Bernstein has launched his coverage with a ‘underperform’ rating and target price of Rs 90 on the huge mega mart. Analysts said the company has manufactured the lowest cost offline retail distribution with 47% of stores in India, which do not have any other value retailer. However, they feel that the huge mega mart will withstand growing competition and peak margin profiles, and its contestants have strong rights to win than huge.
Motilal Oswal Financial Services has a ‘neutral’ call on Kei Industries with a target price of Rs 3,000. Analysts feel that the demand for cables is strong, which is inspired by Govt Capex and high copper prices. Its growth is expected after concerns and instability in the cost of raw materials after tariff changes by the US. Management is focused on expanding retails, adapting the product mixture. It is also focused on availing industry trends for long -term development.
Nuwama has a ‘buy’ rating on Godrej properties with a target price of Rs 2,429. Analysts stated that the company had a 7% pre-boundary annual basis of Rs 10,200 crore, which is the highest-east-sell number. Although sales are showing a strong trend, the weakness in the amount of housing increases concerns about future development.
Investake has upgraded Vedanta to ‘buy’ rating with a target price of Rs 510. Analysts feel that after 17% improvement, Vedanta presents a good opportunity for FY26–27. They feel that the company is in a strong position as far as the cost is concerned, with aluminum/zinc smelters in the first fourth of the global cost curve. The main monitoring is potential issues with eligible capital allocation and restructuring.
Dam Capital Advisors have a ‘purchase’ rating on FLE India with a target price of Rs 1,730. Analysts feel that the company’s development strategy focuses on using Optics AI for better client conversions, expanding into connected TVs, targeting SMEs for localized advertisements and on better return to investment, and adopting agent AI to promote operating leverage.
Disclaimer: The opinion, analysis and recommendations expressed here are of brokerage and do not reflect the views of the Times of India. Always consult a qualified investment advisor or financial planner before taking any investment decision.
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