Hot Stocks: Global brokerages on Britannia, TVS Motor, Gland Pharma, HEG and Graphite India
JPMorgan maintained its neutral rating on Britannia Industries with a target price of Rs 3,930. The stock closed at Rs 3,692 on 18 August. The global investment bank revised FY23/24E EPS downwards by 4/2 per cent. Gross margin bottomed out in Q1FY23. The company expanded its product portfolio (wafers, croissants, cakes, biscuit variants) which is a positive sign.