ITC Hotels shares may rally by 30% led by strong franchise: Jefferies

ITC Hotels: Jefferies initiated coverage on ITC Hotels (ITCH) with a ‘buy’ rating and a target price of Rs 240, citing strong growth potential. It projects a 16%/19% CAGR in EBITDA/PAT over FY24-FY27e and expects occupancy in India to rise to 75% by FY27. ITCH’s debt-free balance sheet and strategic expansion plans support long-term growth, […]

D-Mart and Trent to outperform amidst India’s changing consumption landscape: Jignanshu Gor

Jignanshu Gor, from Bernstein India, shares insights on retail and restaurant stocks, highlighting an outperform rating on D-Mart, Trent, Jubilant, and Devyani. He explains the need for continuous innovation in FMCG and the growing impact of quick commerce. Gor emphasizes evaluating brands versus channels and highlights the current growth in apparel, groceries, and beauty products.

SAIL shares jump over 3% after Q3 PAT falls 66% YoY

SAIL’s shares surged 3.5% to Rs 103.65 on BSE post-Q3FY25 results showing a 66% YoY drop in net profit to Rs 142 crore. The revenue from operations increased 5% to Rs 24,490 crore. EBITDA improved slightly to Rs 2,389 crore, though PAT fell 84% versus Q2FY25.