ICICI Direct has initiated coverage on Raymond Realty with a Buy rating and a net-asset-value-based target of Rs 700, implying roughly 23 percent upside from the prevailing Rs 568.

Prabhudas Lilladher has retained its BUY rating on Apeejay Surrendra Park Hotels after a management meeting, holding a sum-of-the-parts target of Rs 156 against a current price of Rs 112 — an upsid

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.

Axis Securities has issued a BUY call on Prestige Estates Projects under its Axis PUNCH medium-term product, setting a target of Rs 1,805 against a current price of Rs 1,644 for an upside of about

Motilal Oswal has initiated coverage on Adani Enterprises with a BUY rating and a sum-of-the-parts target of Rs 3,880, implying about 25 percent upside from the current price of Rs 3,110.

ICICI Securities has a BUY on Oberoi Realty, setting a sum-of-the-parts target of Rs 2,200 — about 17 percent above the current price of Rs 1,886 and pitched at a 40 percent premium to residential