The competition watchdog, in its letter dated August 3, is reported to have raised the point that the combined entity will enjoy “unparalleled” bargaining power and can increase the prices of channels as well as earn higher profits.
Hot Stocks: Brokerage view on Lupin and Gujarat Gas; Marico gets an upgrade
Investec raised Marico’s rating from hold to buy, while Jefferies upheld a buy rating for Godrej Consumer. JPMorgan continued to rate Gujarat Gas as underweight