Here’s a roundup of the latest brokerage recommendations and target price updates for leading stocks on October 8, 2024. However, Nomura expects JLR’s sales to improve in the second half of FY25 with a 3% YoY growth, and EBIT margins at 8.3% for FY25. CITI on NykaaRating: SellSell Target Price: Rs 165 (15% downside from CMP: Rs 194.55)Rs 165 (15% downside from CMP: Rs 194.55) Key Insights: Despite strong growth in the Beauty & Personal Care (BPC) vertical, fashion continues to lag. HSBC on ZomatoRating: BuyBuy Target Price: Rs 330 (24% upside from CMP: Rs 265.00)Rs 330 (24% upside from CMP: Rs 265.00) Key Insights: HSBC noted that food delivery competition is stabilizing, with Zomato positioned to improve its take rates. Morgan Stanley on TrentRating: OverweightOverweight Target Price: Rs 8,032 (6.8% upside from CMP: Rs 7,520.00)Rs 8,032 (6.8% upside from CMP: Rs 7,520.00) Key Insights: Trent’s foray into the beauty segment with Zudio Beauty is gaining traction.

Source: Indian Express October 08, 2024 10:01 UTC