at a multi-year low valuation. What is the opinion on Kotak Bank? Nomura has given a Buy rating on Kotak Bank and has a target of Rs 460. According to the brokerage, CEO Ashok Vaswani will not seek reappointment after December 2026. The board has started the search for a new CEO and Anup Kumar Saha is considered the strongest internal candidate. However, the brokerage believes that this will not lead to a major change in the company’s strategy. On the other hand, Jefferies has also given a Buy rating and a target of Rs 450. Jefferies says that the CEO’s exit was a surprise for investors, but the uncertainty related to the leadership change may last only in the near term. Different opinions on Astral JPMorgan has changed its view on the pipe sector and has downgraded both Astral and Supreme Industries to Neutral. The brokerage says that after the demerger, the plumbing business will be separate, but the growth of the chemical business may be affected. This could put pressure on valuations by 5-8%. However, JPMorgan has described Astral as a better option than Supreme Industries. Investec has maintained a Buy rating on Astral and has a target price of ₹1,710. The brokerage says that Astral Chemie, formed after the demerger, could become the country’s second-largest listed pure-play chemical company. Improved transparency and accountability could unlock value. CLSA has given Astral a Hold rating and a target price of ₹1,475.

According to the brokerage, the demerger will improve management focus and capital allocation, but the impact on the stock may be limited in the near term. CLSA is most bullish on Persistent Systems. CLSA has given a High Conviction Outperform rating to Persistent Systems and a target of Rs 6,520. According to the brokerage, the company is acquiring Nagarro at an enterprise value of $1.4 billion. This deal could accretively increase earnings per share (EPS) by approximately 6% in the future. Nomura has a Neutral rating and a target of Rs 5,200. According to Nomura, the company will first acquire a 21% stake in Nagarro and later plans to acquire 100% and delist it. Buy on Dr Reddy’s . Nomura has given a Buy rating to Dr Reddy’s and a target of Rs 1,740. According to the brokerage, the US FDA has issued seven Form-483 observations after inspecting the Hyderabad plant. Most of these are related to the new facility. The company expects approval and product launch in Q4 FY27. Where is the opportunity visible in the non-life insurance sector? Nomura initiates coverage on the sector, says Buy on Star Health, target Rs 675

Buy on Niva Bupa, target Rs 105
Neutral on PB Fintech, target Rs 1,590
Neutral on ICICI Lombard, target Rs 1,820.
According to the brokerage, non-life insurance premium has grown at a CAGR of 13% between FY16 and FY26 and health insurance remains the fastest growing segment.

Jefferies Bullish on GMR Airports
Jefferies has given a target of Rs 125 with a Buy rating. The brokerage says that the company will take over the operations of Nagpur Airport from the second quarter of FY27. The airport is small but is strategically important. 100% ownership and land bank can unlock value in the future.

Who is Jefferies liking among the liquor companies?
Jefferies has given a Buy on Radico Khaitan, target Rs 4,500
Buy on Allied Blenders, target Rs 780
Hold on United Spirits, target Rs 1,560.
The brokerage believes that demand for premium products will remain the sector’s biggest growth driver.

Kotak Institutional Equities has an ADD rating and a target price of ₹3,400 on Escorts. According to the report, the domestic tractor industry is currently projected to see flat growth, but the company is focusing on increasing market share and expanding its non-tractor business. The construction equipment business is also showing recovery. Investec has a Buy rating on Vedanta with a target price of ₹319. The brokerage notes that the company has presented a roadmap for its Zinc International and Saudi Copper projects. However, ore quality at the Gamsberg project remains a challenge. InCred has downgraded Aether to Hold and assigned a target price of ₹1,140. The brokerage notes that the company’s specialty chemicals business is strong and has long-term customer relationships, but current high valuations and weak returns could limit further upside. What’s the biggest message for investors?

Brokerage reports indicate that many institutional investors are currently positive on stocks like HDFC Bank, Kotak Bank, Persistent Systems, Vedanta, GMR Airports, Radico Khaitan, and Star Health. Caution is advised on stocks like Astral, Supreme Industries, PB Fintech, ICICI Lombard, and Aether due to valuation, demergers, or sector-related challenges.