Goldman Sachs Recommends 'Buy' on TCS Despite Target Price Cut

Following TCS's Jan-March results, Goldman Sachs has issued a 'buy' recommendation, albeit with a reduced target price of Rs 3,960. Analysts noted that both revenue growth and EBIT margins slightly missed expectations, pointing to an uncertain growth outlook due to flat headcount and deferred wage hikes.

JP Morgan Stays 'Overweight' on Tata Steel

JP Morgan maintains its 'overweight' rating on Tata Steel, setting a target price of Rs 180. The brokerage highlights the company's Netherlands transformation program, aiming for significant cost savings, as a positive move amidst challenging macroeconomic conditions.

Motilal Oswal Upgrades Indigo to 'Buy'

Motilal Oswal Financial Services has upgraded Interglobe Aviation (Indigo) to 'buy', with a target price of Rs 5,550. Analysts cite favorable domestic demand and stable Brent crude prices as key factors supporting this upgrade.

Investec's 'Buy' Call on Sun Pharmaceuticals

Investec continues to recommend a 'buy' on Sun Pharmaceuticals, with a target price of Rs 1,980. The recent lifting of a preliminary injunction on Leqselvi's launch in the US is seen as a positive development, despite ongoing legal challenges.

Kotak Downgrades Muthoot Finance

Kotak Institutional Equities has downgraded Muthoot Finance to 'add' from 'buy', reducing the target price to Rs 2,250. The adjustment follows RBI's draft guidelines on gold loans, which may impact the company's growth and margins.

Disclaimer: The opinions and recommendations are those of the respective brokerages and do not reflect the views of The Times of India. Always consult with a qualified advisor before making investment decisions.