Hot Stocks: Brokerage view on Tata Consumer, Varun Beverages and Mankind Pharma
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Brokerage firm Motilal Oswal initiated coverage on Mankind Pharma, Jefferies has a buy rating on Nykaa and Morgan Stanley recommended an overweight stance on Tata Consumer and Varun Beverages. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Motilal Oswal on Mankind Pharma: Buy| Target Rs 2650 Motilal Oswal initiated coverage on Mankind Pharma with a buy rating and a target of Rs 2,650. The company is working on multiple levers to boost growth over the next three to five years. The company is increasing the scope of business in chronic therapies. It is enhancing its presence in metro/Tier-l cities. The brokerage firm expects a 16% earnings CAGR for Mankind over FY24-27. Jefferies on NYKAA: Buy| Target Rs 220 Jefferies maintained a buy rating on NYKAA with a target price of Rs 220. The beauty and personal care segment (BPC) offers significant growth headroom.An increase in user awareness sho...