Brokerages Issue 'Buy' Calls on Amber, Hind Zinc, Federal Bank

• Morgan Stanley initiated coverage on Lenskart with an "Equal-weight" rating and a target of ₹445, seeing it as a strong bet on lifestyle trends but "fairly valued."
• Jefferies gave Hind Zinc a "Buy" call with a ₹660 target, citing its benefit from rising silver/zinc prices and strong EPS growth.
• UBS maintained "Buy" on Federal Bank, raising its target to ₹310 due to improving operating trends and better RoE profile.
• Amber Enterprises received "Outperform" (CLSA, target ₹8,400) and "Buy" (Nuvama, target ₹9,100) ratings, highlighted for its industry-leading growth in AC/electronics.
• CLSA upgraded JSW Energy to "Hold" with a ₹486 target, noting its past underperformance has absorbed recovery factors.

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