JPMorgan has maintained an overweight rating on Bajaj Auto with a target price of Rs 5,150. Similarly, Motilal Oswal has maintained a buy rating on Apollo Hospitals with a target price of Rs 5,580, while Kotak Institutional Equities has an add rating on Nestle India and HDFC AMC with target prices of Rs 22,250 and Rs 1,860, respectively. The brokerage firms have based their ratings on the March quarter results of the companies, with JPMorgan citing EV volume momentum as a re-rating trigger for Bajaj Auto.
