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India's mutual funds joined the list of investors who bet on a flurry of IPOs that came out in the month of August, while increasing their holding in select largecaps and trimming their stake in some as well, according to the latest data released by Prime Database. Here's a look at what they bought and sold in the month gone by.
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CNBC TV18•01-10-2026, 09:17
Analysts Recommend Buy on Lemon Tree, DRL, ICICI Lombard; Sell Grasim, CDSL, Sun Pharma
  • •Nagaraj Shetti of HDFC Securities recommends buying Lemon Tree Hotels with a target of ’115-116 and selling Grasim Industries with a target of ’2,800.
  • •Mitessh Thakkar of Bonanza Portfolio Limited is bullish on Dr Reddy's Laboratories, recommending a buy with a target of ’1,275.
  • •Thakkar advises selling CDSL with a target of ’1,225 and also recommends selling Sun Pharma and Torrent Pharma.
  • •Prakash Gaba suggests buying ICICI Lombard General Insurance with a target range of ’1,620-1,650.
  • •Gaba also recommends selling Kalyan Jewellers with a target price of ’540.

Key Questions Answered

Nagaraj Shetti of HDFC Securities has recommended buying Lemon Tree Hotels with a target price of ₹115-116 and a stop-loss set at ₹106.

Mitessh Thakkar is bullish on Dr Reddy's Laboratories, advising a buy call with a target price of ₹1,275 and a stop-loss at ₹1,213.

Prakash Gaba recommended buying ICICI Lombard General Insurance with a target range of ₹1,620-1,650 and a stop-loss at ₹1,560.