Hot Stocks: Brokerage views on Arvind, Colgate, Nestle India and Ugro Capital
Arvind with a buy rating, HSBC upgraded Colgate Palmolive India to a buy from hold earlier while it downgraded Nestle India to hold. Centrum Institutional Research initiated coverage on Ugro Capital with a buy rating.
We have collated a list of recommendations from top brokerage firms from ETNow and other sources:
SPARK on Arvind: Buy| Target Rs 352
SPARK initiated coverage on Arvind with a target price of Rs 352.
The company has undergone several transformations in its textile business.
Turnaround efforts are paying off. Change in the segment mix and operational leverage should lead to ~18% EBITDA CAGR.
Lower interest costs on the back of debt repayment will likely result in ~31% earnings CAGR over FY24-26.
HSBC on Consumer: Colgate Palmolive & Nestle India
HSBC upgraded Colgate Palmolive India to a buy-from hold earlier and raised the target price to Rs 2650 from Rs 2100 earlier.
The global investment bank downgraded Nestle India to hold from buy earlier but raised the target price to Rs 25200 from Rs 23600 earlier.
Pricing power is key as competition increases across a range of categories.
