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Bloomberg Quint
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Stock Recommendations Today: Vishal Mega Mart, IT, Consumer Stocks On Brokerages' Radar
- Brokerages provided contrasting views on Vishal Mega Mart Ltd., with Jefferies optimistic about its growth potential in tier-2 cities while Bernstein expressed caution regarding margin concerns and competition.
- In the IT sector, Jefferies downgraded Tata Consultancy Services but maintained a 'buy' rating on Infosys, Coforge, and Sagility. UBS highlighted concerns about macro factors impacting near-term performance.
- BofA's recommendations in the consumer sector included adjusted target prices for various companies like ITC, Titan Co., and Asian Paints, based on performance expectations and market trends.
- Morgan Stanley's analysis projected declines in profit due to revenue and margin challenges, while UBS emphasized the importance of understanding sector-specific factors impacting NBFCs in the market.
- Goldman Sachs forecasted a decline in Brent and WTI crude oil prices, while Citi provided insights on banks' exposure to different sectors, indicating varied impacts across banking institutions.
- Macquarie and JPMorgan shared their perspectives on Info Edge, highlighting billings performance and future growth concerns, with UBS offering insights on the auto sector and recommended buying opportunities.
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