Goldman Sachs Recommends 'Buy' on Trent

Goldman Sachs has issued a 'buy' recommendation for Trent, setting a target price of Rs 8,120. Analysts highlight a significant positive surprise in Zudio's store additions during the Jan-Mar quarter, suggesting that accelerated store additions in FY25 could boost investor confidence. They believe Zudio has substantial growth potential in both store penetration and value market share.

JP Morgan's 'Overweight' Rating on Hindalco

JP Morgan advises an 'overweight' stance on Hindalco, with a target price of Rs 670. The firm's aluminum smelter expansion is underway, with additional projects being considered to potentially increase total capacity to over 2 million tonnes annually in the long term. Expansion projects, including an alumina refinery and copper smelter, are also in progress.

HDFC Securities Suggests 'Add' for Nykaa

HDFC Securities has an 'add' rating on FSN E-commerce Ventures (Nykaa), targeting Rs 180. Nykaa is recognized as an efficient online business, though its fashion segment is still evolving. After a two-year correction, the company's valuations now appear more attractive.

Nuvama Upgrades Star Health to 'Buy'

Nuvama Institutional Equities has upgraded Star Health & Allied Insurance to a 'buy', with a target price of Rs 440. The company is adjusting its retail portfolio and selectively underwriting group business to enhance loss ratios. Steady growth in fresh retail business is anticipated to improve premium renewal ratios, with Star Health maintaining a competitive edge through a lower expense of management ratio.

Bajaj Broking's 'Buy' Call on Zaggle

Bajaj Broking recommends a 'buy' on Zaggle Prepaid Ocean Services, with a target of Rs 456. Positioned in India's booming fintech sector, Zaggle benefits from strong banking partnerships and a diversified revenue model. The company aims for 58-63% revenue growth, driven by corporate adoption, targeting a 15-16% EBITDA margin within four years.