As Dalal Street enters the April 3 session, brokerages have several stocks on their watchlists. Here's what Jefferies, CLSA, JPMorgan, Morgan Stanley, HSBC, and Nomura make of stocks such as Asian Paints, Tata Consultancy Services (TCS), ICICI Lombard, Jubilant Foodworks, and Mahindra & Mahindra Financial Services:

Asian Paints

HSBC has maintained a 'buy' call on the Asian Paints stock with a target of Rs 3,750

TCS, HCL Tech, Tech Mahindra

With a positive outlook for the IT industry, CLSA upgraded Tata Consultancy Services (TCS) and HCL Technologies from 'sell' to 'underperform' with targets of Rs 4,043 and Rs 1,553, respectively. The brokerage has a 'buy' call on Tech Mahindra with a target of Rs 1,508 per share.

According to the brokerage, these major Indian IT companies will top the charts in terms of revenue growth in constant currency terms on a sequential basis.

Jubilant FoodWorks

JPMorgan has maintained a 'neutral' rating on the Jubilant FoodWorks stock with a target of Rs 475.

ICICI Lombard, M&M Financial Services, Cholamandalam Investment, Shriram Finance, ICICI Lombard General Insurance

UBS has maintained a 'neutral' rating on the ICICI Lombard General Insurance stock with a target of Rs 1,785, while Jefferies has maintained a 'buy' call on the stock with a target of Rs 1,950.

Morgan Stanley has maintained an 'overweight' rating on ICICI Lombard shares with a target of Rs 1,875.

M&M Financial Services

Nomura has maintained a 'reduce' rating on Mahindra & Mahindra Financial Services shares with a target of Rs 240.

Cholamandalam Investment and Finance

UBS has assumed a 'neutral' rating on the Cholamandalam Investment and Finance stock with a target of Rs 1,290.

Shriram Finance

Morgan Stanley has maintained an 'overweight' rating on the Shriram Finance stock with a target of Rs 3,050.

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