SBI has a ‘neutral’ rating on SBI with a target price of Rs 840 on UBS. Analysts stated that the management of the bank has cut off debt growth guidance and they feel pure interest margin to be under pressure in the near period. However, the UBS has kept its EPS estimates largely unchanged for FY26 and FY27.
The CLSA has downed to hold Mahindra Bank with ‘outperform’, but the target price has increased from Rs 2,225 to Rs 2,125. Analysts stated that the bank had a mixed set of numbers in the public march quarters. This recalls the pre-provision operating profit estimate of CLSA, which is powered by low net interest income and high OPEX. He also stated that the cost of credit was high as the bank strengthened its provision coverage ratio, while the debt growth was moderated for low-priests.
Jeffers has maintained its ‘hold’ rating on Avenue Supermart (D-Mart), with a target price cut of Rs 4,225 to Rs 4,100. Analysts stated that D-mart’s margin slipage came as a major negative surprise, in which management is the same for high competition.
Prabhudas Lilader has given a ‘low’ rating on Indian oil corp with a target price of Rs 122. Analysts said that a strong gross refinement margin (GRM) during the January-March quarter promoted its earnings, the average Singapore GRM remains weak at $ 3/barrel and the price of the company is likely to report Sharp Sharpie at Brent’s prices. Paytim’s weakness is also likely to remain and the company has indicated a low-vicula of Rs.170/cylinder in April-June quarters on LPG.
The incredible equities have retained their ‘low’ rating on JSW Steel with a target price of Rs 766. Analysts said the Supreme Court’s decision last week ordered the liquidation of Bhushan.
Power and Steel (BPSL) has put a shadow of uncertainty on the steel manufacturer. He said that JSW Steel’s earnings for FY26-27 seem to be highly optimistic. Stock is trading on an unrealistic assessment (EV/Ebitda Business on a high level of about 18 years).
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