Goldman Sachs has downgraded CreditAccess to a 'Sell' rating, lowering the target price to ₹564 per share due to concerns over earnings visibility caused by asset quality issues. They believe there is a structural de-rating happening.
Morgan Stanley, on the other hand, maintains an 'Overweight' rating on Reliance Industries with a target price of ₹1,662 per share. Reliance Industries has recently acquired a stake in helium operations in the USA, which aligns with their efforts to expand into low carbon solutions and develop an AI supply chain.
Bernstein has issued an 'Outperform' rating for Jubilant Food, setting a target price of ₹700 per share. They emphasize the need for Jubilant Food's Turkey business to achieve nearly 12% revenue CAGR and approximately 15% profit in order to reach an ₹80,000 crore market cap by FY30. Additionally, they highlight the expansion plans of Domino's India, which aims to open 170 new stores annually and reach a total of 3,100 stores by 2030, contributing significantly to revenue growth.