Aarti Industries while Goldman Sachs has a neutral rating on Britannia. Meanwhile, JP Morgan has overweight ratings on LIC and Hindalco.
Nuvama has maintained a buy rating on the stock but cut the target price to Rs 600 vs Rs 903 earlier.
The company posted disappointing Q2FY25 results and a sharp dip in the margins of its key product — MMA. Lower utilization was also witnessed amid a higher channel inventory. Adverse industry dynamics coupled with margin pressure in its key product were seen.
In light of its recent correction, Nuvama retained its buy rating as the stock offers valuation comfort.
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