1 / 6Jefferies on HDFC: The brokerage has retained a 'buy' call on the stock with a target price of Rs 3,300. Housing demand has rebounded well and corporate loan growth could turn positive in H2, according to Jefferies. The unwinding of excess liquidity should support HDFC's margin, Jefferies added.
2 / 6Credit Suisse on Zomato: The brokerage has retained an 'outperform' rating on the stock with a target price of Rs 185. The company's food delivery business is valued at 3.2 times its EV/GMV, a 100 percent premium to Doordash, according to Credit Suisse.
3 / 6CLSA on Bharti Airtel: The brokerage has maintained a 'buy' call on the stock with a target price of Rs 825. The company has recorded a jump by 18 times in data usage, and its average revenue per user is up 46 percent from lows and expected to rise to Rs 199, according to CLSA.
4 / 6CLSA on HUL: The brokerage has downgraded the stock to 'outperform' with a target price of Rs 3,070. The company looks set to maintain double-digit EPS growth over the next decade, according to CLSA. HUL remains CLSA's preferred pick in the Indian consumer space.
5 / 6Jefferies on HUL: The brokerage has retained its 'buy' call on the stock with a target price of Rs 2,850. The company is taking steps to drive sustainable growth with a focus on development and premiumisation, and should see a double-digit EPS CAGR in the next decade, according to Jefferies.
6 / 6Macquarie on HUL: The brokerage has maintained an 'outperform' rating on the stock with a target price of Rs 3,100. Macquarie believes HUL will benefit from the uncoiling of demand in the out-of-home and discretionary categories. The company is taking the right steps to succeed in the emerging segment of D2C/digital-first products, according to Macquarie.
