Hot stocks: Brokerage view on Marico, Maruti, CONCOR and Cipla
Marico, while JP Morgan has retained its neutral view on CONCOR. Meanwhile, UBS has buy ratings on both Maruti and Cipla.
We have collated a list of recommendations from top brokerage firms from ET Now and other sources:
Nomura on Marico: Buy | Target price: Rs 760
Nomura has maintained a buy rating on Marico and has cut the target price to Rs 760 from Rs 780.
The firm described Marico’s results as a silver lining amidst a gloomy quarter, noting that demand improved and there was no impact from weakness in urban areas, as the company caters to both premium and mass markets. Sharp price hikes have improved the growth outlook. The Foods, Premium Personal Care, and Digital brands showed a healthy growth trajectory.
UBS on Maruti: Buy | Target price: Rs 14,800
UBS has maintained a buy rating on Maruti while cutting the target price to Rs 14,800 from Rs 15,200.
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