ITC Holds Strong with Macquarie's Outperform Rating

Macquarie continues to endorse ITC with an outperform rating, setting a target price at Rs 500. Despite a mixed quarter, the cigarette business showed resilience with a 6.5% volume growth, offsetting some challenges in the paper sector.

Tata Power Faces Challenges According to CLSA

Tata Power received an underperform rating from CLSA, with a target price of Rs 351. Weak performances in Indonesian coal mines and renewable energy IPP businesses were notable, though the solar EPC sector showed promise.

UPL and Adani Enterprises: A Mixed Bag

Antique maintains a buy rating on UPL, raising the target to Rs 730, citing plans for price hikes to recover margins. Meanwhile, Adani Enterprises saw a buy rating from Jefferies at Rs 3,000, despite a significant drop in net profit due to higher depreciation charges.

Thermax: A Cautious Outlook from Goldman Sachs

Goldman Sachs advises a sell on Thermax, with a revised target price of Rs 3,210, pointing to a weak quarter but acknowledging an improved business outlook ahead.

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