Bernstein maintained its ‘outperform’ call on Infosys with a target price of Rs 2,330 (+28%). Analysts said that during the Oct-Dec quarter, the company delivered another all-round beat across revenue, margin and earnings. Also, FY25 revenue growth guide was raised by 60 basis points to 4.5-5% ahead of street estimates. They continue to see upcycle in large cap IT services with the company delivering best earnings of season.
Morgan Stanley has an ‘overweight’ call on Reliance Industries with a target price of Rs 1,662 (+28%). Analysts feel the company is back on a growth path after six months of challenges. Oct-Dec quarter results had elements for stock to re-rate.
CLSA has an ‘outperform’ call on Axis Bank with a target price of Rs 1,400 (+41%). Analysts feel diring the Oct-Dec quarter, profit beat estimates by 5%, solely driven by lower expenses, while its topline missed slightly.
Emkay Global Financial Services upgraded SBI Life Insurance to ‘buy’ from ‘add’ with a revised target price of Rs 1,850 (+27%). Analysts believe the company delivered an impressive performance in the Oct-Dec quarter with growth rebound in the bancassurance channel. The life insurer’s growth and profitability trajectories look predictable.
Centrum Broking has given a ‘buy’ rating on LTIMindtree with a target price of Rs 7,188 (+22%). Analysts expect a sustained revenue growth momentum in the current quarter supported by ramp-up of recently signed deals, AI project deployments and revival of discretionary spending in the tech space. The deal pipeline remains strong, driven by cost optimization and vendor consolidation deals, providing medium-term visibility.
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