Investec maintained its ‘sale’ rating on Punjab National Bankwith, the target price cut from Rs 90 to Rs 85. Analysts said the bank’s net interest margin was weak, while the return to the assets outlook was softening. It reported slow debt increase due to low retail/corporate disbursion.Analysts expect profitability moderation this year.Morgan Stanley maintained his ‘underweight’ rating on Dabur with a target price for Rs 396. Analysts said Dabur’s EBITDA margin came in less time of 10 years and domestic revenue was weak, due to urban recession and inflation. The growth rate in home and personal care and healthcare segments became negative, while the beverages were weak.City maintained its ‘buy’ rating on MGL, with the target price raised from Rs 1,700 before Rs 1,670. Analysts stated that the company’s Ebitda Beat was primarily responsible for reversing a one-time provision, while its adjusted Ebitda was in-line with estimates. The increase in its volume was also in-line. The company has repeated 10% volume growth guidance for FY26.CLSA maintains its ‘hold’ rating Voltas Rs 1,375 with target price. Analysts said the company’s earnings were less than their estimates. It reported low growth in cooling products and low margin in electromachanical projects and services (EMP) division. Analysts said that under a major surveillance, the level of inventory has been given a cooler April and unseasonal rainfall. He said that the channel checks indicate an increase in the volume of the weak industry for the air conditioner of the room in April.ICICI Securities has kept the ‘buy’ rating on APL Apollo Tubes with a target price for Rs 2,000. Analysts said the company has crossed the estimates by a good margin. It was the highest amount of sales during the Jan-March quarter. The company’s capacity utilization of Raipur plant was 60%. It also has an excellent liquidity position. And meditation is to maintain controlled costs. Moving forward, management is expected to increase the amount of 20% annually over the next two years.Disclaimer: The opinion, analysis and recommendations expressed here are of brokerage and do not reflect the views of the Times of India. Always consult a qualified investment advisor or financial planner before taking any investment decision.
