Citi has maintained a ‘Sell’ rating on Jindal Steel & Power Ltd (JSPL) despite raising its target price to ₹800 from ₹675, flagging concerns around falling steel realisations, project execution delays, and potential downside risks to volume estimates for FY26.
Nomura has maintained a ‘Buy’ rating on Federal Bank but cut its target price to ₹220 from ₹225, following a mixed set of Q4FY25 results that showed margin compression and elevated operating expenses.
CLSA has expressed optimism on Indian IT stocks, citing improving valuations and fading tariff-related overhang, even as Cognizant’s stronger-than-expected Q1CY25 results hint at rising competition in managed services deals.
Jefferies has raised its target price on Indus Towers to ₹345 from ₹295 but maintained an ‘Underperform’ rating, citing continued concerns over the company’s subpar growth profile, despite better-than-expected Q4 earnings.
Citi has raised its target price on Indus Towers to ₹485 from ₹470 while maintaining a ‘Buy’ rating, following an in-line Q4 performance.
Nomura has reiterated its ‘Buy’ rating on Zomato (Eternal), cutting its target price to ₹280 from ₹290, after a mixed set of Q4FY25 results.
Jefferies has maintained a ‘Hold’ rating on Zomato (Eternal) while cutting its target price to ₹250 from ₹255, flagging increasing caution around the company’s quick commerce (Q/C) segment.
Ajanta Pharma Ltd. reported an 11% year-on-year increase in profit after tax (PAT) for the quarter ended March 31, 2025, at ₹225 crore, compared to ₹203 crore in the same period last year.
IndusInd Bank announced on Sunday that its Deputy CEO and Executive Director, Arun Khurana, has resigned with immediate effect.
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