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HDFC Securities Institutional Equities
DLF, Marico, Godrej Properties, BSE, Emami, Century Plyboards, Nykaa, Symphony, Motherson Wiring, Kansai Nerolac, NOCIL and Prince Pipes are likely to remain in focus after HDFC Securities reviewed their June-quarter earnings and updated ratings and target prices.
The brokerage turned constructive on several names, raising target prices for DLF, Marico, Godrej Properties, Century Plyboards and NOCIL, while maintaining a cautious stance on Nykaa, Kansai Nerolac and Prince Pipes.
ALSO READ: Marico Remains A Top Pick For Motilal Oswal After Robust Q1— Check Revised Target Price
HDFC Securities maintained a Buy rating on DLF and raised its target price to Rs 752 from Rs 709, citing improving earnings visibility, a strong launch pipeline and growing contribution from its rental business. The brokerage expects FY28 to be an inflection point as large projects begin contributing meaningfully to earnings.
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