Posted on by Shloka Badkar

Marico, Gujarat Gas, Hindalco and more: Tuesday’s top brokerage calls

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M&M Financial Services | Citi has maintained a ‘neutra;’ rating on M&M Financial Services with a target of ₹290 per share. The brokerage says the company’s FY25 guidance has been trimmed to the former’s conservative expectations.
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Marico | Citi has maintained a ‘buy’ rating on Marico with a target of ₹610 per share. It says the company’s fourth quarter is in line, and its distribution initiatives, pricing action will drive growth.
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Hindalco | Jefferies has maintained a ‘buy’ rating on Hindalco with a target of ₹810 per share. It says the company’s fourth quarter EBITDA rose 28% from the previous year and 13% from the previous quarter, which was in-line with estimates.
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Godrej Consumer Products | Jefferies has maintained a ‘buy’ rating on Gujarat Gas with a target of ₹1,520 per share. It says the company in its quarterly earnings reported double-digit volume growth in emerging categories.
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Gujgarat Gas | Citi has maintained a ‘sell’ rating on Gujarat Gas with a target of ₹450 per share. It says it believes the fourth quarter represents a near-term peak in earnings for the company.