Brokerage firms have maintained their recommendations on various companies, with JPMorgan and Jefferies retaining their overweight and buy ratings on United Spirits and Reliance Industries respectively. HDFC AMC has been recommended as a buy by Jefferies, while Goldman Sachs suggests buying HDFC Bank. Morgan Stanley, meanwhile, has maintained an overweight rating on L&T. The companies are expected to deliver growth and improve profitability metrics, with HDFC AMC scaling up passives and alternatives and L&T enjoying a strong position in the market, according to the firms’ reports.