Domestic brokerage HDFC Securities is bullish on Jyothy Labs and has initiated coverage on the FMCG stock as a ‘high conviction’ buy idea over strong volume growth prospects and robust profit over the next three years. The brokerage has set the target price at ₹575 against a current market price […]
hdfc securities top stock recommendations
The Indian stock market indices, Sensex and Nifty 50, are trading flat with a negative bias on Tuesday dragged by selling in banks, realty and energy stocks. Broader markets underperformed the frontliners as the midcap and smallcap indices were down more than half a percent each. The benchmark Nifty 50 […]
The industry saw some growth impact during COVID in FY21 as it grew 10% YoY to ₹8 lakh crore and subsequently a bounce-back in FY22, growing 15% YoY to ₹9.2 lakh crore, and normalized growth in FY23 at 15% YoY to ₹10 lakh crore. Going ahead, key structural drivers such […]