Morgan Stanley On Reliance Industries

Overweight Call, Target At `1,662/Sh

Co Has Made An Unexpected Acquisition Of A Stake In Helium Operations In US

Acquisition In US Is Small However It Highlights Co’s Strategic Initiatives

Co’s Strategic Initiative Is To Expand Into Low Carbon Solutions & Also Developing AI Supply Chain

Bernstein On Jubilant Food

Outperform Call, Target At `700/Sh

Jubilant Needs To Hit 3 Critical Things For `80,000 Cr Market Cap By FY30

Co’s Turkey Biz Needs To Deliver Nearly 12% Revenue CAGR & Nearly 15% Profit

The Sum Of CAGR And Profit For Turkey's Business Should Be 27%

Expect Dominos India Store Adds To Be A Key Revenue Driver

170 Dominos Store Adds/ Year Are Required To Get To Almost 3,100 Stores By 2030

The sum Of Dominos India LFL And Pre-Ind AS Corp EBITDA Should Be 19%

Goldman Sachs On CreditAccess

Downgrade To Sell, Target Cut To `564/Sh

Earnings Visibility Clouded Amid Asset Quality Concerns, De-rating Structural In Nature

Expect A Further Build-up Of Stress Due To Leveraging In the Industry & Across the Portfolio

One Of The Reasons For Stress Is Borrower Indebtedness That Is More Than `15,000 At 24%

Cut EPS By 40-51% For FY25-27 Driven By Lower Profitability On Higher Expected Credit Costs

Cut EPS Due To Slower Loan Growth, Lower Margin On Interest Income Reversals

Jefferies On Zomato

Buy Call, Target At `335/Sh

Co Has Unveiled 'District' App, One-stop Destination For Going-Out

Management Has Said That One-stop Destination Theme Is For Next Decade

Starting With Dining-Out & Ticketing, New Use Cases Will Emerge

Market Is Supply-Constrained, Which Means Opportunity

Morgan Stanley On Insurance Cos

Unanimous Feedback From Insurers Should Give Some Comfort To Investors

Investors Had A ‘No Smoke Without Fire’ Read-Through

Investors Felt That Insurers Were Also Optimistic About Surrender Value Regulations

Fin Minister & IRDAI Also Commented On Mis-selling Despite Declining Mis-selling Ratios

Clarification From IRDAI Is Important.

Regulation Capping Banca Mix Without Long Glide Path Could Slow Down Ind Premium Growth

Regulator Will Not Want to Slow Down Ind Premium Growth

Equal-Weight Call For ICICI Pru May Be Perceived Better Vs SBI Life & HDFC Life

Overweight Call For Both SBI Life & HDFC Life Near-term

Expect Increased Aggression In Non-bank Channels

HSBC On Hospitals

Buy Call On Apollo Hospitals, Target At `8,220/Sh

Buy Call On KIMS, Target At `670/Sh

Buy Call On Rainbow Medi, Target Raised To `1,800/Sh

Buy Call On Aster DM, Target Raised To `550/Sh

Expect 2025 To Be Imp For Bed Additions, With 7 Covered Hosps Adding 40% Of Total Planned Beds

Expect Strong Rev Growth To Continue In 2025, Albeit With A Minor Drag On EBITDA Margin