Goldman Sachs has raised its target price on PhysicsWallah while maintaining a 'Neutral' rating on the stock. According to reports from The Economic Times, the brokerage's decision reflects a balanced assessment of the company's performance, with the firm citing strong revenue growth as a positive factor. However, Goldman Sachs also highlighted uncertainties surrounding the company's NBFC strategy as a key concern that offsets the growth potential. The rating update comes as part of broader brokerage sentiment analysis following recent earnings updates and management commentaries.
Choice Institutional Equities has retained its 'Buy' rating on Gulf Oil with a revised target price of ₹1,525, representing a 55.64% upside from current market levels. Following the company's Q4 FY26 results announcement, Gulf Oil shares climbed as much as 5.34% to ₹979.8 on the NSE, demonstrating strong investor confidence in the lubricants manufacturer's performance. According to the latest financial data, revenue from operations grew 10.76% to ₹1,055.26 crore in Q4 FY26 compared to ₹952.74 crore in the previous year, while FY26 revenue increased 11.70% to ₹4,056.04 crore. Choice Institutional Equities values the company using a DCF framework with a PE multiple of 12.9x/11.0x on FY28E/FY29E EPS, highlighting the stock's attractive valuation despite the brokerage's conservative assumptions.
Goldman Sachs has maintained its 'Buy' rating on Astra Microwave with a positive outlook on the stock. As reported by The Economic Times, the brokerage's continued bullish stance is based on the company's transition towards an IP-driven systems manufacturer and robust opportunities in defence and space sectors. This strategic shift positions Astra Microwave for long-term growth in high-demand defence and aerospace applications. The rating maintains its constructive outlook despite broader market concerns about valuations across several sectors.
According to Choice Institutional Equities, Gulf Oil is strategically shifting its product portfolio towards high-margin premium segments to drive volume growth and protect profitability simultaneously. The company continues to expand across 12 of its 15 operating segments, gaining market share at nearly 2-3 times the average industry growth rate of 3-4%. Choice notes that Gulf Oil is leveraging its brand strength in higher B2C business, which magnifies the impact of advertising and promotional expenses compared to B2B business. The brokerage also highlighted Gulf Oil's proactive currency risk management and favourable industry pricing environment that allows timely price hikes to safeguard margins. Additionally, the company has reinforced its strategic entry into the EV supply chain by increasing its stake from 51% to 65% during FY26, investing ₹38 crore in Tirex, which gained a 35-40% share of the new DC chargers market in the electric bus segment.
