Kamal Ghorui
Kotak Securities has an add rating on Punjab National Bank (PNB) with the target price at Rs 125, down from the earlier target of Rs 140. Analysts said that in the Jan-March quarter (Q4FY26), the lender had shown steady profitability overall with the return on equity (RoE) supported by low credit costs and decline in retirement-related provisions. The bank’s asset quality remained stable while its high provision coverage ratio (PCR) ensured low ongoing credit costs. However, the bank’s core profitability remained weaker than peers, they said.Jefferies has a buy on Marico with the target price at Rs 960, up from the earlier target of Rs 900. Analysts said that the company is a consistent compounder and in Q4FY26 it delivered yet again. The management sounded fairly confident about its outlook. The company expects its earnings before interest, taxes, depreciation, and amortisation (EBITDA) growth in FY27 to be in the high teens and mid-teens through FY30. The management believes internals are in place, with external factors the only concern, analysts said.Nomura has a buy on Aadhar Housing with the target price at Rs 615. Analysts said the company has been delivering consistently on its guidance. The management maintains 20% annual (YoY) growth guidance for assets under management (AUM) and net profit in FY27. In Q4FY26 its net profit growth of 27% YoY was led by 20% AUM growth and opex moderation. For FY27, the company has given a growth guidance of 20% YoY for AUM and net profit, and feels there’s no impact from the West Asia war on its operations yet.Goldman Sachs has a buy rating on KEI Industries with the target price at Rs 5,005, up from the earlier target of Rs 4,585. Analysts said the new capacity ramp-up to drive the company’s FY27 growth faster than peers. The company’s end-market demand remains resilient amid capex. It’s showing faster growth than the industry leader in the medium term to justify premium valuations.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)
