The world’s top investment banks and the market’s top brokerage firms keep providing their ratings on selected stocks of the market. In this article, we will talk about those three stocks of the market on which this rating was given. Let us tell you that apart from rating, target price has also been given.
UBS gives neutral rating on the stock of Hindustan Unilever Limited (HUL)
UBS has given a rating of Neutral on the stock of Hindustan Unilever Limited. UBS has given Rs 2860 as target price. In fact, UBS believes that there has been a lot of competition in the FMCG sector for Hindustan Unilever Company. At present, Hindustan Unilever Company is focusing on saving market share. For which the company can cut the price in the coming time.
Citigroup gives buy rating on Hindustan Unilever Limited (HUL)
Citigroup has given a buy rating on the stock of Hindustan Unilever Limited (HUL). They believe that the stock can move towards the target price of Rs 2880 in the coming time. However, keep in mind that the brokerage had earlier kept this target price at Rs 2900, which has now reduced to Rs 2880. Let us tell you that Citi Group believes that a challenge has been seen in consumption demand so far in the second quarter. Citi Group believes that in the coming time, demand will be seen coming back from rural areas, although monsoon may affect this demand.
Havells India Perhold Rating
Market’s top brokerage Jefferies has given a hold rating on the stock of Havells India. The brokerage firm has given Rs 1420 as the target price. The brokerage believes that the demand for ACs in India may be seen increasing further in the coming times as the Indian market offers a lot of growth potential for ACs.
JP Morgan gives overweight rating on Indigo
The world’s top investment bank JP Morgan has given overweight rating on Indigo’s stock. The investment bank has given a target price of Rs 2880 on Indigo’s stock. Let us tell you that earlier this price was Rs 2700, which has now been increased by the Investment Bank.
