So far in FY24, Nifty surged nearly 9% amid continued FII buying and declining crude oil prices. Meanwhile, a host of brokerage firms have initiated ‘buy’ coverage on several stocks. They see a strong potential for value unlocking in these companies, with a targeted upside of up to 48%. Here is a list of 7 stocks on which brokerages initiated coverage:
Sugar stocks rally continues: Balrampur Chini, Dhampur Sugar, Uttam Sugar Mills rally up to 4%. Two big triggers
Sugar stocks rallied as domestic sugar prices surged sharply over the past month. Government data showed retail prices rising from Rs 48.18/kg on July 20