𝗧𝗼𝗽 𝗦𝘁𝗼𝗰𝗸𝘀 𝘁𝗼 𝗪𝗮𝘁𝗰𝗵 𝗼𝗻 𝗝𝘂𝗻𝗲 𝟮𝟮
JP Morgan maintains an overweight rating on Bajaj Finance with a target price of Rs 1,080.
- Growth momentum remains strong despite global oil price concerns and supply chain issues.
- Asset quality trends remain stable across loan segments.
- The company expects a 10-12 basis points net interest margin decline in FY27.
- Analysts predict a 26% earnings compounded annual growth rate for FY26-FY28.
CLSA provides a high conviction outperform rating on Varun Beverages with a target price of Rs 654.
- The company partnered with Asahi Group Holdings to sell the CALPIS brand in India.
- Asahi handles product development and technical support.
- Varun Beverages manages marketing and brand management.
- The partnership adds a fermented dairy-based beverage to the current portfolio.
Nomura has a buy rating on Nykaa with a target price of Rs 317.
- The company aims to grow revenue 2.5x to 3x by FY30.
- EBITDA margins are projected to reach early or mid-teens by FY30.
- Nykaa focuses on premium lifestyle spending through its platform and owned brands.
Citigroup maintains a buy rating on Jubilant Foodworks with a target price of Rs 650.
- Domino’s India like-for-like growth is expected to stay between 5% and 7% in the medium term.
- Management is working on 400 to 500 dine-in and takeaway heavy stores through menu changes and refurbishments.
- The company targets a 200bps standalone margin expansion between FY24 and FY28.
- Popeyes shows improving economics with a disciplined store scale-up plan.
Source: The Times of India