HSBC and JPMorgan Set Targets on Marico Shares; Is It the Right Time to Buy?
India, Oct. 6 -- The shares of the Large-cap company, which specialises in the consumer goods (FMCG) sector, focusing primarily on the beauty, personal care, and wellness segments across India, Asia, and Africa, are in focus after top global brokerage firms HSBC and JPMorgan gave their views on the stock.
With a market capitalisation of Rs. 1,02,371.57 crore in the day's trade, the shares of Marico Limited were trading at Rs. 787.00, down 0.46 percent compared to the previous close of Rs. 790.65.
HSBC on Marico
The global brokerage firm HSBC gave the stock a "Buy" rating and set a target price of Rs. 1,020. The target implies upside potential of around 29 percent from the previous day's close price of Rs. 790.65.
HSBC highlighted Mari...
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