Bernstein has initiated its coverage on Vishal Mega Mart with an ‘underperform’ rating and a target price of Rs 90. Analysts said the company has built the lowest cost offline retail distribution in India with 47% of stores having no other value retailer nearby. They, however, feel that Vishal Mega Mart will face increasing competition and is at peak margin profile, and its competitors have stronger right to win than Vishal.
Motilal Oswal Financial Services has a ‘neutral’ call on KEI Industries with a target price of Rs 3,000. Analysts feel demand for cables remains strong, driven by govt capex and higher copper prices. Its growth concerns and raw material cost volatility is expected following tariff changes by the US. The management is focussed on expanding retail, optimising the product mix. It’s also focussed on leveraging industry trends for long-term growth.
Nuvama has a ‘buy’ rating on Godrej Properties with a target price of Rs 2,429. Analysts said the company’s pre-sales of Rs 10,200 crore was up 7% on an annual basis, which is the highest-ever pre-sales number. Although sales are showing a strong trend, weakness in housing volumes raises concerns about future growth.
Investec has upgraded Vedanta to ‘buy’ rating with a target price of Rs 510. Analysts feel after a 17% correction, Vedanta presents a good opportunity for FY26-27. They feel the company is in a strong position as far as costs are concerned, with aluminium/zinc smelters in the first quartile of the global cost curve. Main monitorable are the potential issues with capital allocation and restructuring.
DAM Capital Advisors has a ‘buy’ rating on Affle India with a target price at Rs 1,730. Analysts feel the company’s growth strategy focuses on using Opticks AI for better client conversions, on expanding into connected TV, on targeting SMEs for localised ads and better return on investments, and on adopting Agentic AI internally to boost operating leverage.
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