Investec's Sell Rating on Punjab National Bank

Investec has maintained its 'sell' rating on Punjab National Bank, reducing the target price to Rs 85 from Rs 90. Analysts highlight concerns over the bank's net interest margin and a softening return on assets outlook, alongside slower loan growth due to reduced retail and corporate disbursements.

Morgan Stanley's Underweight Rating on Dabur

Morgan Stanley keeps its 'underweight' rating on Dabur with a target price of Rs 396, citing a 10-year low EBITDA margin and weak domestic revenue attributed to urban slowdown and inflation. Negative growth in home & personal care and healthcare segments was noted.

Citi's Buy Rating on MGL

Citi reiterates its 'buy' rating on MGL, increasing the target price to Rs 1,700 from Rs 1,670, praising the company's EBITDA beat and in-line volume growth, with a reiterated 10% volume growth guidance for FY26.

CLSA's Hold Rating on Voltas

CLSA maintains a 'hold' rating on Voltas at Rs 1,375, pointing to earnings below estimates, lower growth in cooling products, and concerns over inventory levels due to unseasonal rainfall.

ICICI Securities' Buy Rating on APL Apollo Tubes

ICICI Securities recommends a 'buy' on APL Apollo Tubes with a target price of Rs 2,000, applauding record sales volume and a strong liquidity position, with management expecting 20% annual volume growth over the next two years.

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