Analysts Maintain Positive Outlook on Bharti Airtel, Titan, Ambuja Cements, Ajanta Pharma; Westlife Foodworld Faces Headwinds

Analysts are closely watching the performance of several Indian companies following their July-September quarter (Q2FY26) results. Citigroup reiterated a 'buy' rating on Bharti Airtel with a target price of Rs 2,225, highlighting steady growth in India mobile, homes, and business segments, with improved Average Revenue Per User (ARPU) offsetting slightly lower subscriber additions. Homes segment revenue and EBITDA grew by approximately 8.5%, exceeding estimates.

Nomura maintained a 'buy' rating on Titan Company, setting a target price of Rs 4,275. Despite slightly lower year-on-year margins, strong festive demand is expected to boost future performance. Jewellery sales were in line, while watches and eyecare showed growth, and emerging businesses reported a 34% year-on-year sales increase.

Morgan Stanley rated Ambuja Cements 'overweight' with a target price of Rs 650. The company's revenues were in line, with EBITDA per ton exceeding brokerage estimates. Ambuja Cements also raised its FY28 capacity target from 140 million tons to 155 million tons, driven by debottlenecking.

Macquarie maintained an 'outperform' rating on Westlife Foodworld with a target price of Rs 750. However, Q2FY26 EBITDA was below estimates, and concerns remain about limited signs of industry recovery despite company investments in growth.

Jefferies upgraded Ajanta Pharma's stock, reiterating a 'buy' rating with an increased target price of Rs 3,320. The company's September quarter numbers beat estimates, with strong outlooks for the USA and Africa. Analysts project an EBITDA margin of 27% due to ongoing investments.

Impact: These analyst ratings and performance updates can significantly influence investor sentiment and stock prices for the mentioned companies, potentially driving short-term trading activity and affecting broader sector performance. Analyst upgrades and positive earnings often lead to increased buying pressure, while missed expectations can trigger sell-offs. Impact Rating: 7/10

Difficult Terms: EBITDA: Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a profitability metric. ARPU: Average Revenue Per User. It measures the average revenue generated from each mobile subscriber. QoQ: Quarter-over-Quarter. A comparison of financial results from one quarter to the next. YoY: Year-over-Year. A comparison of financial results from a given period to the same period in the previous year. Debottlenecking: A process to increase the capacity or efficiency of a system by removing limiting factors or bottlenecks.