HSBC Downgrades Avenue Supermarts (D-Mart)

HSBC has downgraded Avenue Supermarts (D-Mart) to 'reduce' with the target price cut to Rs 3,500 from Rs 4,500. Analysts noted a 7% miss on consensus EBITDA in the Jan-March quarter due to competitive pressures affecting margins. Expectations are for margins in mature metro towns to remain soft, with FY26/FY27 EPS estimates cut by 19%/21%.

Macquarie's Positive Outlook on HPCL

Macquarie maintains its 'outperform' rating on HPCL with a target price of Rs 410. The Jan-March quarter saw earnings above consensus estimates, thanks to improved gross refining margins and a 21% annual increase in EBITDA.

Morgan Stanley's Stance on KEI Industries

Morgan Stanley keeps its 'overweight' rating on KEI Industries, targeting Rs 4,391. The company's profit exceeded estimates, driven by a 35% annual growth in cable & wire revenue, with exports surpassing expectations.

Jefferies Recommends Polycab

Jefferies holds a 'buy' rating on Polycab, raising the target price to Rs 7,050. Polycab achieved its highest ever profit in FY25, with market share gains continuing to rise.

Goldman Sachs Updates Paytm Target

Goldman Sachs increased Paytm's 12-month price target to Rs 705, anticipating EPS positivity by June this year. Despite some moving parts, the company's fundamentals are showing improvement.

Disclaimer: The opinions and recommendations are from brokerage analyses and not reflective of The Times of India's views. Consult a qualified advisor before making investment decisions.