Jefferies Reaffirms Buy Ratings on Three Companies

Jefferies, a brokerage firm, has kept its 'Buy' ratings on three companies: Reliance Industries, UltraTech Cement, and Poonawalla Fincorp.

They think these companies have room to grow, even though they have different business trends.

Jefferies raised the target prices for Reliance Industries and Poonawalla Fincorp, and made a small increase for UltraTech Cement.

Reliance Industries did well in upstream operations but had a weak retail business.

UltraTech Cement had strong volume growth and better pricing.

Poonawalla Fincorp had good loan growth and improving profitability.

Jefferies believes these companies have good long-term potential.