A packed earnings day awaits Dalal Street, with **68 companies including state-owned Coal India, power major Tata Power, defence major Bharat Electronics, FMCG giant Godfrey Phillips, IT services company Coforge, and banking leader Canara Bank set to announce their Q1 FY27 results today. Key earnings to watch also include those of Indus Towers, Tata Chemicals, HUDCO, Happiest Minds Technologies, and several other companies across sectors. Two Adani Group companies—Adani Green Energy and Adani Power—will be in focus as they announce their Q1 results today. Other prominent companies feature Aeroflex Industries, Aurionpro Solutions, Balaji Amines, Capri Global Capital, Gravita India, Home First Finance Company, IFB Agro Industries, Sigachi Industries, Supreme Petrochem, Tamilnad Mercantile Bank, Sumitomo Chemical India, and Usha Martin. Recently listed Waterways Leisure Tourism, the operator of the Cordelia Cruises brand, is also scheduled to announce its maiden quarterly results as a listed company, alongside Aye Finance and several other firms.
Jefferies maintained its Hold rating on Nestle while raising the target price to ₹1,425 from ₹1,325, citing another blockbuster quarter with broad-based performance across categories and channels. However, the brokerage noted that growth rates should taper off from H2FY27, with the stock trading at 70x 1Y P/E leaving limited room for error. Macquarie also maintained Neutral but increased its target to ₹1,575 from ₹1,400, highlighting Q1 sales strength and gross margin beat driven by continued strength in high-margin infant nutrition sales.
BofA maintained its Buy rating but cut the target price to ₹1,480 from ₹1,500, acknowledging weak Q1 results due to lower US sales and semaglutide API impact. Citi maintained Sell with a reduced target of ₹1,040 from ₹1,070, cutting FY27/28E EPS estimates by 24%/8% respectively. Jefferies maintained Underperform with a target of ₹1,040, expecting better margins in H2FY27 despite Q1 results missing estimates due to weak US performance and higher raw material costs.
MS maintained Overweight with a raised target of ₹373 from ₹347, citing steady momentum in food delivery and quick commerce with NOV growth expected to continue. Citi also maintained Buy with a higher target of ₹385 from ₹360, noting Eternal's solidifying leadership position in quick commerce with structural advantages. Jefferies maintained Buy with a target of ₹415 from ₹400, highlighting quality growth over chasing market share and Blinkit's strategy to avoid short-term discounting.
Indian equity benchmarks snapped a five-session losing streak on Monday, with the Sensex surging 637 points to 76,696 and the Nifty 50 climbing 197 points to 23,965 in early trade. The rally added nearly ₹4 lakh crore to the combined market capitalisation of all BSE-listed companies, taking it to around ₹479 lakh crore. The positive momentum was driven by easing geopolitical tensions in the Middle East, falling crude oil prices, and other positive global cues that lifted investor sentiment. According to Goldman Sachs, lower commodity prices, stable currency, resilient domestic growth, healthy second-quarter earnings expectations, and potential recovery in select domestic sectors have strengthened the outlook for Indian equities.
