*Kunvarji: Fund Houses Recommendations* JPMorgan on *Persistent:* Maintain Buy on Company, target price at Rs 7200/Sh (Positive) MS on *Shree Cement:* Upgrade to Equal weight on Company, raise target price at Rs 26950/Sh (Positive) Citi on *Shriram Fin:* Maintain Buy on Company, target price at Rs 720/Sh (Positive) Citi on *Maruti:* Maintain Buy on Company, raise target price at Rs 14500/Sh (Positive) MS on *Ultratech Cement:* Maintain Overweight on Company, target price at Rs 13650/Sh (Positive) UBS on *Max Health:* Upgrade to Buy on Company, raise target price at Rs 1200/Sh (Positive) CLSA on *Tech Mah:* Maintain Outperform on Company, target price at Rs 2030/Sh (Positive) MS on *Deepak NTR:* Maintain Overweight on Company, target price at Rs 3000/Sh (Positive) MS on *Ambuja:* Maintain Overweight on Company, target price at Rs 590/Sh (Neutral) UBS on *PCBL:* Maintain Buy on Company, target price at Rs 600/Sh (Positive) MS on *Indian Markets:* Buying Indian equities could prove rewarding, India should resume its outperformance to EM in the comingmonths. (Positive) Citi on *Indian Markets:* Post corrections valuations for large caps are reasonable, Remain constructive (Positive) MS on *Cement:* Expect demand momentum to continue over next few months. (Positive) Investec on *Auto:* In E-2W Bajaj Auto back to leadership, Ola market sharedown 700bps MoM. In ICE-4 M&M/Maruti increased m/share by 170/160bps to 14%/44% vs YTDFY25. Tata Motors m/share declines in ICE as well by 330bps to8.2% (Neutral) Citi on *United Spirits:* Maintain Neutral on Company, target price at Rs 1650/Sh (Neutral) CLSA on *ABFRL:* Maintain Hold on Company, target price at Rs 279/Sh (Neutral) DAM on *Deepak NTR:* Maintain Buy on Company, target price at Rs 2142/Sh (Neutral) MS on *Dalmia Bharat:* Maintain Underweighton Company, target price at Rs 1630/Sh (Neutral) MS on *ACC:* Downgrade to Underweight on Company, cut target price at Rs 1670/Sh (Negative) CLSA on *Nazara Tech:* MaintainUnderperform on Company, target price at Rs 665/Sh (Negative)