Brokerage Reports: Reliance, SBI, Meesho in Focus; Market Impact Today

• Morgan Stanley maintains Overweight on Reliance Industries, target ₹1,847, citing $50B value creation and $80B investment impact from 2026.
• UBS initiates Buy on Meesho with a ₹220 target, highlighting its asset-light model and expected sharp increase in orders and users.
• Citi gives Buy on State Bank of India (SBI), target ₹1,110, expecting benefits from loan growth, lower deposit costs, and CRR cuts.
• JPMorgan is Overweight on Orkla India, anticipating earnings improvement from H2 FY26 despite an 18% fall since listing.
• Kotak recommends Reduce on Sona BLW due to valuation concerns, while Goldman Sachs advises Sell on Avenue Supermarts.

Why It Matters: Brokerage reports highlight diverse opportunities and risks across major stocks; investors must analyze business.