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Zomato, HUL and more: Tuesday's top brokerage calls
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Zomato, HUL and more: Tuesday's top brokerage calls
Sep 11, 2023 10:47 PM

Cement | Nomura says another price hike in East India is in effect from September 11. It adds Nuvoco and Dalmia will benefit the most because they have the highest exposure in the region.

Cement | CLSA says cement companies witnessed a continuation of strength in demand in July and August, helped by relatively drier weather. It says it expects the demand momentum to continue.

HUL | Macquarie has maintained an 'outperform' rating on HUL with a target of Rs 2,950 per share. It believes the festive demand and steady moderation of price cuts should aid volumes in the second half for HUL.

HUL | Nomura has maintained a 'buy' rating on HUL with a target of Rs 2.950 per share. It says it expects a weak second quarter for the company as demand is unchanged with limited signs of improvement.

Zomato | Bernstein has maintained an 'outperform' rating on Zomato with a target of Rs 120 per share. it says the company's strong execution and profit has reinforced investor confidence.

HUL | UBS has maintained a 'neutral' rating on HUL with a target of Rs 2,860 per share. It says the company may continue price cuts to retain volumes.

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