NDTV Profit reported divergent brokerage ratings after Indian companies' second-quarter fiscal 2027 results, with Eternal drawing Buy and Underperform views and SRF receiving Hold, Underweight and Sell calls despite both reporting year-over-year growth.
Eternal reported consolidated adjusted revenue of ₹24,621 crore for the quarter ended Sept. 30, up 76% year over year. Adjusted EBITDA rose 197% to ₹666 crore. Management raised Blinkit's store target to more than 3,500 by March 2027, from 3,000.
In its Oct. 22 roundup, NDTV Profit said UBS, Jefferies and Citi maintained Buy ratings on Eternal, with targets of ₹390, ₹430 and ₹385, respectively. Macquarie retained an Underperform rating and a ₹225 target.
SRF reported consolidated revenue of ₹4,904 crore, up 35%. Operational EBIT increased 26% to ₹816 crore, and net profit rose 31% to ₹509 crore. NDTV Profit said Jefferies maintained Hold at ₹2,540, Morgan Stanley kept Underweight at ₹2,260 and UBS retained Sell at ₹2,300. SRF said its specialty chemicals business faced shifts in global pricing and excess capacity in China.
Vishal Mega Mart's revenue from operations grew 14% to ₹3,398.5 crore, while same-store sales increased 5.4%. The company said the festival calendar left some Puja and Dussehra purchases for the third quarter. It estimated same-store sales growth would have been about 9% without the timing effect, a difference of three to four percentage points. NDTV Profit reported that Jefferies cut its target to ₹130 from ₹160 but kept Buy, while Morgan Stanley maintained Overweight at ₹146.
NDTV Profit also listed Overweight ratings on Adani Green from Cantor, with a ₹1,553 target, and Morgan Stanley, with a ₹1,525 target. Adani Green reported that power-supply revenue rose 45% to ₹4,019 crore and power-supply EBITDA increased 51% to ₹3,835 crore.
Mahindra Finance reported standalone net profit of ₹882 crore, up 55%. NDTV Profit said Citi kept Buy but lowered its target to ₹420 from ₹440, while Jefferies maintained Hold and cut its target to ₹330 from ₹365. For The Indian Hotels Company, management raised consolidated fiscal 2027 revenue-growth guidance to 15%–17%, from 12%–14%. NDTV Profit reported that Jefferies maintained Buy and raised its target to ₹900 from ₹875.
Adani Green's investor calendar tentatively lists Jan. 20, 2027, for a meeting on its third-quarter fiscal 2027 results; the company says the schedule may change.
