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Goldman Sachs initiated coverage on Varun Beverages with a 'buy' rating and a target price of Rs 600, highlighting strong execution and long-term growth potential in India's underpenetrated ready-to-drink market. The brokerage expects VBL to continue gaining market share, driven by leadership in fast-growing segments like energy and hydration drinks. Robust financials and a resilient distribution network further strengthen the growth outlook.
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In today's volatile market, wealth preservation is key for HNWIs. Anil Rego advises diversification across equities, fixed income, and alternatives to manage risks and capture growth. He suggests focusing on sectors like consumer discretionary and infrastructure, while maintaining a gold allocation for portfolio stability, but advises caution on increasing gold holdings immediately.
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Abhishek Gaoshinde offers cautious ratings for upcoming IPOs, citing concerns over debt repayment visibility for Aegis Vopak, limited financial history and valuation for Schloss, and working capital intensive business models for Prostarm and Scoda. He also highlights a potential conflict of interest for Aegis Vopak due to Aegis Logistics' similar business.
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