Axis Securities Downgrades Hindustan Unilever

Axis Securities has revised its rating on Hindustan Unilever to 'hold', setting a target price of Rs 2,520, indicating an 8% upside. The brokerage cites near-term challenges such as subdued urban demand, heightened competition, and raw material price volatility as factors likely to impact the company's volume growth and margins. Despite these hurdles, HUL's long-term growth outlook remains robust.

Emkay Global Maintains 'Sell' on Dr Reddy’s Laboratories

Emkay Global Financial Services reaffirms its 'sell' stance on Dr Reddy’s Laboratories with a target price of Rs 1,150, suggesting an 11% downside. The firm's adjusted earnings for the Oct-Dec quarter fell short of both street and Emkay's expectations, even after accounting for a milestone payment from Journey Medical Corp. The brokerage continues to hold a conservative view on the company's earnings potential.

BNP Paribas Upbeat on HDFC Bank

BNP Paribas India has an 'outperform' rating on HDFC Bank, with a target price of Rs 2,250, projecting a 35% increase. The bank's stock is highlighted as the brokerage's top pick in the banking sector, with analysts optimistic about the delayed benefits of FD repricing and a potential loan-mix shift. The current valuation is seen as an attractive entry point for investors.

Prabhudas Lilladher Cautious on Persistent Systems

Prabhudas Lilladher advises a 'hold' on Persistent Systems, setting a target price of Rs 5,970, indicating a 5% downside. The company's resilience is attributed to its unique value proposition and strong presence in regulated sectors. However, the current valuation is considered expensive, with all positive factors already priced in.

Centrum Broking Recommends 'Buy' on Nuvoco Vistas Corp

Centrum Broking endorses a 'buy' for Nuvoco Vistas Corp with a target price of Rs 472, suggesting a 33% upside. Despite a weaker set of financials in the Oct-Dec quarter, characterized by prioritizing volume over value, the company's strong volume growth compared to the industry average is noted as a positive sign.