Hot stocks: Brokerages on Tata Motors, Infosys, Ambuja Cements and Dixon Technologies

CLSA maintains a hold rating on Infosys with a target price of Rs 1,747. The company's outlook for the rest of FY25 remains stable, with continued demand tailwinds in certain BFSI sectors but some headwinds from the EU auto sector. CLSA notes that demand uncertainty around macro issues is diminishing. Infosys is positioned well for a potential revival in discretionary demand in FY26.