Equity news
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Itc: co. raises gold flake superstar price from ₹70 to ₹79 - ndtv profit
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Power grid: goldman sachs maintains a buy on power grid with a target price of ₹380, citing q4 pat beat, sharp fy26 capex and capitalization growth above guidance, a strong ₹2.17 trillion work-in-hand pipeline, robust fy27/fy28 capex plans, and expectations of strong medium-term earnings growth driven by capitalization pickup.
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Bajaj finance: morgan stanley maintains an overweight on bajaj finance with a target price of ₹1,120, citing a buoyant operating environment, stable loan growth and asset quality outlook, ongoing investor focus on ai initiatives, and manageable nim moderation despite pressure on funding costs from rising bond yields.
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Urban co: goldman sachs maintains a neutral on urban company with a target price of ₹140, citing strong growth in the core services business, improving profitability with one-third of the portfolio at 8% ebitda margin, rapid scaling of instahelp despite near-term profitability pressure, and expectations of steady long-term margin expansion in both domestic and international businesses.
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Infosys: goldman sachs maintains a neutral on infosys with a target price of ₹1290, citing a soft discretionary spending environment offset by strength in bfsi and eurs verticals and strong deal wins, while management expects ai-led pricing pressure to be balanced by new growth opportunities and deeper partnerships with frontier ai companies.
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Paytm: goldman sachs maintains a buy on paytm with a target price of ₹1400, citing expectations of accelerating fy27 revenue growth, sustained operating leverage with a path to 15–20% ebitda margins, strong payments gmv growth with better-margin instruments, leadership in merchant lending and consumer postpaid, and a likely recovery in marketing services led by ads and travel ticketing.
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Deepak nitrite: morgan stanley maintains an overweight on deepak nitrite with a target price of ₹1842, citing q4 earnings beat driven by strong advanced intermediates and phenolics performance, with core ebitda doubling yoy, and expects sequential earnings improvement in q1fy27 supported by feedstock access, backward integration, and favourable demand from constrained chinese chemical supplies.
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Igl: morgan stanley maintains an equal-weight on igl with a target price of ₹205, citing 6% yoy volume growth lagging peers, mixed png growth trends, ebitda margins slightly below mid-cycle averages due to higher gas costs and currency impact, while recent gas price hikes are expected to offset nearly 90% of increased costs.
