Latest News, Updates & Breaking Headlines
Emkay Global has downgraded ACC to sell due to weak margin trends and slower capex execution with the target price cut sharply to Rs 1,600 from Rs 2,280. Analysts said that ACC’s valuation revised to 7x EV/EBITDA (economic value/earnings before interest, taxes, depreciation and amortisation from 9x given deteriorating fundamentals. They have cut ACC’s FY27…
CLSA has an outperform rating on M&M with the target price at Rs 4,417. Analysts said that the company remains confident in maintaining its market leadership position for SUVs, tractors and LCVs. With new launches and focus on void spaces, M&M expects there is scope for further market share gains in some of the segments….
Jefferies has a buy rating on Adani Enterprises with the target price at Rs 2,940. Analysts said that the company has received committee of creditors (CoC) approval for its Rs 14,500 crore resolution plan for JAL (Jaypee), beating others with superior upfront payment terms. Adani Ent’s plan, subject to NCLT clearance, may involve carving out…
Morgan Stanley initiated its coverage on LG Electronics with an overweight rating and a target price of Rs 1,864. Analysts said the company stands out across many categories in a highly competitive consumer durables market with industry-leading margins and best-in-class capital efficiencies. They expect revenues and margins to be driven by its new capacity, and…
Cloudflare outage on November 18 not only disrupted hundreds of tech websites but also finance sector that rely on the IT company’s services, a report has said, noting that the three-hour disruption potentially cost forex and Contracts for Difference (CFD) brokers an estimated $1.58 billion in lost trading volume. The unavailability of services left the…
Jefferies has initiated its coverage of WeWork India with a buy rating and a target price of Rs 790. Analysts said that the company is the largest flexible workspace operator by revenues in India. At about 17% compounded annual growth rate (CAGR), flexible workspace stock is growing at two times the pace of office stock,…
Jefferies has an underperform rating on Tata Motors PV with the target price at Rs 300. Analysts said the company reported earnings before interest, taxes, depreciation, and taxes (EBITDA) loss in the July-Sept quarter (Q2FY26), dragged by cyberattack at JLR. Cyberattack-related disruptions continue in Q3FY26 and should normalize by Q4FY26. Nevertheless, analysts see multiple headwinds…
CLSA has an underperform rating on Jubilant Foodworks with the target price at Rs 477. Analysts said the company missed its sales estimates, which was known. Its earnings before interest, taxes, depreciation, and amortisation (EBITDA) margin was below consensus but slightly improved sequentially, while gross margin improved slightly as it raised prices and packaging charges….
Jefferies has a buy rating on Asian Paints with the target price raised to Rs 3,300. Analysts said the domestic volume growth of Damp Defence (a waterproofing solution) along with share gains were key highlights from the company’s July-Sept quarterly (Q2FY26) numbers, led by investments in brands, innovation, and regional activations. Interestingly, this was coupled…
CLSA has an outperform rating on Bajaj Finance with the target price at Rs 1,200. Analysts said the NBFC major’s July-Sept quarter (Q2FY26) was a good quarter across most parameters, with key financial metrics largely in line with estimates. The company’s assets under management growth was largely steady at 24% on the year (YoY) with…
