Goldman Sachs has downgraded Indian equities to ‘market weight’ from ‘overweight’, citing slower earnings growth and crude price concerns. The brokerage cut its Nifty 12-month target to 25,900, anticipating downside risks in the next 3-6 months due to unpriced earnings cuts. Despite recent gains, Goldman remains overweight on select sectors but downgraded cyclicals and downstream industries.
Varun Beverages Q3 net profit rises 13% YoY, but margins fall
Varun Beverages recorded a substantial net profit increase of 13.5% for the quarter ending September 2026. Although there was strong revenue growth attributed to both