HDFC Securities retains cautious stance on Nykaa in Q1 earnings review
HDFC Securities reviewed 12 companies after June-quarter earnings, raising target prices for Marico, DLF, Godrej Properties, Century Plyboards and NOCIL while maintaining caution on Nykaa, Kansai Nerolac and Prince Pipes.
HDFC Securities updated ratings and targets after June-quarter earnings for 12 companies, including Nykaa, Marico and Emami. It raised targets for DLF, Marico, Godrej Properties, Century Plyboards and NOCIL, while retaining caution on Nykaa, Kansai Nerolac and Prince Pipes.
Why this matters
HDFC Securities’ caution follows Nykaa’s Q1 FY27 profit jump to Rs 80 crore and 29% revenue growth. Prior coverage showed mixed broker views, with Jefferies raising its target while Macquarie stayed bearish.
Retail-company signals are accelerating, up 206300% quarter over quarter.