December 7, 2022

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zomato: Sizzling Shares: International brokerages on Glenmark Lifestyles, Zomato and Hindustan Unilever

International brokerage company BofA Securities maintained a purchase on , Jefferies retained a purchase on , and JPMorgan maintained an obese score on Hindustan Unilever.

We’ve collated a listing of suggestions from most sensible brokerage corporations from ET NOW and different assets:

BofA Securities on Glenmark Lifestyles: Purchase| Goal Rs 560

BofA Securities maintained a purchase score on Glenmark Lifestyles with a goal worth of Rs 560. Sustainable enlargement drivers are in focal point.

Diversifying buyer base thru new addition and going ahead portfolio growth is the important thing to offset worth force, it mentioned.

“CDMO is the following enlargement lever. Along side that capability, growth is prone to support enlargement,” mentioned the be aware.

Jefferies on Zomato: Purchase| Goal Rs 100

Jefferies maintained a purchase score on Zomato with a goal worth of Rs 100. Zomato has noticed a up to date senior control departure. The control will have to now stability the expansion & margins, mentioned Jefferies.

JPMorgan on Hindustan Unilever: Obese| Goal Rs 2,800

JPMorgan maintained an obese score on Hindustan Unilever with a goal of Rs 2,800. The innovation focal point goes top class and virtual.

“The near-term outlook is of wary optimism. House care, hair care and tea stay the superstar performers,” mentioned the be aware.

Modest margins growth to reinforce double-digit EPS enlargement, it mentioned, including that there’s a important focal point on achieving best-in-class ESG metrics.

(Disclaimer: Suggestions, ideas, perspectives and evaluations given through the professionals are their very own. Those don’t constitute the perspectives of Financial Instances)