Citi backs Tata Consumer at Rs 1,450, flags Nykaa Sell; Jefferies bullish on Max Healthcare beds
Brokerage roundup splits retail-adjacent calls: Citi Buy on Tata Consumer (TP Rs 1,450) on resilient demand and margin expansion, but Sell on Nykaa (TP Rs 225) questioning BPC premium growth. Nomura stays Neutral on Maruti citing margin pressure, while Jefferies likes Max Healthcare's bed expansion runway into FY27.
Brokerage roundup: Citi Buy on Tata Consumer (TP Rs 1450) citing resilient demand and margin expansion; Citi Sell on Nykaa (TP Rs 225) on BPC premium growth; Nomura Neutral on Maruti flagging margin pressure; Jefferies Buy on Max Healthcare bed expansion.
Why this matters
Brokerage split highlights divergence in retail-adjacent plays: staples leader Tata Consumer gets margin tailwind nod, while Nykaa faces scrutiny on BPC premium growth durability.
Retail-company coverage steady at 2,929 signals over the last 90 days.