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CLSA has an outperform standing connected Bajaj Finance with the people terms astatine Rs 1,200. Analysts said the NBFC major’s July-Sept 4th (Q2FY26) was a bully 4th crossed astir parameters, with cardinal fiscal metrics mostly successful enactment with estimates.
The company’s assets nether absorption maturation was mostly dependable astatine 24% connected the twelvemonth (YoY) with secured loans increasing faster than SME and two-wheeler loans. Also the company’s nett involvement borderline (NIM) was mostly stable, portion interest and different income were somewhat stronger than estimates. On the plus prime front, it was a mixed quarter. The company’s absorption continued to usher to 1.85-1.95% recognition outgo for the afloat year, but reduced its indebtedness maturation guidance to 22-23%.UBS has a neutral standing connected Voda Idea with the people terms astatine Rs 9.7. Analysts said the telecom services firm’s Q2FY26 was broadly successful enactment portion its marketplace stock nonaccomplishment continued astatine a slower gait compared to past year. They besides said Voda Idea’s nett nonaccomplishment astatine Rs 5,560 crore was little than our estimated nonaccomplishment of Rs 6,700 crore owed to little than expected involvement charges. Analysts are awaiting management’s commentary connected its ongoing capex and deployment, advancement connected the motorboat of 5G services, its planned indebtedness raise, further developments connected alleviation measures related to AGR / spectrum, and the wide outlook for the adjacent to mean term.
Jefferies has a bargain connected Syrma SGS Technology with the people terms astatine Rs 800. Analysts said the company’s Q2FY26 was an all-round bushed to the brokerage’s estimates. They said that aft 2 consecutive quarters of YoY income decline, the institution posted a beardown income maturation that was broad-based crossed cardinal merchandise segments. Each of its auto, user and healthcare income grew betwixt 25-35% YoY, whereas industrials posted muted maturation of 9%.
EBITDA borderline was steadfast yet again.Goldman Sachs has a bargain Solar Industries with the people terms astatine Rs 18,215. Analysts said the company’s Q2FY26 numbers were up of estimates. The institution announced its best-ever gross of Defense & International segments, some EBITDA roseate 24% YoY portion EBITDA borderline expanded. The institution had a capex of Rs 760 crore successful H1FY26 compared to Rs 1,010 crore successful FY25. They besides pointed retired that the company’s moving superior days expanded somewhat by end-Sept.
The institution has an orderbook of astir Rs 17,100 crore, of which astir Rs 15,500 crore is from the defence sector.Morgan Stanley maintained its equal-weight standing connected Britannia Inds with the people terms astatine Rs 5,469. Analysts said aft Varun Berry resigned arsenic its MD aft a 13-year tenure, Rakshit Hargave, who was to instrumentality implicit arsenic enforcement manager & CEO, volition present beryllium joining arsenic MD & CEO for a five-year term. The company’s committee remains assured that it tin attain caller heights nether the caller absorption team.Disclaimer: The opinions, analyses and recommendations expressed herein are those of brokerage and bash not bespeak the views of The Times of India. Always consult with a qualified concern advisor oregon fiscal planner earlier making immoderate concern decisions.
