Hot Stocks: Brokerage view on Dabur India and Reliance Industries post Q2 results

Global brokerage firm Morgan Stanley maintained its equal-weight stance on Dabur India post Q2 results while Nomura retained its buy recommendation for Reliance Industries.

We have collated a list of recommendations from top brokerage firms from ETNow and other sources:

Morgan Stanley on Dabur India: Equal-weight | Target Rs 537

Morgan Stanley maintained its Equal-weight stance on Dabur India with a target price of Rs 537. Q2 earnings were largely in line with estimates.


The brokerage said that the positives include market share gains across 95% of the portfolio and the announcement of the acquisition to expand the food business.

However, weak rural demand and healthcare segment growth are some of the negatives, it added.

Nomura on RIL: Buy | Target Rs 2750

Nomura maintained its buy rating on Reliance Industries (RIL) with a target price of Rs 2750 post-Q2 results.

Q2 results were below estimates. The net debt increased. Results missed estimates largely on lower 02C profitability. The financial services arm to be listed is positive, the brokerage said.

The global investment bank trimmed FY23F/24F consolidated EBITDA by 4%/3%.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)