Goldman Sachs has a Sell rating on Avenue Supermarts with a target price of Rs 4,050, citing growth slowdowns linked to Q-Commerce and a 2% cut in FY26/27 EPS estimates. Macquarie maintains an Outperform rating at Rs 5,600, noting moderated sales growth and below-estimate store additions. Morgan Stanley holds an Overweight rating on M&M (target price Rs 3,304), expecting the Thar’s monthly run rate to rise to 8,000-10,000 units.
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