Brokerages split on India consumer: Macquarie picks Titan, Lenskart, HUL; BofA stays bearish on Nestle
Macquarie flags rural-monsoon risk for Britannia and Dabur, preferring Titan, Lenskart, Marico and HUL. BofA reiterates Underperform on Nestle with TP Rs 1,355. CLSA stays Outperform on Hero MotoCorp (TP Rs 5,728); Goldman lifts Kajaria TP to Rs 1,330. HDFC AMC flagged on 21% AUM growth.
Brokerages issue fresh calls on Indian consumer plays: Macquarie flags rural-monsoon risk to Britannia/Dabur and prefers Titan, Lenskart, Marico, HUL; BofA stays Underperform on Nestle; CLSA Outperform on Hero Moto; GS hikes Kajaria TP.