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UBS has a ‘neutral’ rating on SBI with the target price at Rs 840. Analysts said the bank’s management has cut loan growth guidance and they feel net interest margin to be under pressure in the near term. However, UBS has kept its EPS estimates largely unchanged for FY26 and FY27.
CLSA has downgraded Kotak Mahindra Bank to ‘hold’ from ‘outperform’ but raised the target price to Rs 2,225 from Rs 2,125. Analysts said the bank had a mixed set of numbers in the Jan-March quarter. It missed CLSA’s pre-provision operating profit estimate, driven by lower net interest income and higher opex. They also said credit costs were higher as the bank strengthened its provision coverage ratio while loan growth moderated to low-teens.
Jefferies has maintained its ‘hold’ rating on Avenue Supermart (D-Mart) with the target price cut to Rs 4,100 from Rs 4,225 earlier. Analysts said D-Mart’s margin slippage came as a big negative surprise, with the management attributing the same to high competition.
Prabhudas Lilladher has given a ‘reduce’ rating on Indian Oil Corp with the target price at Rs 122. Analysts said although a strong gross refining margin (GRM) during the Jan-March quarter drove its earnings, the average Singapore GRM continues to remain weak at $3/barrel and the company is likely to report inventory losses amid sharp decline in Brent prices. Petchem weakness is also likely to persist and the company has indicated an under-recovery of Rs170/cylinder in April-June quarter on LPG.
InCred Equities has retained its ‘reduce’ rating on JSW Steel with the target price at Rs 766. Analysts said the Supreme Court’s ruling last week ordering the liquidation of Bhushan
Power & Steel (BPSL) has cast a shadow of uncertainty on the steel maker. They said JSW Steel’s earnings projections for FY26–27 appear to be overly optimistic. The stock is trading at an unrealistic valuation (trading at a near 18-year high on EV/EBITDA basis).
Disclaimer: The opinions, analyses and recommendations expressed herein are those of brokerage and do not reflect the views of The Times of India. Always consult with a qualified investment advisor or financial planner before making any investment decisions.
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Designing Thug Life: Amritha Ram on Styling Kamal Haasan
Costume design in Indian cinema often dances between fantasy and realism. But in Thug Life, Amritha Ram collaborates with cinematic icons Kamal Haasan and Mani Ratnam to craft a fashion-forward yet character-driven wardrobe that breaks norms. In an exclusive with ETimes, Amritha reveals how meticulous planning, storytelling, and visual language drove her designs. Tip 1: Collaboration Is the Key to Vision When asked what excited her most about working on Thug Life, Amritha simply said, “Two names: Kamal Haasan and Mani Ratnam.” The sheer reputation of these legends shaped her approach. Mani Ratnam was clear about the film’s visual tone—stripping away Bollywood glamor for something minimalistic yet powerful. “Mani sir guided me all the way. He knew exactly what he wanted,” she shared. Working with Kamal, who understands fabric, dyeing, and even costume history, was a learning curve. His feedback […]
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Designing Thug Life: Amritha Ram on Styling Kamal Haasan
Costume design in Indian cinema often dances between fantasy and realism. But in Thug Life, Amritha Ram collaborates with cinematic icons Kamal Haasan and Mani Ratnam to craft a fashion-forward yet character-driven wardrobe that breaks norms. In an exclusive with ETimes, Amritha reveals how meticulous planning, storytelling, and visual language drove her designs. Tip 1: Collaboration Is the Key to Vision When asked what excited her most about working on Thug Life, Amritha simply said, “Two names: Kamal Haasan and Mani Ratnam.” The sheer reputation of these legends shaped her approach. Mani Ratnam was clear about the film’s visual tone—stripping away Bollywood glamor for something minimalistic yet powerful. “Mani sir guided me all the way. He knew exactly what he wanted,” she shared. Working with Kamal, who understands fabric, dyeing, and even costume history, was a learning curve. His feedback […]
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[ad_1] In a groundbreaking discovery, researchers have uncovered 160-million-year-old blue-stain fungi fossils from the Jurassic Tiaojishan Formation in China. The new findings offer fresh insights into the ecological relationships between blue-stain fungi, plants, and insects during the Jurassic period. These fungi are generally nonfatal to their hosts but often accelerate tree mortality when associated with wood-boring insects.According to ScienceDaily, a Chinese team of scientists highlights the discovery of well-preserved blue-stain fungal hyphae within Jurassic fossil wood from northeastern China, pushing back the earliest known fossil record of this fungal group by approximately 80 million years.Know about the blue-stain fungi, deadly to treesBlue-stain fungi are known for their ability to colonize wood, particularly in conifer trees, causing characteristic discoloration in the sapwood. While these fungi do not decompose wood, they often cause considerable damage when associated with wood-boring insects. Their role […]
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[ad_1] Multiple Waymo taxis burn near the Metropolitan Detention Center of downtown Los Angeles, following last night's immigration raid protest. (Video credit: X) For the third night in a row, downtown Los Angeles became the epicentre of chaos and confrontation as protests against US President Donald Trump's immigration crackdown boiled over into violence, with police deploying tear gas, rubber bullets, and flashbangs to subdue demonstrators. Protesters set self-driving cars ablaze, blocked the 101 freeway, and clashed with law enforcement late into Sunday night, leaving parts of the city scorched and on edge.The flashpoint came after Trump took the extraordinary step of deploying the National Guard to California without the consent of the state's governor, an act not seen in decades. More than 300 troops arrived over the weekend, with 2,000 authorised and 500 US Marines on standby.Meanwhile, California governor Gavin […]
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