Hot Stocks: Brokerage view on ITC, Sun Pharma, Adani Ports, Zomato and Dabur

Jefferies has maintained a buy rating on ITC with a target price of Rs 585. The 3% growth in cigarette business volume met expectations, and stable taxation suggests continued momentum in the coming quarters. However, other segments fell short in terms of revenues and margins.

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Ajay Seth appointed as IRDAI chairman

Ajay Seth, a 1987-batch IAS officer, has been appointed as the chairman of IRDAI for a three-year term, succeeding Debasish Panda. With over three decades