The brokerage's positive outlook on Bajaj Consumer Care, with its Rs 760 target, is supported by double-digit volume growth, margin expansion and wider distribution. For Fedbank Financial Services, ICICI Securities retained its Rs 200 target after the non-banking financial company reported its highest-ever return on equity of 17%, supported by strong gold loan growth and lower credit costs.
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ICICI Securities Report
ICICI Securities has maintained its Buy ratings on Bajaj Consumer Care and Fedbank Financial Services following their september-quarter earnings, citing healthy business growth and improving profitability.
The brokerage retained an unchanged target price of Rs 760 on Bajaj Consumer Care, implying an upside of 46% from the report's reference price of Rs 520. It also maintained its Buy rating on Fedbank Financial Services, with an unchanged target price of Rs 200, suggesting 27% upside from Rs 158.
Neither stock saw a rating change or target price revision in the latest reports.
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The brokerage's positive outlook on Bajaj Consumer Care, with its Rs 760 target, is supported by double-digit volume growth, margin expansion and wider distribution.
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For Fedbank Financial Services, ICICI Securities retained its Rs 200 target after the non-banking financial company reported its highest-ever return on equity of 17%, supported by strong gold loan growth and lower credit costs.
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