Kamal Ghorui
UBS has a neutral rating on Cipla with the target price cut to Rs 1,400, from Rs 1,750 earlier. Analysts said the company’s growth drivers are intact but supply headwinds weigh on near-term outlook. A healthy product pipeline to drive FY28 earnings for Cipla. However, there is a lack of near-term catalysts. They feel a healthy product pipeline to drive medium-term growth. They pointed out that there are near-term headwinds for Cipla with key product Lanreotide facing supply issues.Motilal Oswal Securities has initiated its coverage of Bajaj Finserv with a neutral rating and a target price of Rs 1,900. Analysts said in the lending business, the company provides the scale, profitability and about 11-crore customer base. The company remains the core value contributor, providing predictable earnings, strong return on equity (ROE) and sustained compounding.Jefferies has a buy rating on LG India with the target price at Rs 1,910. Analysts said that the initial summer trends were good. The company had a 7-9% price hikes in 3 & 5-star ACs in the Jan-March quarter (Q4FY26). Further hikes of 5-10% likely in April due to weak rupee, and higher raw material cost. While LPG shortage is a key industry risk, players are evaluating other fuel sources. LG India’s exports at 6% of sales, of which West Asia is a smaller part.Nomura has a buy rating on EClerx Services with the target price cut to Rs 2,200 from Rs 2,800. Analysts said that the company’s annual contract value was healthy and sales effectiveness was visible in deal wins and a robust pipeline. The company is aiming to reinvest margins while keeping the guidance band intact. The stock is trading at an attractive valuation of 14.6x FY28 earnings per share (EPS).CLSA has a high conviction outperform rating on Coforge with the target price at Rs 2,278. Analysts met the company’s CEO to discuss the latest AI narrative along with Coforge’s positioning. The CEO mentioned that AI is not going to be deflationary for service providers who have both domain and technical knowledge to build solutions around AI tools. Similar to hybrid cloud and SaaS managed services opportunities during the last decade, there will be a significant managed services opportunity around managing frontier models and orchestrating AI agents. The proof of pudding in case of Coforge would be visible in strong growth in NTM executable orderbook, revenue per employee and earnings before interest and taxes (EBIT) margins. The analysts reiterated their rating on a mid-teens US dollar revenue growth.JP Morgan has an overweight rating on United Spirits with the target price at Rs 1,565. The company announced full divestiture of its stake in Royal Challengers Sports for Rs 16,660 crore (Rs 230/share). Adjusted for tax it would accrue Rs 195-200/share against. This follows a strategic review of the entity announced on November 5, 2025, as the company aims to focus more sharply on its core alcoholic beverage business. The transaction is expected to be completed within 6 months, subject to necessary approvals.(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)
