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Jyothy Labs - Riding On Liquification Wave; High-Conviction 'Buy' Reiterates HDFC Securities; Here's Why

The brokerage have reduced its target multiple from 42 times to 40x, to account for the overall correction in consumer sector multiples and the gradual recovery in FMCG consumption.

<div class="paragraphs"><p>Jyothy Laboratories Ltd.’s range of products. (Source: Company website)</p></div>
Jyothy Laboratories Ltd.’s range of products. (Source: Company website)
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