Jefferies maintains a “Buy” rating on Shriram Finance with a target of Rs 3,670, citing strong growth. JPMorgan holds a “Neutral” stance on HDFC Bank at Rs 1,750, acknowledging its “safe haven” status but highlighting growth concerns. UBS reiterates a “Sell” rating for Hero MotoCorp at Rs 3,430, anticipating intensified EV competition and financial pressures.
2 liquor stocks may rally up to 19% on Q3 results, 3 other factors
Brokerages suggest that liquor stocks, particularly United Spirits and Radico Khaitan, may see an upside potential of up to 19% due to strong Q3 earnings