Axis Securities has maintained its BUY rating on Elecon Engineering Company Ltd and raised its target price to Rs 610 from Rs 600, implying about 24% upside from the Rs 493 close of Oct. 15, 2026.

ICICI Securities has initiated coverage on Kirloskar Oil Engines with a BUY rating and a sum-of-the-parts target of Rs 2,850, implying about 28 percent upside from the current price of Rs 2,230.

Motilal Oswal Financial Services has reiterated a Buy rating on Cummins India, trimming its target price slightly to Rs 6,500 from Rs 6,600, still implying 20% upside from the current market price

ICICI Securities has reiterated its BUY call on Bharat Heavy Electricals Ltd.

ICICI Securities has maintained a HOLD rating on Siemens Ltd., with a 12-month target price of Rs 4,190, implying about 12% upside from the current market price of Rs 3,750.

ICICI Securities has reiterated its BUY call on Bharat Heavy Electricals (BHEL), setting a revised target price of Rs 450, implying an upside of approximately 19% from the current market price of R