JPMorgan has started coverage of Apollo Hospitals as overweight, with a target price of INR 5,950 ($80). The bank has started coverage of Fortis Healthcare as overweight, with a INR 355 target. Morgan Stanley downgraded Tata Chemicals to equal-weight, downgraded its target price to INR 916 and maintained an overweight rating on Indigo with a target price of INR 3,126. Furthermore, InCred began covering HEG with an ‘add’ rating and expects it to trend upwards due to reduced US steel inventory levels. Jefferies maintained a buy rating on Dalmia Bharat with a target price of INR 2,490.