Credit Suisse on L&T: Outperform| Target Rs 2250 Credit Suisse maintained an outperform rating on L&T post September quarter results with a target price of Rs 2250. Stronger traction on domestic execution and inflows bode well, it said. EBITDA margins were flat at the consolidated level.

aditya-birla

CLSA on Tata Steel Downgrade to Sell| Target Rs 90


CLSA downgraded Tata Steel to sell with a target price of Rs 90 as Q2 results were below estimates. Profitability dropped sharply both in India and in Europe, it said. The global investment bank slashed FY23-25CL EBITDA by 18-25% on lower profitability Morgan Stanley on Aditya Birla Capital: Overweight| Target Rs 150 Morgan Stanley maintained an overweight rating on Aditya Birla Capital with a target price of Rs 150. The stock is on the path to becoming a steady compounder. Profitability across ABCL’s businesses has been improving which is a positive sign, it said. The global investment bank expects consolidated ROE to surpass 15% in FY25. It slashed forecasts but raised the price target.