Brokerages Split on TCS, Bullish on HCLTech After Q3 Results; JSW Infra, HDFC Bank Updates

• Global brokerages released reports on 7 stocks, including IT giants TCS and HCLTech, after their latest Q3 results.
• HCLTech received largely positive views from Citi, HSBC, Nomura, and CLSA due to strong performance, better margins, and increased deal flow.
• Opinions on TCS were divided, with Citi recommending 'Sell', Nomura and HSBC 'Neutral'/'Hold', and CLSA giving an 'Outperform' call.
• HSBC upgraded JSW Infra to 'Hold' with a target of ₹280, expecting EBITDA to double by FY28 and 400 mtpa port capacity by FY30.
• CLSA gave an 'Outperform' call on HDFC Bank with a target of ₹1,200, seeing temporary issues and a potential bounce-back in FY27.

Why It Matters: Brokerages are bullish on HCLTech's strong Q3, divided on TCS, and positive on JSW Infra and HDFC Bank's future.