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Citigroup downgraded Trent to sell with the target price drastically cut to Rs 4,350 from Rs 7,150. Analysts said with the overall consumption trend remaining weak bundled with increasing competition, impact of cannibalisation and new store expansion, they expect Trent’s growth rate to moderate further. They cut the company revenue estimates, and earnings before interest,…
Citigroup has a buy rating on Bharti Airtel with the target price at Rs 2,225. Analysts said the telecom services major had a steady July Sept quarter (Q2FY26), with India mobile, homes, and business segments all modestly above expectations. They said India mobile revenue and earnings before interest, taxes, depreciation and amortization (EBITDA) grew 2.5-4%…
Morgan Stanley has an overweight rating on Kotak Bank with the target price at Rs 2,600. Analysts said they were positive on the lender’s broad-based loan growth as well as moderation in asset quality stress. Net interest margin (NIM) was down 11 basis points on the quarter as unsecured loans mix moderated. They feel NIM…
After the removal of GST on insurance from 22 September, all insurance companies passed on the benefits to policyholders. (AI image) Insurance buyers may be feeling happy after the removal of GST, but agents and distributors are feeling the pinch. Insurance companies have reduced the commissions payable to distributors of insurance products to offset the…
JP Morgan has an outperform rating on Dixon Technologies with a target price of Rs 19,500. Analysts said the stock has lost around 10% in the last three trading sessions, but they don’t see any fundamental reason behind this fall. They recommended investors to buy this dip for a high-quality earnings compounder over the next…
Kotak Institutional Equities have a sell recommendation on Cochin Shipyard with the target price at Rs 860. Analysts said that the government has announced a Rs 70,000 crore package to boost domestic shipbuilding through capital support, legal reforms, and demand aggregation from oil & gas public sector units. This, coupled with CSL’s MoU with HD…
