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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…
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…
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…
