Overview

• B&K Securities initiated coverage on Dixon Technologies with a buy rating and a ₹18,946 target, forecasting a 42% revenue CAGR and 69% profit CAGR through FY27E while expecting roughly 30% RoCE.
• Jefferies upheld a buy rating on IndusInd Bank with a ₹920 target after Q1 showed a 3% sequential loan decline, manageable deposit outflows and the removal of a negative credit watch.
• UBS reaffirmed a buy on Hindustan Unilever at a ₹2,800 target, citing its dominant scale and potential for a second-half rebound following mixed consumer demand in the quarter.
• Nomura maintained a buy on Dabur at a ₹550 target, noting underperformance versus peers, flattish EBITDA guidance and seasonal pressures on healthcare and beverages portfolios.
• Goldman Sachs retained a neutral stance on BSE with a ₹2,300 target, projecting cash equity market share to rise to about 7.4% over the medium term despite muted trading volumes.