Rajesh Palviya of Axis Securities provides a market overview. Nifty faces resistance at 25,300, with potential downside to 25,000. Bank Nifty’s key support is 56,600. Dabur and Piramal Enterprises are promising buys. HUL shows upside potential if it sustains above 2,480. Glenmark Pharma’s rally may continue, with a target of 2,400. FMCG sector looks strong overall.
Tata Consumer shares rally over 4% after Q2 results. Why brokerages remain bullish despite target price cuts
Tata Consumer Products reported 16% year-on-year profit growth in Q2FY27, while brokerages retained positive ratings but cut target prices amid inflationary pressures. Jefferies, Nuvama, Elara