Hot Stocks: Brokerage view on L&T Finance, Federal Bank, D-Mart and RBL Bank

April 4, 2024

Citigroup maintains sell rating on RBL Bank with Rs 257 target. Macquarie has outperform rating on D-Mart with Rs 4500 target. Avenue Supermarts shows stable sales growth. Federal Bank also under Citigroup’s sell rating at Rs 135.

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ITC’s tobacco business is going cheap but Kotak Institutional Equities thinks market has it wrong

Kotak Securities estimates ITC’s tobacco business is valued at just 11X forward earnings, suggesting potential undervaluation. The brokerage sees stronger growth in non-tobacco businesses and

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