Buy, Sell or Hold: Nuvama maintains a hold rating on Vodafone Idea & Reduce rating on Bata India post Q4 results

Brokerages issued mixed post-earnings calls: Nuvama kept a ‘Hold’ on Vodafone Idea, citing subdued growth and balance sheet stress, while slashing its target. Bata India was downgraded to ‘Reduce’ amid persistent weakness and lack of turnaround. Antique remained bullish on Titagarh Rail Systems, supported by strong order flow and robust passenger segment growth, despite minor earnings estimate cuts.