Brokerages raise target prices for Eternal following first quarter earnings

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Written from the 2 reports below. Nothing here is unsourced.

Eternal and Mahindra & Mahindra Financial Services posted Q1 earnings that drew immediate analyst action: Morgan Stanley, Jefferies, Citi, and Nomura raised target prices on the names despite Eternal missing headline profit estimates.
For Mahindra Finance, the beat was driven by stronger-than-expected topline growth and materially lower credit costs, reinforcing confidence in asset-quality management.
Eternal's upgrades came even as profit fell short, suggesting brokerages are weighing underlying operating trends and credit-cycle positioning more than the statutory bottom line.
The coverage is uniform across Indian and global outlets, indicating consensus rather than contested narrative.
Investors should watch whether follow-through buying materializes in the stock price and whether Q2 data sustain the credit-cost improvement.
The broader read is that Indian financials are being rewarded for visible asset-quality improvement even if earnings prints are mixed.

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Named India · Blinkit · Citi · Eternal · Jefferies · Mahindra & Mahindra Financial Services · Morgan Stanley · Nomura

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