Vodafone Idea target price: For BofA Securities, VIL is not a Buy as it is further awaiting clarity on funding position improvement post FY26 as the spectrum moratorium ends.
RIL: Jefferies said Q4 numbers for O2C and Reliance Jio were ahead of its estimates but retail segment missed estimates. It said Reliance Retail's growth was soft but balance sheet improved, aided by capital raise, asset divestiture.
Reliance Industries strength lies in its ability to build businesses on a global scale and execute complex, time-critical, and capital-intensive projects, said Nuvama.